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Real Estate Journal — Northern New Jersey — March 10 - 23, 2017 — 3B
M id A tlantic
Oxford & Simpson Realty Services’ Amoruso and Ciotta rep. Broadridge Financial Solutions C&K Properties leases 160,000 s/f at 2 Gateway Center in Newark
attracted a wide range of qual- ity tenants including Global Shipping Solutions and Geh- rlicher Solar America Corp. “The sale says a lot about the management and exper- tise of Tulfra and our long- standing partner, Hampshire. We were able to significantly improve the value of the as- set and sell it fully leased,” said Tulfra Real Estate presi- dent and managing member, Sonny Jumani . Totowa, NJ — Tulfra closed on the sale of a 27,000 s/f office condominium at 930 Riverview Dr., announced Sonny Jumani , president and managing member. The unit was acquired by Passaic County, a longtime tenant of the mixed-use building. The transaction, valued at $4.14 million, closed on De- cember 27, 2016. 930 Riverview Dr. is a 225,000 s/f, class A mixed-use property, known as Totowa Business Center and is owned by Tulfra Real Estate. Tom Consiglio and Greg Sabato The agreement with Broa- dridge follows a noteworthy 2016 for 2 Gateway. After making significant improve- ments to its lobby area and concourse – which is home to NJTV’s live studio, The Gateway Project art gallery, and Cotidiano café and coffee bar – C&K Properties joined the City of Newark to launch Newark Fiber. 2 Gateway became the first building to participate in the Newark Fiber program, allowing ten- ants to access commercially a world-class space only steps away from the region’s larg- est transportation hub. We’re excited to welcome one of the most highly respected finan- cial services firms in the world to the blossoming business community at 2 Gateway.”
of Resource Realty were the brokers on the transaction. The County of Passaic uses the space for its Departments of Senior Services, Disability and Veterans Affairs. Services provided include adult day care, paratransit vehicles, nutrition services. Other tenants in the build- i ng i nc l ude Eme r genc e Church, which operates a day care center as well as a sanctuary, RDD Associates Food Brokers and ADT Se- curity Service. ADT recently announced a 10-year lease extension. “The purchase makes per- fect sense for the County of Passaic,” said Jumani. “Own- ing their space vs. leasing translates into significant cost savings for the County and its taxpayers. In addi- tion, it shows their long-term commitment to provide these crucial services to county residents.” 930 RiverviewDr. was origi- nally built in 1962 and rede- veloped in 1998. n For companies such as Broa- dridge, 2 Gateway’s unique connectivity – in both its trans- portation and technological infrastructures – has proven to be a strong draw. 2 Gateway recently was the first building in the state of New Jersey to achieveWiredScore’s Platinum certification, indicating supe- rior choices when selecting an Internet service provider, full distribution of fiber connectiv- ity throughout the building, best in class infrastructure to ensure protection against service interruptions, and ad- ministrative best practices to streamline tenants’ ability to get connected. n available fiber-optic internet access, providing the region’s fastest internet speeds at the lowest cost.
resented by Dudley Ryan , senior vice president, Cheryl Hardt , first vice president, and Kadeem Goodall-Reid , associate, of CBRE’s New Jersey office. Broadridge was represented by Paul Amoru- so , managing director, and Michael Ciotta , director, of Oxford & Simpson Realty Services . “This lease represents a major milestone not just for our building, but for Newark at large, with the addition of 1,000 high-quality jobs to the market,” said Ben Korman , co-founder and principal of C&K Properties. “It’s clear that Broadridge, like so many other industry-leading multi- national companies, have rec- ognized the value in establish- ing a significant presence in
EWARK , NJ — C&K Properties an- nounced that Broad-
S pringfield, NJ — Tulfra Real Estate has closed on the sale of 21 Fadem Rd. in Springfield, to Shelbourne Global Solutions, a real estate investment firm based in Brooklyn, NY. The sale, which closed De- cember 30, 2016, is valued at $12 million. The 5.43 acre property was fully leased at the time of sale. Norman Feinstein vice chairman of TheHampshire Companies was the owner representative. 21 Fadem Road Rd. is an industrial property acquired in 2008 by Tulfra Real Es- tate, in partnership with The Hampshire Companies. The 122,677 s/f building, which was built in 1963, un- derwent an extensive renova- tion in 2009. Tulfra trans- formed the property into a desirable industrial/flex prop- erty and repositioned it for manufacturing, processing, research and development, production, fabricating, tech- nology, data recovery and light industrial. Their efforts ridge Financial Solutions, Inc. has signed a long-term lease for 160,000 s/f at 2 Gateway Center, C&K’s class A office building in the heart of down- town Newark. Broadridge, a global fintech leader, provides communica- tions, technology, managed services, data and analytics solutions to financial firms in capital markets, wealth man- agement, asset management and corporate issuers across multiple industries, will be moving one of its offices to 2 Gateway, drawn to its tech- nological connectivity and superior transportation access. Broadridge, which currently employs 10,000 associates in
2 Gateway Center
16 countries, will move 1,000 jobs to Newark, in addition to construction jobs for its new space. C&K Properties was rep-
County Of Passaic complete $4.14 million deal at 930 Riverview Dr., Totowa, New Jersey Tulfra Real Estate & The Hampshire Companies sell 122,000 s/f 21 Fadem Rd. for $12m in Rochelle Park
21 Fadem Rd.
930 Riverview Dr.
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