Overlook Corporate Center in Little Falls has secured two deals covering a total of 32,015 square feet.
Theta Holding Co. LLP and JLL announced on December 14 that they have completed two office leases at the property at 150 Clove Road. This includes the relocation of PNC Bank’s headquarters office.
The financial services provider signed an 11-year deal for the 26,117 square feet across 10 floors, moving from 1 Garrett Mountain Plaza in Woodland Park, according to the announcement. Meanwhile, independent actuarial and consulting firm Milliman said he’s been updating the Overlook Corporate Center for 10 years, reconfiguring the space to occupy his 5,898 square feet on his eighth floor of the building.
The landlords were represented by JLL’s agency team, led by Executive Director Frank Lecine, Senior Vice President Derek Demartino and Associate Vice President Nicholas Decotis. The company was used to lease his property in 2018. Milliman was represented by JLL Senior Vice President Brendan McBride, Vice President Matthew Laurin and Sherin His Knuckle.
The Overlook Corporate Center at 150 Clove Road in Little Falls. – Avison Young
Located on 18 acres at the intersection of three major thoroughfares, Theta Holding has completed a multi-million relocation of two towers connected by the Overlook Corporate Center. The 11-story Main Tower and 3-story Convention Center feature a state-of-the-art lobby, cafeteria, executive conference rooms, fitness center, outdoor terrace, covered parking, Wi-Fi access, and on-site ownership and management. I have.
Montclair State University Station and other public transportation options are within walking distance, and free shuttle service is available to tenants.
PNC is the latest high-profile tenant to sign on to the Overlook Corporate Center following the summer’s announcement that law firm Scullynch Hollenbeck will move out of Lyndhurst.
After the pandemic has made working from home a reality, employers are looking for ways to encourage workers to return to the office. Citing a recent study conducted by JLL, we found that those efforts included searching for top-notch spaces. Over the past year, 65% of New Jersey office leases over 50,000 square feet were concentrated in what are considered “premier” class buildings. Overlooking the corporate center.
JLL added that vacancies in the sector are shrinking, while vacancies are also rising in the ‘regular’ Class A market.
“We are seeing strong leasing momentum at the Overlook Corporate Center due to hands-on management and the high tenant experience the property offers,” said Recine. “At a time when many businesses are reassessing their office needs as market polarization continues to drive a flight to quality, this property will be well positioned to meet continued demand for top quality products. is well positioned for
