Larken Associates, a prominent regional leader in real estate development and management, announced today that it has surpassed one million square feet in commercial leasing transactions for 2025.
The milestone underscores the continued strength of the firm’s approximately four million-square-foot commercial portfolio, which spans office, industrial, retail, and medical properties across New Jersey and Pennsylvania.
Under the leadership of Executive Vice Presidents Victor Kelly and Rob Marek, Larken Associates completed 441 leasing transactions totaling 1,003,346 square feet.
The activity was characterized by a healthy balance of new business and high tenant loyalty:
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New leases: 116 transactions (262,559 square feet)
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Renewals: 325 transactions (740,787 square feet)
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Retention rate: 95.30%
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Year-end occupancy: 94%
Complementing its leasing success, Larken Associates has intensified its focus on the “shallow-bay” industrial market. The firm recently broke ground on Flemington Junction Business Center III in Flemington.
The new project features two buildings totaling 70,637 square feet, designed to meet the high demand for flexible warehouse and flex space. Once completed, this third phase will bring the firm’s total Flemington industrial presence to 270,000 square feet, representing a significant 25% of the company’s total industrial development over the last five years.
“2025 was another year of strong performance… marked by sustained leasing momentum, high occupancy and retention, and key project milestones,” David Gardner, president and CEO of Larken Associates said. “We are excited to carry this momentum through 2026 as we continue to grow and diversify our portfolio.”
