X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LAWRENCEVILLE, NJ-The not-for-profit standards organization GS1 US has renewed its headquarters lease here at 1009 Lenox Dr. The lease includes an office reconfiguration to increase efficiency, reducing the total square footage from 57,000 to 48,000 square feet. Additional terms of the lease were not available by deadline.

Harlan Hollander, JD, and Peter Hamburger of Cushman & Wakefield in East Rutherford, brokered the long-term transaction on behalf of GS1 US. Steve Jennings of Radnor, PA-based building owner Brandywine Realty Trust served as his company’s in-house representative. The annual lease rate was not disclosed, but the REIT’s website listed average asking rents on Lenox Dr. between $28.50 and $33.00 per square foot.

“During the 10 years that GS1 US has been at 1009 Lenox Dr., the company has seen a number of changes, including a growing staff and the acquisition of another business. But with these adjustments, the space became a bit disjointed,” Hollander tells GlobeSt.com. While the company looked at other regional properties and considered relocation, Hollander says that this building continues to provide the best location.

Cushman & Wakefield assisted GS1 US in selecting an architect and project manager for the office renovation, which will launch shortly. “The consolidation and reconfiguration certainly will streamline our operation,” says Jon Mellor, GS1 US’s director of external affairs. “We had expanded onto two floors and now will be in contiguous space on one floor. The end result will be better flow for our employees and a more efficient real estate strategy for our organization.”

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?

GlobeSt

Join GlobeSt

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

  • Free unlimited access to GlobeSt.com'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 ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.