Lerner David, a global intellectual property boutique law firm, announced that it has executed a lease for the relocation of its headquarters to 20 Commerce Drive in Cranford. Represented by Newmark Knight Frank (NKF), Lerner David is moving its headquarters from Westfield, where the firm had been for nearly its entire 50-year history. Lerner David also has offices in Japan and China.
Lerner David’s new home, 20 Commerce Drive, is a fully-amenitized Class A building with direct access to the Garden State Parkway. Lerner David was represented by David Simson, Vice Chairman, and Dan Reider, Associate Director, in NKF’s Rutherford, New Jersey office, and Michael Jones of Cole Schotz. The new lease encompasses 34,373 square feet for a term in excess of 10 years. Landlord Signature Acquisitions had external representation from Joseph Sarno of CBRE and internal representation from Eric Zabarkus in this transaction.
“We are delighted to support Lerner David in the relocation of their firm headquarters to Cranford,” said David Simson, vice chairman of NKF. “This property was a particularly compelling option given its location and easy accessibility, combined with the modernized workspaces Signature Acquisitions has been developing at 20 Commerce Drive.”
Keith Gilman, co-managing partner of Lerner David added, “As we strive to retain current talent and attract future attorneys to grow and strengthen each of our practice areas, we are pleased to deliver the kind of workplace talent of that caliber seeks. We look forward to continuing to serve our clients in this new location.”
Signature Acquisitions purchased 20 Commerce Drive in a portfolio from Mack-Cali in 2017 and is in the process of modernizing the building, including new cafeteria space, conference centers and an on-site management office. In total, the facility consists of 186,813 square feet on four stories and is located at a four-way interchange at Exit 136 of the Garden State Parkway.
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