Continental Plaza in Hackensack — Courtesy: CBRE
By Joshua Burd
Two tenants at a well-known office complex in Hackensack have signed long-term lease renewals, in a set of newly announced transactions by CBRE.
In the larger deal, the U.S. General Services Administration recommitted to its 23,000-square-foot space at 401 Hackensack Ave., part of the three-building property known as Continental Plaza. CBRE’s Donald Sperling and Erin Wenzler represented the landlord, Lionstone Capital, in the lease at the 647,947-square-foot campus.
The brokers also completed the second deal, an 11,000-square-foot renewal by Shapiro, Croland, Reiser, Apfel & Di Iorio LLP. The law firm, a tenant at 411 Hackensack Ave., renewed for 10 years.
“Continental Plaza offers an unparalleled work environment. Tenants continuously choose Continental Plaza even during these challenging and unprecedented times,” said Sperling, a senior vice president with CBRE. “These long-term renewals are a testament to the strength of the property and ownership’s hands-on approach to managing this Class A office complex.”
The firm announced the deals on Thursday while touting new amenities at Continental Plaza, which spans 401, 411 and 433 Hackensack Ave. Those offerings include a high-end fitness center with personal training, a conference center with individual breakout rooms, a tenant lounge and a full-service cafeteria, among others.
The building sits on a full interchange off Route 4 and is minutes from routes 17 and 46, Interstate 80 and the Garden State Parkway.
“Tenants will continue to demand a safe, clean, and harmonious space to work in a post-COVID world,” Lionstone’s Asher Schepansky said. “We have been progressive in meeting health concerns while maintaining high-quality services and amenities. Continental Plaza will continue to deliver a best-in-class experience for tenants.”