Advance Realty Announces Two Lease Transactions at Riverview Plaza in Trenton, N.J.
High Visibility and Accessibility Attracts Companies to Office on Delaware River Waterfront
Advance Realty, a leading Northeast U.S. owner and developer of Class A office, mixed-use and multi-family properties, today announced two lease transactions at 400 Riverview Plaza, the developer’s 30,000 square-foot, two-story office building situated along the Delaware River waterfront in Trenton, N.J.
The Times of Trenton, a daily newspaper serving Mercer County, N.J., has signed a 5,605-square-foot lease for space on the first floor of the building. The newspaper, which has been in Trenton since 1882, is relocating its main editorial and advertising staff from 500 Perry Street after a multiple-year search for new space. The move will take place in a few months after renovations are completed at Riverview Plaza. Jerry Fennelly, president of NAI Fennelly, represented Advance Realty, while Michael Pratico of Richardson Commercial represented The Times of Trenton.
Additionally, government relations and public affairs firm Public Strategies Impact recently signed a five-year, 5,435-square-foot lease renewal at the building. Advance Realty Vice President of Leasing Brian Banaszynski represented Advance in the transaction, while Greg Lezynski of UGL Equis represented the tenant.
“These two important transactions bring Riverview Plaza’s occupancy to approximately 95 percent,” Banaszynski said. “The Times of Trenton’s executives felt it was important to keep the staff based in Trenton to better serve the community, while Public Strategies Impact also found it important to remain near the state capital. Riverview Plaza provides both tenants with a highly visible and convenient location in Mercer County that meets those needs.”
Located at 509 John Fitch Way, adjacent to Mercer County Waterfront Park, Riverview Plaza is just three miles from I-95 and offers direct access to Route 29 South.
About Advance Realty
Headquartered in Bedminster, N.J., Advance Realty is an owner and developer of office, flex, industrial, retail and multifamily properties. With 4.5 million square feet of operating properties and a development portfolio consisting of 6 million square feet of commercial projects and 6,500 residential units, Advance is one of the leading real estate owners in the Northeast. For more information, call Advance Realty at (908)-719-3000 or visit www.advancerealtygroup.com