100 Walnut Ave. in Clark — Courtesy: Signature Acquisitions
By Joshua Burd
Turtle & Hughes, a national distributor of electrical and industrial equipment, is moving its corporate offices to Clark under a newly announced lease by Signature Acquisitions.
According to the landlord, the company is taking 27,000 square feet at 100 Walnut Ave., which sits just off the Garden State Parkway at Exit 135. It’s among several new tenants at the 192,000-square-foot property, part of Signature’s portfolio of Union County office space.
Currently based in Linden, Turtle & Hughes serves the industrial, construction, commercial, electrical contracting, export and utility markets. The company has dozens of locations throughout North America.
Signature announced the deal Thursday as part of more than 60,000 square feet of fourth-quarter leasing activity in New Jersey and more than 200,000 square feet in 2022. Other deals at 100 Walnut Ave. include new leases of 6,050 square feet by the medical office of Dr. Joseph D. Alkon, who specializes in plastic and reconstructive surgery, and 3,626 square feet by Decker Associates, an insurance broker.
Other Q4 deals by Signature include a 6,491-square-foot renewal by Ascend Hospice at 65 Jackson Drive in Cranford. At 20 Commerce Drive, the firm’s flagship property along the Parkway, the firm signed a 4,699 square-foot lease with the law firm of Stern & Eisenberg and a 3,045-square-foot lease with Cifrodello Law.
Additionally, the firm’s recent activity includes:
- A new 2,244-square-foot lease at 11 Commerce Drive by AEI Environmental
- Renewals by Kowabunga Transportation, Weinstein & Spellman and Rhythm Medical within the Parkway Commerce Center portfolio
- New leases at Boulevard Plaza, at 1055 Parsippany Blvd. in Parsippany, by Alfvo IT Solutions and the investment advisory firm of Anthony Megaro, along with a renewal with New Jersey Battered Women’s Service
“The office space market throughout the country remains challenging in the aftermath of the COVID pandemic, given current inflationary pressures and an evolving remote work environment, but nonetheless, we have realized significant leasing activity across our New Jersey portfolio,” said Sandy Monaghan, senior vice president and director of leasing at Signature Acquisitions. “We remain confident that employers will continue to place value in well located, quality office space for their employees. We at Signature Acquisitions are committed to offering a superior product for companies and their employees to help them to succeed and to prosper.”