Unlike several North Jersey newspapers that are on the move, The Record is staying put.
North Jersey Media Group, publisher of The Record and The Herald News, has signed a long-term lease renewal for its corporate headquarters at 1 Garret Mountain Plaza in Woodland Park, the company's publisher said Thursday.
That's in contrast to the plans of The Star-Ledger and The Jersey Journal. In July, The Ledger announced that it was putting its Newark headquarters on the block and looking to lease space at a new location. Then in August, The Jersey Journal said it was moving from Journal Square in Jersey City this fall to One Harmon Plaza, Secaucus.
In an announcement to staff, NJMG Publisher Stephen Borg said the company had researched the office-space market in Bergen and Passaic counties before deciding to stay at Garret Mountain Plaza in Woodland Park.
The new lease expires at the end of October 2026, said Michael Seeve, president of Mountain Development Corp., owner of 1 Garret Mountain Plaza.
As part of the new deal, Woodland Park-based Mountain Development will be making renovations to NJMG's space, including new bathrooms and new carpeting, Borg said. The work is due to begin in mid-October and last about six months.
NJMG also will be consolidating, keeping office space on three floors instead of the current four, Borg said. NJMG has 67,000 square feet at 1 Garret Mountain Plaza now, which will be reduced to 52,000, Seeve said. NJMG was advised in the transaction by Cushman & Wakefield Inc.
NJMG has a deal pending to sell its original corporate office at 150 River St., Hackensack. The company announced it was leaving River Street in 2008 because the facility was outdated. NJMG closed the site three years later.