EisnerAmper consolidating four N.J. offices, creating jobs in Metropark
Accounting firm EisnerAmper is planning to consolidate most of its New Jersey operations in Woodbridge, helping fill out one of the newest class A office buildings on the market, according to state officials and brokers involved with the deal.
The company, one of the state's largest CPA firms, was awarded an incentive package last month that would allow it to combine four offices and create 100 new jobs here, according to the Economic Development Authority. Over the next two years, the firm has leases expiring at locations in Edison, Bridgewater, Hackensack and Wall.
EisnerAmper recently signed an 87,000-square-foot lease at MetroTop Plaza II, a new 10-story office tower in the Iselin section of Woodbridge, according to Cushman & Wakefield, which brokered the deal for the landlord. The company will be one of two tenants to have their names mounted on the side of the building, which is the tallest in the Metropark office complex and is visible from the Garden State Parkway.
"In today's economy, when people are concerned about cost per feet, when you're in a very efficient building you're able to reduce that cost per head count," said Paul Giannone, one of three Cushman & Wakefield brokers involved in the deal.
EisnerAmper could not be reached for comment for this story. The firm, which has about 415 New Jersey employees, had considered moving about 255 of them to Pennsylvania and its New York headquarters, according to an EDA board memo. But the firm was awarded a roughly $1.1 million Business Retention and Relocation Assistance Grant to keep the workers here, along with a $1.8 million Business Employment Incentive Program to hire 100 new employees.
MetroTop Plaza II, owned by Atlantic Realty and Development Corp., has leased 177,000 of its 255,000 square feet of space since opening late last year, Cushman & Wakefield said.
"Eisner did have a Middlesex County office," Giannone said. "But most of the tenants have come out of Middlesex County, either to consolidate multiple offices and get to a central location, or take advantage of the mass transportation."
The building is within walking distance of the Metropark rail station, and includes amenities like a 10,000-square-foot activity center for tenants. Giannone, whose brokerage team includes Kevin Carton and Eric Sobel, said he expects the remaining space to be leased in the near future.