Clark Commercial Center in Clark — Courtesy: Denholtz Associates
By Joshua Burd
A seller of books for law professionals has renewed its 11,700-square-foot office lease at a Clark commercial complex, landlord Denholtz Associates announced recently.
The real estate owner and investment firm said the user, The Lawbook Exchange, has been a tenant at the Clark Commercial Center for more than 15 years. It occupies a space at 33 Terminal Ave., part of a 21-acre mixed-use site located at Central and Terminal avenues.
All told, Clark Commercial Center includes 10 commercial buildings totaling 283,201 square feet and one unimproved parcel that Denholtz is currently developing as a retail building. The site is anchored by the cosmetics giant L’Oreal, which leases more than 190,000 square feet of the portfolio to house its North American research and development facility.
Since 1983, The Lawbook Exchange has been a leading purveyor of antiquarian and scholarly books, manuscripts, artwork, ephemera and current materials for thousands of legal practitioners, Denholtz said in a news release. The company also publishes original books and reprints of significant titles.
“Following our acquisition of this space, our strategy was to stabilize the asset through securing high-quality and established tenants that would provide stable and reliable returns on our investment,” said Kristine B. Hurlbut, senior vice president of leasing at Denholtz Associates. “We have been able to execute this strategy through leveraging our full-suite of in-house capabilities which enables us to deliver superior tenant service to each tenant at the property and create an in-demand location for companies seeking a new home.
“The renewal with The Lawbook Exchange further exemplifies our commitment to our multi-tenant diversification strategy which allows us to achieve superior, risk adjusted returns throughout our portfolio.”
Other major tenants at the complex include New York Community Bank, Retro Fitness and KinderCare. Located just off Exit 135 of the Garden State Parkway between Central and Rahway avenues, the site offers easy access to Interstate 78 and the New Jersey Turnpike.