LIVINGSTON, NJ-Acorn Financial Services is moving into a newhome office at Eisenhower Corporate Campus here. The financial firmwill take 20,000 square feet for its new digs, signing a long-termlease. The deal was brokered by the Garibaldi Group of Chatham andEric Maurer, the director of leasing for Eastman ManagementCorp.


The 385,000-square-foot office campus sits on 33.5 acres ofproperty boasting a full-service cafeteria, fitness center andunderground parking. Acorn holds offices as well in New Jersey andPennsylvania, however this new space will be its corporateheadquarters. Eastman Management did not return GlobeSt inquiriesby deadline.


Class A vacancy in Northern New Jersey rests at a robust 18.4%,but is down overall year-over-year. Eastman did not say whatAcorn's lease-rate will be. Cushman & Wakefield clocks theaverage at $29.34 per square foot for class A office as of 2Q10 inNorth Jersey, however Essex County is slightly lower in itsaverage, where Acorn will reside, at $27.90 per square foot.


Recently, Eastman Cos. signed new leasesat 345 Eisenhower Pkwy. from Stein McGuire Pantages & Gigi LLP,Becker Meisel, Aronson & Fernandez, attorneys at law, and NewJersey Life & Casualty Co. which totaled 35,000 square feet.And early last year, Verizon signed on for a 153,000-square-footlease at the Eisenhower Campus.

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