Cushman & Wakefield Arranges 87,000-Sq.-Ft. Office Lease With Eisneramper

Accounting/tax/advisory Firm will Occupy more than One-third of MetroTop Plaza II. End Quote

Edison, NJ (1888PressRelease) July 07, 2012 - Commercial real estate services firm Cushman & Wakefield, Inc. has arranged an 87,000-square-foot lease with EisnerAmper at MetroTop Plaza II, a newly constructed 255,000-square-foot class A office building in Woodbridge, N.J. The Edison, N.J.-based Cushman & Wakefield team of Paul Giannone, Kevin Carton and Eric Sobel represented the ownership, Atlantic Realty & Development Corp.

EisnerAmper, one of the country's largest accounting, tax and advisory firms, will consolidate most of its people from multiple New Jersey offices at MetroTop Plaza II, taking all of the 10-story building's sixth and seventh floors, and portions of the first and eighth floors for a term of more than 15 years. The firm was represented in the transaction by David Simson and Mark Weiss of Newmark Grubb Knight Frank's New Jersey and New York offices respectively.

With the transaction, the Cushman & Wakefield team has signed leases totaling 177,000 square feet at MetroTop Plaza II since the building was completed and readied for tenant fit-out at the end of 2011. Since then, Ansell Healthcare has leased 57,000 square feet, and software provider Vitech Systems Group and McDonald's Corp. have leased 19,000 and 20,000 square feet respectively, the latter for a regional headquarters. EisnerAmper and Ansell Healthcare will each have corporate signage on the building.

"The region's office market has improved significantly, but a combination of economic reasons continues to drive activity," Giannone said. "Many companies are either consolidating or relocating for cost-related reasons, including a more central location at a transportation hub for the benefit of employees."

MetroTop Plaza II and its 90,000-square-foot, completely renovated companion Plaza I, are situated just off the Garden State Parkway and within walking distance of the MetroPark Train Station, served by Amtrak and New Jersey Transit. The Woodbridge Hilton Hotel is immediately adjacent to the two buildings. Plaza II amenities include a two-story, glass-enclosed atrium, fiber optics, card key access, a multi-level parking deck, a 4,500-square-foot gymnasium, and an 8,500-square-foot cafeteria. The 10th floor includes a 10,000-square-foot activity center for tenant use.

"This is one of the most outstanding, efficient and well-located buildings in New Jersey, a fact that has clearly been demonstrated by the recent leasing activity," said Giannone. "A 70,000-square-foot block of space remains to be filled, and we will have an announcement very shortly that will complete the building's lease-up."

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