Signature Acquisitions reports strong leasing in second quarter across portfolio

Activity led by 17,386 headquarters lease at 100 Walnut Ave. in Clark, NJ

Cranford, NJ — Signature Acquisitions, one of the region’s most active and prestigious owners/managers of class A suburban office space, announces it has negotiated 10 new, expanded and renewed office leases in eight buildings across its portfolio in the second quarter of 2024. The company’s successful second-quarter leasing activity continues a strong “flight to quality” trend that Signature has experienced over the past several quarters.

“In today’s competitive office market, tenants are drawn to high-quality, adaptable class A office space with stable ownership that provides an unmatched focus on tenant service,” said Sandy Monaghan, SVP, director of asset management at Signature Acquisitions. “Our success is driven by providing not just exceptional workspaces for our tenants, but by delivering superior value. This operating philosophy continues to draw smart, forward-thinking tenants to our portfolio of strategically located class A office buildings.”

Signature Acquisitions experienced strong activity across its expansive Clark and Cranford portfolio, which saw two new leases, along with three lease renewal/expansions and three lease renewals. At 100 Walnut Ave. in Clark, All-Ways Forwarding, an international transportation logistics company, inked a new 17,386 s/f lease to serve as their new corporate headquarters. Also joining Signature Acquisitions with a new lease in their Clark and Cranford office portfolio is COS Phones which leased space at 6 Commerce Dr.

At 25 Commerce Dr. in Cranford, Signature Acquisitions negotiated a 6,267 s/f lease renewal and expansion for Electrical Consultants, Inc. Signature prides itself on working with its tenants to best accommodate their specific office space needs, as evidenced by two lease expansions in Signature’s Clark/Cranford portfolio. Bayada Health, an international healthcare staffing company, expanded their space at 11 Commerce Dr. while US Electric expanded at 20 Commerce Dr.

Lease renewals in Signature’s Clark/Cranford portfolio included Suvip Solutions, an IT provider, who renewed their lease at 11 Commerce Dr. At 14 Commerce Dr., technical staffing company L.J. Gonzer and Elvy Developers renewed their leases.

Conveniently located at Exit 135 and 136 of the Garden State Parkway, Signature Acquisitions’ Clark/Cranford portfolio is just 25 miles from Midtown Manhattan and provides an ideal business environment in the heart of Union County. The class A office properties offer convenient access to several nearby major highways, Newark Liberty International Airport and the strategic Port of Newark and Elizabeth, in addition to a wealth of nearby amenities.

At 100 Matawan Rd. in Matawan, Signature Acquisitions completed a new 5,972 s/f lease with Insurance Auto Auctions, an automobile auction service. The property features an impressive four-story, 133,000 s/f Class-A office building strategically situated on the border of Middlesex and Monmouth Counties directly off the Garden State Pkwy. at Exit 120. The building’s superior location is just minutes from the Aberdeen-Matawan train station.

Beyond New Jersey, the firm signed a new lease with Long Island’s premier heavy civil construction contractor, Posillico, Inc. at 888 Veterans Memorial Highway in Hauppauge, NY, part of a three-building, 270,000 s/f office campus located in Suffolk County. The buildings’ striking, iconic architecture and unparalleled executive-level amenities make it one of Long Island’s premier office campuses.