Corrections or additions?
This article was prepared for the April 17, 2002 edition of
U.S. 1 Newspaper. All rights reserved.
Between the Lines
Twice yearly, when we track commercial space available,
we try to provide a window onto the world of commercial real estate,
with all its jargon: net rent, gross rent, shell, relet, sublet, and
workletters. For business owners and would-be entrepreneurs, the
are a way of judging whether the grass is really greener in the
office park. How much are those people paying and what are they
For the rest of us, there is a certain voyeuristic satisfaction in
seeing what’s out there. After all, some of us spend more waking hours
at our office than at our home.
Turn to page 11 to see for yourself what’s out there. About those
terms: Gross rent usually means everything is included except your
own utilities. Net rent means you pay the extras — taxes,
etc. Shell space has never been occupied. Example: Alexander Commons
at 693 Alexander, across from the Hyatt. Relet space means a company
moved out at the end of the lease, and if you are moving in you can
get a workletter, a landlord’s promise to refit the space for your
needs. Sublet space means a company downsized or moved out with time
remaining on the lease. Example: all the buildings on our cover. This
year that’s our story.
The relatively large number of available space listings in this issue
(compared to real estate sections printed during boom times) took
up the lion’s share of our editorial space. As we were going to press
several news stories broke that will get treatment in future issues:
in Suite E-10 at 29 Emmons Drive. His company, Super B Telecom Inc.,
had moved there in October, 2001, and his business card read
and international service provider for prepaid calling cards."
He was last seen alive by one of his associates on Saturday, April
13, at 9 p.m. He was found with two gunshot wounds in the head.
have often been chronicled in our Preview section, became the latest
institution (after the Catholic Church) to be accused of accommodating
child sex abusers on its staff. The allegations were detailed in a
lengthy article in the New York Times this Tuesday, April 16. The
allegations involve incidents from the 1960s through the early 1980s
and the Boychoir, we suspect, will have some response with respect
to what it is doing now to protect its students.
old hotel in Trenton, regarding last week’s cover story on the new
Marriott Hotel and Conference Center. Our article had said that one
reason that the old hotel had failed was that — in comparison
to the new Marriott — it was not a conference center but rather
was "all rooms."
The former owner, Ned Tatler, said the old hotel had conference rooms,
plus a swimming pool, a lounge, a cafe, and even a revolving
on the 16th floor. But "we got absolutely no support from the
city," says Tatler.
Just how the new hotel varies from the old will be the subject of
additional reporting. One thing is for sure, as our article stated:
This time around the hotel is getting total support from the city.
Corrections or additions?
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