Hutchinson Metro Center negotiates five new leases totaling 16,058 s/f; Kelleher is executive director of leasing and property management
The Hutchinson Metro Center office complex has signed five new leases totaling 16,058 s/f of class A office space.
The law firm of William A. Gallina, PPLC, signed a 10-year lease for 5,179 s/f on the seventh floor of the Tower One office building at 1250 Waters Place. The broker representing the tenant was Newmark Knight Frank. In another transaction at 1250 Waters Place, the law offices of Richard L. Geller, PC and The W.A.D. Group signed a 10-year lease for 4,055 s/f on the seventh floor.
In other leases at the Hutchinson Metro Center, Aging in America-Morningside House Nursing Home is leasing 3,000 s/f of office space at 1200 Waters Place. Denham Wolf Real Estate Services represented the tenant. Also signing leases at 1200 Waters Place are two engineering companies: EIC Associates, Inc., which leased 2,500 s/f and C.A.C. Industries, Inc, which leased 1,324 s/f.
Joseph Kelleher is the executive director of leasing and property management for Hutchinson Metro Center. The property was developed by Simone Development.
The new leases build on strong leasing activity at the office complex which recently announced transactions totaling 25,000 s/f of medical office space. And in September, the Hutchinson Metro Center announced that the U.S. General Services Administration (GSA) has signed a long-term lease for approximately 20,000 s/f for a New York Field Office of the Bureau of Alcohol Tobacco and Firearms (ATF).
Moorestown, NJ Brennan Investment Group (Brennan) completed the recapitalization of two portfolios containing 22 buildings and totaling 1,176,122 s/f in Moorestown, and Nashville. Notably, the transaction marks Brennan’s third
Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking