Presidential Center, located at 293 Eisenhower Pkwy. in Livingston — Courtesy: Eastman Cos.
By Joshua Burd
Accounting firm Sobel & Co. has expanded and renewed the lease at its Livingston headquarters, in one of a series of office and retail deals announced recently by Eastman Cos.
The real estate owner and developer said Sobel, a tenant at 293 Eisenhower Pkwy., now occupies more than 28,000 square feet after renewing and expanding by 3,000 square feet. The firm now occupies a full floor at the building known as Presidential Center.
Eastman announced the deal as part of more than 170,000 square feet of leasing activity across its portfolio in 2017.
“We continued to build on last year’s positive momentum, inking a combination of new leases, renewals and expansions throughout our portfolio,” said Michael Schofel, Eastman’s co-managing partner. “The volume and variety of transactions, which ranged from 1,200 to 30,000 square feet, reflects the value that our strategically positioned, amenity-rich properties offer to companies large and small.”
The Livingston-based firm also said it has continued to make significant upgrades to the amenities and common areas in many of its commercial properties. Those improvements have helped fuel activity with tenants ranging from nonprofits and health care service providers to accounting, legal and brokerage firms.
Those tenants include:
- Genetic research and testing company The Cooper Cos. Inc. (Regent Park): Andrew B. Zezas of JLL negotiated the lease.
- Mortgage lender E Mortgage Management (70 South Orange Ave.): Nick Savage, Jon Sarkisian and Peter N. Shikar of CBRE negotiated the lease.
- Feder, Kamens & Co. LLC and Kessler Law LLC (354 Eisenhower Pkwy.)
- TransAmerican Associates (Eastman Office Center – 651 Old Mount Pleasant Ave.)
Eastman’s director of leasing, Eric J. Maurer, worked in partnership with the brokerage firms to complete the deals.
“Creating exceptional office environments that allow workers to be more productive and achieve greater work/life balance is paramount for commercial property owners,” Schofel said. “We’re committed to raising the bar for suburban office amenities and meeting the demands of next-generation workspace users.”
Those improvements include doubling the seating and expanding the menu at the on-site café at 354 Eisenhower Pkwy., along with new seating in the atrium and outdoor patio area, Eastman said. Recent renovations to the first- and second-floor lobbies at Eastman Office Center followed the addition of a conference center and café that offers tenants hot and cold entrees, ample indoor seating, a large-screen TV and an outdoor patio with bistro seating.
Enhancements to the first- and second-floor common areas at 23 Vreeland Road include new paint, floor coverings, furnishings and custom artwork created by a local artist.
