SUMMIT—Callan Associates has signed a lease for 5,500 sq. ft. at Summit Executive Center. When completed, Summit Executive Center will feature 65,000 sq. ft. of class-A office space in the downtown central business district. With this transaction, the property is now 80 percent leased.
Callan Associates, an investment consulting firm, will relocate from Florham Park. Headquartered in San Francisco, the firm provides research, education, decision support and advice to a broad array of institutional investors.
Bill Brown and Ben Brenner of Cushman & Wakefield represented the tenant, while CBRE executive vice president Jeffrey L. Heller, SIOR, represented the ownership in the transaction.
The site’s redevelopment consists of the renovation and redesign of an existing four-story, 40,000-sq.-ft. office building along with the construction of a 25,000-sq.-ft. addition and a two-level, 200-car parking structure. Ownership will pursue LEED certification for the property.