20 Commerce Drive in Cranford — Courtesy: Signature Acquisitions
By Joshua Burd
A transportation logistics firm has leased more than 17,000 square feet at a Clark office building, the largest among nearly a dozen second-quarter deals completed by Signature Acquisitions.
According to the landlord, All-Ways Forwarding will use the space at 100 Walnut Ave. as its new corporate headquarters. The 17,386-square-foot deal comes alongside another new commitment in Signature’s suburban Union County portfolio, at 6 Commerce Drive in Cranford, where COS Phones took an undisclosed amount of space.
The deals are among two new leases, three renewals and three expansions by tenants in the firm’s Clark and Cranford buildings. In its broader portfolio, the property owner said it inked 10 transactions in eight buildings in the second quarter, citing tenants’ continued flight to quality.
“In today’s competitive office market, tenants are drawn to high-quality, adaptable Class A office space with stable ownership that provides an unmatched focus on tenant service,” said Sandy Monaghan, senior vice president and director of asset management at Signature Acquisitions. “Our success is driven by providing not just exceptional workspaces for our tenants, but by delivering superior value. This operating philosophy continues to draw smart, forward-thinking tenants to our portfolio of strategically located Class A office buildings.”
At 25 Commerce Drive in Cranford, Signature Acquisitions signed a 6,267-square-foot lease renewal and expansion with Electrical Consultants Inc., according to a news release. The firm also signed expansions at 11 Commerce Drive with Bayada Health, the international health care staffing company, and at 20 Commerce Drive with US Electric.
Other activity in Signature’s Clark and Cranford portfolio included a renewal at 11 Commerce Drive by Suvip Solutions, an IT provider, and renewals at 14 Commerce Drive by technical staffing company L.J. Gonzer Associates and Elvy Developers. At 100 Matawan Road in Matawan, a 133,000-square-foot building near the border of Middlesex and Monmouth counties, the landlord inked a new 5,972-square-foot lease with Insurance Auto Auctions, an automobile auction service.
