RIDGEFIELD PARK, NJ−A subsidiary of American StockTransfer & Trust Co. is relocating to the 55Challenger Road building in the OverpeckCentre office park here.
Financial services firm ASTOne willoccupy 45,000 square feet at the 300,000-square-foot building,which is owned by KABR Group and KushnerCos. The companies picked up the Bergen County property in2012, when office leasing seemed to have a reached a new nadir, butwhen they had already successfully repositioned another building atthe Overpeck Centre.
This year, various first-quarter reports have indicated adiscernible improvement in the northern New Jersey office marketfundamentals, but overall vacancy is still running above20%.
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