JLL has completed two renewal leases in South Plainfield, N.J., for Arcade Beauty, a national cosmetic industry supplier. Arcade Beauty has signed long-term renewal leases for 52,370 square feet of space at 500 Hadley Road and 56,000 square feet of space at the adjacent 550 Hadley Road for a total of 108,370 square feet.
Scott Lesh, Andrew Zezas, and Chad Hillyer, managing directors; John Buckley, senior vice president, and Tyler Baker, vice president, of JLL, represented the tenant in the transactions. RMD Realty Associates, owner of 500 Hadley Road, and Alfieri Property Management, owner of 550 Hadley Road, were represented in-house.
Headquartered in NYC, Arcade Beauty is a global company engaged in the development, marketing, sale and production of multi-sensory and interactive sampling and discover solutions, as well as specialized packaging, primarily for fragrance, beauty and personal care segments. The company will continue to use 500 Hadley Road for warehouse and distribution space, and 550 Hadley Road for manufacturing, research and development, and office space.
“Arcade Beauty’s continued commitment to New Jersey demonstrates the appeal of the state’s businesses environment and geographic location,”said Lesh. “This deal benefits all parties and ensures operational continuity for the client.”
“We were pleased to successfully structure a multi-party deal that supports the business model of this unique space occupier,” said Zezas. “Despite the current turmoil, we completed a transaction that maximizes efficiencies for the tenant.”
About Signature Acquisitions
Since its beginnings in 2003, Signature Acquisition has acquired more than $300 million in asset value and more than 3 million square feet throughout the Northeast. In recent years, the firm shed many of the non-strategic assets and concentrated the majority of acquisitions on Class-A office buildings, primarily in Suburban New Jersey and Long Island, New York.
AboutJLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $18.0 billion in 2019, operations in over 80 countries and a global workforce of nearly 93,000 as of June 30, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
