Orchard Yarn & Thread Co. Inc. subleased approximately 13,000 square feet of office space at the Meadowlands Corporate Center in Lyndhurst, JLL announced June 13.
The company is expanding its operations, relocating from Moonachie to 125 Chubb Road—a five-story, 278,456-square-foot, Class A office building. The property, owned by Alexander Property Holdings, was built in 1984 and is part of the Meadowlands Corporate Center.
“As the pandemic continues to drive a change in work patterns, it has been a pleasure to work with two companies ready to embrace the new normal with agility and an eye toward providing their employees amenity-rich environments that serve as a central hub that inspires productivity and collaboration,” said Executive Managing Director Frank Recine in a statement, who represented the sublandlord in the agreement along with Associate Vice President Nicolas DeCotiis. The sublessor was represented by Executive Managing Director Tim Greiner, Senior Managing Director David Stifelman and Associate Candy Brown.
According to JLL, 125 Chubb Road’s recent renovations include a new food service and fitness center. The property also features a full-height glass atrium with glass elevators and a travertine marble façade. Multiple corporate clients operate at the property, JLL said, which offers easy access to Routes 3 and 17, the New Jersey Turnpike, and New York City via the nearby Lincoln Tunnel.
The firm said the agreement coincides with a decrease in the state’s supply of sublease space, which hit a pandemic-era high of 6.8 million square feet in 2021. As infection rates of COVID-19 continue to decline, JLL predicts in its First Quarter Office Insight report that more companies will move forward with long-term workplace strategies this year, with a focus on employee wellness expected to lead to an increased demand for office space at newly constructed or renovated buildings. Just last week, the firm was tapped to lease The Collection at Short Hills from The Birch Group—a property that recently saw $15.2 million in completed renovations by previous ownership, and is set to see another $10 million in updates by the new owners.