NEWARK-The Federal Reserve’s Office of Employee Benefits has signed a 23,547-square foot lease at One Riverfront Center here, Matrix Development Group confirms. The new lease brings the 420,000-square foot 18-story office building, also called the Legal Center, to more than 90% leased.

"One Riverfront Center is a premier business location that continues to attract exceptional business investment for the City of Newark," says Hilary Budny, VP of New Brunswick-based Matrix Development Group, who explains that all of the division’s 45 employees will be relocated from elsewhere in Newark to the building, in a statement. "Our class A office tower is just 20 minutes from Manhattan by train and centrally located to both Newark Penn Station and Newark Liberty Airport."

National law firm LeClairRyan recently took 45,000 square feet at the building, which is directly connected to Newark Penn Station and Gateway Complex by a pedestrian skyway. The rent for the space was not disclosed, but other buildings in the area are asking about $31 per square foot, according to LoopNet.

Robert Lowe and Ed Duenas of Cushman & Wakefield, and Eric Deutsch of CB Richard Ellis, represented the Federal Reserve System's Office of Employee Benefits in the transaction. Matrix was represented by Timothy Greiner and Hope Brodsky of Newmark Knight Frank.