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Friedland Law Leases 5,422 SF Office In River Edge New Jersey With Rep James Peko

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LEASED
$25

New Jersey

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Office5,422 SF
Leased 06/17/2025
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LEASED

Friedland Law Leases 5,422 SF Office In River Edge New Jersey With Rep James Peko

70 Grand Avenue

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Office5,422 SF
Leased 06/17/2025
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Summary

NEW JERSEY
Asset Type:Office
Price Per Square Foot:$25
Total Square Footage:5,422 SF
Transaction Type:Lease

The property involved in this transaction is an office space located at 70 Grand Avenue in River Edge. It encompasses a total square footage of 5,422 and has been leased under a Modified Gross Lease agreement. The lease term established for this property is set at 7 years.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 70 Grand Avenue
  • Market: River Edge
  • Square Footage: 5,422
  • Tenant: Lee Friedland - Friedland Law
  • Landlord's Representative: Andrew Somple - NAI James E. Hanson
  • Tenant's Representative: James Peko - Christie's International Real Estate
  • Lease Term: 7 years
  • Lease Type: Modified Gross Lease

Friedland Law, represented by James Peko, has expanded its operations by opening a new office in New Jersey, which marks the fifth location following existing offices in Fort Lauderdale, New York City, West Palm Beach, and Jacksonville. This expansion demonstrates the firm's commitment to increasing its presence in the Northern New Jersey market, benefiting from the strategic location of the leased property.

Players

Andrew Somple
12 deals$60.3M volume
BROKER


Christie's International Real Estate
BROKERAGE

Details

LEASED
IMAGE: James Peko & Andrew Somple DATE: 06/17/2025 ADDRESS: 70 Grand Avenue MARKET: River Edge ASSET TYPE: Office ~ SF: 5,422 TENANT: Lee Friedland - Friedland Law LANDLORD'S REP: Andrew Somple - NAI James E. Hanson (@Nai_Hanson) TENANT'S REP: James Peko (@JamesPekoo) - Christie's International Real Estate (@ChristiesRealEstate) LEASE TERM: 7 LEASE TYPE: Modified Gross Lease NOTE FROM TENANT'S REP: Friedland Law with headquarters located in Fort Lauderdale, Florida, has expanded its presence with offices in New York City, West Palm Beach, and Jacksonville. Now, Friedland Law is proud to announce the opening of its fifth office in New Jersey, extending its reach in the Northern New Jersey market.

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Deal Type
Effective Rent (Annual)

$155,392.88

Total Lease Value

$1,553,928.84

Net Landlord Cash Flow$155,392.88