Northbridge Capital Inks 21 KSF Lease in New Jersey
Casio America Inc. has signed a 21,388-square-foot lease at Northbridge Capital’s The Mark, a 237,087-square-foot office building in Rockaway, N.J.
JLL represented the landlord, while Relo Redac Inc. worked on behalf of the tenant.
Casio’s current location is at 570 Mount Pleasant Ave. in Dover, N.J., less than 1 mile south of its future office space. Move-in at The Mark is scheduled for the third quarter of this year.
The building has been under Northbridge Capital ownership since 2018 when the company acquired the asset for $13 million from Grosvenor, according to CommercialEdge information.
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New Jersey office market fundamentals were mixed, according to a recent CommercialEdge report. The metro’s listing rates were down 2.3 percent year-over-year through February. Meanwhile, vacancy inched up just 10 basis points to 18.8 percent during the same time frame, faring better than the 19.7 percent U.S. average, which saw a 180-basis-point rise. That placed New Jersey behind Manhattan (16.4 percent), but outperforming Philadelphia (20.0 percent).
The JLL team included Executive Vice President Chris Conklin, Executive Managing Director Dan Spero and Brokerage Coordinator Maria Ruberto. Relo Redac Inc.’s Naoki Yamaguchi represented Casio America.
The Mark
Located at 100 Enterprise Drive, the mid-rise is close to Interstate 80 and Route 15. The Mark is adjacent to the 1.2 million-square-foot Rockaway Townsquare. Newark Liberty International Airport is 35 miles southeast, while New York City is approximately 40 miles away.
Completed in 1991, the seven-story building underwent cosmetic renovations in 2007 and 2024. The property features floorplates averaging 37,722 square feet and 1,807 square feet of retail space. Amenities include a business lounge, multi-purpose conference facility, fitness center, as well as 1,066 parking spots.
The tenant roster features Regus, Sophea, Caring Partners of Morris & Sussex and Consolidated Chassis Management LLC, CommercialEdge shows. In the past year, Northbridge Capital has signed several leases at The Mark, including New Jersey Education Association, Polaris Pharmacy Services and Compassionate Care.
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