facebook

traded

+ Submit
Home

/

Deals

/

New Jersey

/

Office

/

Lease

/

500 Plaza Drive

Signature Acquisitions Leases 145,000 Square Feet To Quest Diagnostics And Others In Secaucus
LEASEDOffice

Signature Acquisitions Leases 145,000 Square Feet To Quest Diagnostics And Others In Secaucus

500 Plaza Drive

Building Size

145,000 SF

Asset Type

Office

Closing

Apr 23, 2026

AI

The office asset located at 500 Plaza Drive in Secaucus comprises 145,000 square feet of space. This property is situated in a market that is currently experiencing a rise in demand for suburban offices near Manhattan.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Square Footage: 145,000 SF
  • Address: 500 Plaza Drive
  • Market: Secaucus
  • Landlord: Abe Brach - Signature Acquisitions
  • Tenant: Quest Diagnostics, Retarus, New Jersey Education Association
  • Landlord's Representative: David Stifelman & Tim Greiner - JLL
  • Tenant's Representative: CBRE, Cushman & Wakefield & Newmark

Signature Acquisitions completed this leasing transaction in Q1 2026, resulting in an increase in occupancy above 75% at the 465,000-square-foot building. Key elements of this transaction include a significant 131,000-square-foot renewal by Quest Diagnostics alongside new leases with both Retarus and the New Jersey Education Association.

Players

Tim Greiner

JLL

Broker

6 deals

Broker
CBRE
CBREBrokerage
Newmark
NewmarkBrokerage

Abe Brach

Signature Acquisitions

Landlord

$17M

vol

2 deals

Landlord
R
RetarusTenant

Secaucus Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93