The Largest office lease of 2017

April 24, 2018

 Newmark Knight Frank
800 & 802 Delaware Avenue    

Wilmington, DE

Size: 240,000 SF + 90,000 SF (330,000 SF Total)
Brokers: Neal Dangello, Wills Elliman, Jeff Mack and Brett DiClemente
NKF represented the landlord, Equity Commonwealth on the new 240,000 SF lease at Capital One’s existing location at 802 Delaware Avenue. Simultaneously, Capital One inked a new lease for 90,000 SF at 800 Delaware Avenue.  The combined lease transactions met Capital One’s needs for occupancy with adjacent buildings and reaffirmed their commitment to having a location in the Central Business District of Wilmington, DE.

 

 

 Newark CEDC
2 Gateway Center City
Newark, NJ

Size: 160,000 SF
Broker: Dudley Ryan 
This lease relocates Broadridge Financial and its 1,100 associates from Jersey City to Newark, NJ.  The new home for the Global Tech and Innovations division of Broadridge, C&K Properties’ 2 Gateway Center, is the first building in the state to achieve a Wire Platinum certification from WiredScore. 2 Gateway was also the first building in Newark to participate in the Newark Fiber program, which included fiber-optic internet service at a 10-gigabit connection. 

 

 

 NAI SUMMIT
1550 Pond Road
Allentown PA

Size: 44,023 SF
Brokers: Lease renewal and expansion at Class A Office Building to Paychex
Located in a business park setting right off Route 22 and Cedar Crest Boulevard, 1550 Pond Road in Allentown, PA is a 145,000 SF three-story, Class A office complex. The location offers easy access to Routes 22 and 309 as well the PA Turnpike 476. With ample parking, including a garage and parking deck, the building provides underground power and data feeds and multiple corporate tenants. 
One of the best perks to this location is the large variety of area amenities nearby including Target, Weis, Subway, Wine & Spirits, FedEx, Rite Aid, Applebee’s and much more. The long-term lease transaction with the internationally known company, Paychex, included a renewal and expansion of their current space in the building in which they will now occupy 40,000 SF.  

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