Leasing

One of the latest tenants at the property is Dunkin', which leased 1,802 square feet in a local relocation of an existing franchise. Bubbakoo Burritos also signed on for 1,695 square feet at the property.

The asking rental rate rose $0.56-per-square-foot to an average of $39.75-per-square-foot from the second quarter. In the past year, MMG Equity notes that the average asking rental rate has risen $4.21-per-square-foot from the $35.54-per-square-foot registered in the third quarter of last year.

Mike McCarthy, Brian McCarthy and Madeline Meyersieck join Transwestern's San Francisco office with approximately 3.5 million square feet of landlord leasing under their belts.

Samaritan will relocate its corporate office to the new location in the beginning of 2020, the year of the health care services firm's 40th anniversary.

Phoenix has more than 650,000 square feet of new retail product under construction.

The lease for 110,945 square feet is the largest office lease so far this year in Bergen County, according to CBRE.