Livingston, N.J.-based Eastman Companies inked more than 112,000 square feet of lease transactions during the second half of 2016, and 500,300 square feet for the year at its New Jersey office and retail properties. The company owns 2 million square feet of office, retail and industrial space located in Essex, Morris, Bergen and Burlington counties in northern N.J.
“We are extremely pleased with the positive leasing activity and momentum we experienced throughout 2016, executing a blend of both new leases and renewals throughout our portfolio of properties,” said Michael Schofel, Eastman’s managing partner. “Additionally, we continue to actively enhance and reposition our real estate assets in order to create a premier work/live business environment for current and prospective tenants.”
Eastman continued to expand and upgrade on-site amenities and services throughout its office portfolio. The new Amenity Court at Eisenhower Plaza includes “354fit,” a state-of-the-art fitness center, as well as Living Fitness, which offers one-on-one personal training and Pilates. Renovations to the building’s conference center and café will be completed this summer. Construction of a new conference facility and full service café was also completed at Eastman Office Center.
One of its top leasing deals of the year was the replacement of a Pathmark store at Lyons Plaza, in Irvington, N.J., with a Key Stores' regional SuperFresh store. The 48,720-square-foot store, located in the former Pathmark space, offers a large selection of grocery items as well as an extensive health and beauty department and a pharmacy. Florian Suserman and Stephanie Harris of Ripco Real Estate Corp. represented the landlord; David Brecher and Robert Capatina of Space Realty Services Inc. represented the tenant.