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Insurance agent leases at Newport Financial.

Helmsley-Spear, Inc. negotiated a three-year, 2,129-square-foot sublease for Mike Farrell & Associates, Inc., a division of Northwestern Mutual Life Insurance Co., at Newport Financial Center in Jersey City, New Jersey. The announcement was made by Helmsley - Spear Vice President Peter E. Sabesan, who represented the sublessor and sublessee in the transaction.

"Ivaran Lines, the subleasor, initially leased approximately 25,000 square feet of space including enough for future exapnsion when it moved to Newport Financial Center," Sabesan explained. "This transaction represents that space." Helmsely-Spear represents Ivaran Lines exclusively in the Metro New York area.

Elmer Maddy, senior partner of the law firm Maddy, Dalton & Lyons, represented the tenant. The building's agents were Ron Bowman and Wayne Allen.
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Title Annotation:Mike Farrell and Associates Inc.
Publication:Real Estate Weekly
Article Type:Brief Article
Date:Mar 4, 1992
Words:117
Previous Article:Michael Weissleder and Michael Trolle.
Next Article:Durst Org. signs 10 leases in January.
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