The CBRE team of William R. Waxman, Mindy Lissner Kevin Dudley, and David Gheriani arranged five new leases at 1 County Road in Secaucus, New Jersey totaling 105,000 square feet. CBRE serves as the exclusive leasing agent for the state-of-the-art flex development and represented the ownership, Bhasin Properties, in the lease negotiations.
“Demand for high quality flex space in Secaucus is strong, and 1 County Road is meeting the demand with a compelling product and superior location,” CBRE’s Mr. Dudley said. “1 County Road offers easy and convenient access to New York City as well as a variety of transportation options for employees, and the Class A space itself serves a myriad of users and uses. The thoughtful, modern design makes it a real stand-out in the market.”
In just six months, the CBRE team negotiated the following new leases, all were fully preleased:
- DDMG, Inc., a wholesale men’s apparel company based in Secaucus, leased 27,440 square feet. JLL represented the tenant in the lease negotiations.
- GOAT, an online high-end sneaker marketplace founded by Eddie Lu, inked a 27,537-square-foot lease in direct negotiations with the CBRE team
- W Showroom, online women’s fashion company leased 18,390 square feet of space at the property.
- The Alvin Ailey Dance Theater leased 17,583 square feet of space in a represented by Avison Young.
- KM Productions, an industry-leading event production services and equipment company, leased 14,305 square feet of space. The Blau & Berg Company represented KM Productions in the negotiations.
- Power Survey, a provider of electric field testing and asset management services, leased 18,358 square feet of space. William J. Cariste of Realty Consultant
Built in 2018, 1 County Road is a two-property, 242,000-square-foot, state-of-the-art complex located in the heart of Secaucus.The properties are comprised of 15 well-designed, Class A units located minutes from New York City, the New Jersey Turnpike and major airports. The facility is within walking distance of the Secaucus Transfer Station.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2017 revenue). The company has more than 80,000 employees (excluding affiliates) and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
