Included in the impressive total were 168,542 square-feet of new leases signed and 215,865 square feet of lease renewals at Larken’s 25-plus portfolio of commercial complexes.
Victor Kelly, a Raider Realty vice-president, was responsible for new leases signings such as No Body Denied to a 21,500 sq.-ft. lease and Stew Leonard’s to a 12,680 sq-ft. lease at Echo Shopping Center and Planet Fitness to a 20,469 sq.-ft. lease at Allentown Commons. Mr. Kelly also inked a 15,000 sq.-ft. lease renewal by Sandlot Express at Hillsborough Business Center and a 9,809 sq.-ft. lease expansion for Linde at Greenwich Commons.
Robert Marek, another Raider Realty vice president, served as the broker for a 5,272 sq.-ft. lease renewal to United Cerebral Palsy of Northern, Central and Southern New Jersey at the Williamsburg building, a 4,864 sq-.-ft renewal by Town Mills Craft Center at Hillsborough Business Center, a 2,240 condominium sale at the Courtyard at Amwell to Dr. Slotter: Foot & Ankle Center of New Jersey and new lease signings including 6,611 sq.-ft of space to Systematic Financial Associates at Branchburg Commons and a 2,089 sq-ft lease to Wash Basket Blues at Allentown Commons.
“The ability to not only execute a large number of new leases, but also renew leases for a high percentage of our current tenants is a true testament to Larken’s progressive approach and ability to draw on its history as a developer, owner and manager to ensure its broad range of commercial properties reflect market needs,” says Mr. Kelly.
“Tenants of Larken complexes benefit from key suburban locations throughout New York and New Jersey and state-of-the-art office, professional and retail suites. They also receive the high quality customer service and personal touch of one of the few family-owned-and-managed companies in the commercial industry.”
In addition to its current roster of retail, medical, professional office and industrial space, Larken continued an aggressive campaign to expand its portfolio in 2009. The Hillsborough, N.J.-based company purchased Tilghman Square, a 230,284 square-foot neighborhood-style shopping complex located at 4680 Broadway Road in Allentown, Pennsylvania late last year.
For further information on available space at one of Larken Associates’ commercial offerings, contact Victor Kelly or Robert Marek of Raider Realty at (908) 874-8686. Also, be sure to visit Larken’s web site at http://www.larkenassociates.com.
Based in Hillsborough, N.J., Larken Associates is one of the largest developers of office, professional and industrial complexes in central and western New Jersey and eastern Pennsylvania. The company currently owns and manages commercial projects totaling more than 1.5 million square feet.