RUTHERFORD, NJ-Two major tenants have renewed their leases at the Meadows Office Complex here, with a total of 55,000 sf of space involved. Terms of the signings were not released; available space in the two-building, 600,000-sf complex is currently listed with an asking price of $30 per sf.

Nice Systems, a consulting firm for the enterprise, public safety and security markets, renewed and expanded to a total of 30,000 sf. Ownership was represented by Rob Fisher and Susan Lulla of Lincoln Equities Group, while the tenant was represented by Mark Weiss of Newmark Knight Frank.

AXS-One, a provider of records compliance management solutions, renewed its lease for 25,000 sf. Fisher and Lulla once again represented the ownership, while the tenant was represented by Marc Trevisan and Brad Fenlon of CB Richard Ellis.

The building is owned by Onyx Equities and Invesco Real Estate. As reported by, Onyx and Invesco bought it in early 2005 as part of a four-building portfolio acquisition from a partnership of Investcorp, Crow Holdings and Lincoln Equities, with the latter staying on to manage the property. Onyx and Invesco subsequently launched a capital improvement program, which was completed earlier this year.

“The capital improvement program is a key factor in being able to retain the long-term tenants,” Fisher says. “And with the recent new lease signed by AON Consulting, these renovations are also playing a key role in attracting new tenants.”

As reported by, AON signed on for a total of 15,205 sf in March, with the employee benefits firm relocating its regional office from a nearby location. The various signings leave one full-floor leasing opportunity remaining at the property, the entire 25,320-sf penthouse unit. The opportunity also provides the ability for a company to put its name on the top of the 12-story facade, according to Fisher, a sign that would be visible from the New Jersey Turnpike, Route 3 and Giants Stadium.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.