SBLI USA Mutual Life's new lease for 31,500 sf is the latestdeal as the property nears 100% occupancy. Alexander Summer,Paramus, NJ, is the building's leasing and management agent.
SBLI's lease is an expansion from its home base across theHudson River in NYC. According to company VP and chief of staffMichael Lane, "New Jersey represents a tremendous growthopportunity for us, and Newark is clearly the place to start."
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