Signature Acquisitions is headquartered at 20 Commerce Drive in Cranford
By Tina Traster
Signature Acquisitions has negotiated office leases exceeding 29,000 square feet over the past three months in its Garden State Parkway portfolio, the firm announced.
The leases total 20,000 square feet of new commitments and renewals at Parkway Commerce Center in Cranford and Clark, plus more than 8,000 square feet of new leases, renewals and expansions at 100 Matawan Road in Matawan. Signature announced the deals this week, while touting each building’s location just off the Garden State Parkway.
They include an 8,774-square-foot lease at 100 Walnut Ave. with Loop Capital, a client-focused investment banking, brokerage and advisory firm, the largest of four new leases at Parkway Commerce Center. Other new leases include 2,563 square feet for Logicfold, 1,741 square feet for Indigo Risk and 1,300 square feet for M&D Capital NY. Additionally, Allstate and Bayada Health renewed leases for 3,734 and 2,704 square feet, respectively.
“As businesses continue to adjust to the evolving wants and needs of their workforces, we see a corresponding increase in demand for Class A office space across our portfolio,” said Sandy Monaghan, senior vice president and director of leasing at Signature Acquisitions. “Our continued success in retaining current tenants and attracting new tenants speaks to our immense confidence in our portfolio’s ability to fulfill the desires of the workforce and provide businesses with a first-rate corporate environment to call home.”
The firm also inked a new lease for 1,566 square feet with Joseph Sanzari Inc. at 100 Matawan Road, a recently renovated, 132,655-square-foot building that sits on 5.17-acres, offering proximity to the Matawan train station and a host of major highways. Additionally, it completed a renewal and expansion for 7,135 square feet with Otteau Group, a nationally known real estate advisory and valuation firm.
“Deciding to commit to office space in 2022 has many additional layers compared to years past,” said Jeffrey G. Otteau, managing partner and chief economist for the Otteau Group. “The emergence of hybrid work schedules coupled with the workforce’s changing expectations make it critical that offices evolve to inspire our employees and promote collaboration. Signature Acquisitions has always done a tremendous job of evolving their spaces to meet the changing demands of workers today and we are excited to be able to continue to grow in one of their spaces.”
