CBRE announced it has completed two large lease renewals at Continental Plaza in Hackensack, New Jersey. The tenants signing long-term lease renewals at the trophy Class A office property include Shapiro, Croland, Reiser, Apfel & Di Iorio, LLP, and the U.S. General Services Administration.
The CBRE team of Donald Sperling and Erin Wenzler represented the building ownership, Lionstone Capital, in the leasenegotiations.
“Continental Plaza offers an unparalleled work environment. Tenants continuously choose Continental Plaza even during these challenging and unprecedented times,” said Mr. Sperling, Senior Vice President. “Theselong-term renewals are a testament to the strength of the property and ownership’s hands-on approach to managing this Class A office complex.”
Shapiro Croland recommitted to 11,000 sq.ft. for 10 years, andthe U.S. General Services Administration renewed its 23,000 sq. ft. lease for an additional five years.
“Tenants will continue to demand a safe, clean, and harmonious space to work in a post-COVID world,” said Asher Schepansky of Lionstone.“We have beenprogressive in meeting health concerns while maintaining high-quality services and amenities. Continental Plaza will continue to deliver a best-in-class experience for tenants.”
Continental Plaza consists of three office buildings and a restaurant totaling 647,947 sq. ft. The complex offers a unique tenant experience through new amenities including a first-class fitness center with personal training, conference center with individual breakout rooms, tenant lounge, full-service cafeteria, coffee bar, dry cleaning, electric car chargers and more.
Located at 401, 411 and 433 Hackensack Avenue, Continental Plaza is on a full interchange off Route 4 and minutes from Routes 17, 80, 46, the Garden State Parkway and 10 minutes from the George Washington Bridge. The complex’s location also provides New York City views. Continental Plaza is directly across from The Shops at Riverside with an abundanceof high-end retail and dining. There are dozens of retail, entertainment and fitness amenities in the immediate area, offering tenants limitless conveniences.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2019 revenue). The company has more than 100,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 530 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.
