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PNC Bank Signs Long-Term Lease Extension with Upgrades By Betsy Kraat

EAST BRUNSWICK--Newmark Knight Frank represented PNC Bank in a 131,363 square-foot-lease extension at Tower Center II in East Brunswick.

The new lease includes the exchange of two floors and remodeling of the current layout for increased efficiency.

David Simson, vice chairman/COO of Newmark Knight Frank’s New Jersey operations, exclusively represented the tenant in this transaction. “We are delighted with the outcome of these negotiations and discussions on behalf of PNC. It was an opportune time to upgrade the space, allowing PNC to enhance its corporate image for years to come,” noted Simson.

PNC is one of the leading financial institutions throughout the country. For more than 150 years, PNC has been committed to providing its clients with service and powerful financial expertise to help them meet their goals.

Tower Center is a 25-acre complex containing two office towers and the luxury 405-room Brunswick Hilton Hotel and Conference Center. Airports in New York, Newark and Philadelphia are within easy reach, and a mass transit center is conveniently available at the site.

The 24-story, 424,946 square-foot Tower Center II building is located on a four-way interchange of exit 9 of the New Jersey Turnpike in East Brunswick.

The ownership, a major pension fund with an asset management team advised by Sentinel, was represented by Jeremy Neuer, senior vice president, and Joseph Sarno, executive vice president, of CB Richard Ellis.

PNC Bank Signs Long-Term Lease Extension with Upgrades By Betsy Kraat

EAST BRUNSWICK--Newmark Knight Frank represented PNC Bank in a 131,363 square-foot-lease extension at Tower Center II in East Brunswick.

The new lease includes the exchange of two floors and remodeling of the current layout for increased efficiency.

David Simson, vice chairman/COO of Newmark Knight Frank’s New Jersey operations, exclusively represented the tenant in this transaction. “We are delighted with the outcome of these negotiations and discussions on behalf of PNC. It was an opportune time to upgrade the space, allowing PNC to enhance its corporate image for years to come,” noted Simson.

PNC is one of the leading financial institutions throughout the country. For more than 150 years, PNC has been committed to providing its clients with service and powerful financial expertise to help them meet their goals.

Tower Center is a 25-acre complex containing two office towers and the luxury 405-room Brunswick Hilton Hotel and Conference Center. Airports in New York, Newark and Philadelphia are within easy reach, and a mass transit center is conveniently available at the site.

The 24-story, 424,946 square-foot Tower Center II building is located on a four-way interchange of exit 9 of the New Jersey Turnpike in East Brunswick.

The ownership, a major pension fund with an asset management team advised by Sentinel, was represented by Jeremy Neuer, senior vice president, and Joseph Sarno, executive vice president, of CB Richard Ellis.

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