Denholtz Associates Inks Lease Renewal with The Lawbook Exchange at Clark Commercial Center11.30.2017
Clark, N.J. (November 28, 2017) – Denholtz Associates announced that The Lawbook Exchange has signed a lease renewal for 11,700 square feet of office space at 33 Terminal Avenue at the Clark Commercial Center, a 21-acre mixed-use site located at Central Avenue and Terminal Avenue in Clark, N.J.
Since 1983, The Lawbook Exchange is a leading purveyor of antiquarian and scholarly books, manuscripts, artwork, ephemera, and current materials for thousands of legal practitioners. The Lawbook Exchange also publishes original books and reprints of significant titles. They have been a tenant at the Clark Commercial Center for over 15 years.
Denholtz Associates’ Clark Commercial Center portfolio consisting of 10 commercial buildings totaling 283,201 square feet and one unimproved parcel that Denholtz is currently developing as a retail building. The Clark Commercial Center boasts a wide range of tenants including L’Oreal, one of the largest cosmetics companies in the world, leasing over 190,000 square feet of the portfolio to house its North American research and development facility. Other major tenants include New York Community Bank, Retro Fitness and KinderCare. Located just off Exit 135 of the Garden State Parkway between Central and Rahway Avenue, the site offers easy access to I-78 and the New Jersey Turnpike. The facility is within a short distance of restaurants, banks, hotels and other suburban conveniences.
“Following our acquisition of this space, our strategy was to stabilize the asset through securing high-quality and established tenants that would provide stable and reliable returns on our investment,” said Kristine B. Hurlbut, Senior Vice President of Leasing at Denholtz Associates. “We have been able to execute this strategy through leveraging our full-suite of in-house capabilities which enables us to deliver superior tenant service to each tenant at the property and create an in-demand location for companies seeking a new home. The renewal with The Lawbook Exchange further exemplifies our commitment to our multi-tenant diversification strategy which allows us to achieve superior, risk adjusted returns throughout our portfolio.”