20 Commerce Drive, located in Cranford, NJ, is a fully-amenitized Class-A building comprising 34,373 square feet. The property features direct access to the Garden State Parkway and is part of the Cranford market. Signature Acquisitions purchased this building in a portfolio from Mack-Cali in 2017 and is currently modernizing the facility.

Summary of transaction details:

• Property Type: Lease
• Transaction Amount: Not specified
• Address: 20 Commerce Dr, Cranford, NJ, 07016
• Square Feet: 34,373
• Tenant: Lerner David
• Landlord: Signature Acquisitions
• Tenant's Representatives: Dan Reider, David Simson (Newmark Knight Frank)
• Landlord's Representatives: Joseph Sarno (CBRE), Eric Zabarkus
• Lease Term: In excess of 10 years

Lerner David is relocating its headquarters to this new address from Westfield, where it had been established for nearly its entire 50-year history. In this transaction, Lerner David was represented by David Simson, Vice Chairman, and Dan Reider, Associate Director, from Newmark Knight Frank's Rutherford, New Jersey office, along with Michael Jones of Cole Schotz.