JLL inks 2 tenants for Montvale's Offices at North Market

Jessica Perry//November 5, 2021//

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An office property that completed construction in Montvale earlier this year is seeing record leasing with two more tenants signing on.

On Friday, JLL announced it completed two leases totaling 12,519 square feet at The S. Hekemian Group-owned Offices at North Market, a part of the North Market district in Montvale.

According to JLL, just under 8,000 square feet of available space remains at the property located at 200 Market St.–with a pending lease that would drop that number to just over 5,000 square feet.

JLL Executive Managing Director Frank Recine represented The S. Hekemian Group in both transactions, which bring global skincare and makeup brand TaikiUSA and financial advisor Janney Montgomery Scott to the four-story, 52,025-square-foot Workplace North Market building.

The Workplace North Market ribbon-cutting ceremony in May 2021. From left, Montvale Council members Annmarie Russo-Vogelsang and Dieter Koelling; The S.Hekemian Group Vice President, Business and Legal Affairs/General Counsel Douglas Cohen; Beattie Padovano LLC member Martin Kafafian; The S.Hekemian Group Senior Managing Director Peter Hekemian; Montvale Mayor Michael Ghassali; Montvale Planning Board Chairman John DePinto; and Beattie Padovano LLC member Antimo Del Vecchio. - S. HEKEMIAN GROUP — The Workplace North Market ribbon-cutting ceremony in May 2021. From left, Montvale Council members Annmarie Russo-Vogelsang and Dieter Koelling; The S. Hekemian Group Vice President, Business and Legal Affairs/General Counsel Douglas Cohen; Beattie Padovano LLC member Martin Kafafian; The S.Hekemian Group Senior Managing Director Peter Hekemian; Montvale Mayor Michael Ghassali; Montvale Planning Board Chairman John DePinto; and Beattie Padovano LLC member Antimo Del Vecchio. – S. HEKEMIAN GROUP

“With one additional pending lease, Workforce North Market will be at a fantastic 88% leased.  To be in this position coming out of COVID, is a testament to the hard work done by JLL team, the uniqueness of the building offering, and the energy of the expanding neighborhood that is literally coming out of the ground day by day,” said Peter Hekemian of S. Hekemian Group. “We’re very excited to have a number of significant, high-profile leases in the works, to be announced soon.  The momentum is now feeding on itself exponentially.”

Represented by Corporate Real Estate Services’ Garret Rioux, TaikiUSA signed a long-term lease for 6,699 square feet on the third floor. Janney Montgomery Scott was represented by JLL’s Christopher DeLorenzo in its long-term agreement for 5,820 square feet on the second floor.

Workplace North Market is the flagship building at the six-building North Market mixed-use destination. It features 41,025 square feet of office space with 11,000 square feet of ground-floor retail.