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CARLSTADT, NJ-Wachovia Bank NA has signed an 88,196-sf lease renewal at 430 Commerce Blvd. here. The financial services organization will continue to use the location as back office space.Wachovia’s building is within the 1.6-million-sf, multi-building Russo Business Campus, a project of the Hackensack-based Russo Development LLC. The owner was represented in-house in the transaction by Michael Pembroke, senior vice president of leasing and property management. Wachovia was represented by Carl Ericksen, senior vice president of CB Richard Ellis. Terms of the deal were not disclosed.”We are pleased to have been able to meet Wachovia’s ongoing business needs,” Russo says. “We thank Wachovia for its continued tenancy.”The tenant originally signed on as First Union Bank, before that company acquired Wachovia and subsequently maintained the Wachovia name for the merged organization. Russo Development, meanwhile, has developed more than 50 properties, mostly industrial, in northeastern New Jersey in the past 35 years.

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