4B — June 9 - 22, 2017 — Central New Jersey — M id A tlantic

Real Estate Journal


N orthern N ew J ersey

12,400 s/f lease renewal at Alfred Sanzari’s Heights Plaza

a s b r o u c k Heights , NJ — Redwood Realty Ad- Specific to apartment sales Redwood Realty Advisors receivesPowerBrokerAward H

Redwood Realty was recognized as a “Power Broker” specific to apartment sales. “The Power Broker award shows how our entire team has really hit the ground running and worked together to deliver results for our clients,” said Thomas McConnell, CCIM, managing partner at Redwood Realty. The company officially launched in second quarter of 2015, making 2016 the first full year in business. Redwood Realty also was nominated for “Best Places to Work” and “Fast- est Growing Firm” in 2016 by the Mid-Atlantic Real Estate Journal . “These honors speak to

the high-caliber company we are striving to create, and we believe we are poised for an even better year ahead in 2017,” added Mc- Connell. Redwood Realty Advisors is a brokerage and advisory firm that focuses exclusively on multifam- ily assets. Our team is composed of experienced senior advisors who have proven results in the multifamily investment sector. We pride ourselves on providing our institutional and private cli- ents with our extensive industry experience, hands-on involve- ment with every transaction, market knowledge and market leading underwriting. n

visors has re- ceived a 2016 Power Broker Award from CoStar . The Co S t a r r e - search team wo rks d i l i - gently to find and verify in-

Thomas McConnell

777 Terrace Ave.

formation on commercial real estate sales, leases and listings. At the end of each year, CoStar tallies the results to determine the top brokerage firms and top individuals in each market.

at Heights Plaza in Hasb- rouck Heights. Located at 777 Terrace Ave., the class A office building is owned and managed by Alfred Sanzari Enterprises . The transaction was negotiated in-house by Stephen Jennings , Alfred Sanzari Enterprises’ vice-pres- ident of leasing and market- ing. Rémy deVarenne Jr. of CBRE represented the tenant. Headquartered in New York with 14 offices world- wide, Mediaocean has been a Heights Plaza tenant since June 2009. “We have been a tenant at Heights Plaza for seven years,” said Gordon Co- hen, Mediaocean’s executive vice president, global agency systems. “The building’s prox- imity to New York City and superior highway access, com- bined with ample on-site and neighborhood amenities, are ideally suited to our organiza- tion’s needs.” Offering 200,000 s/f of office space on six floors, Heights Plaza is located at the inter- section of I-80, Rte. 17 and Rte. 46, just minutes from the George Washington Bridge and near major highways including the New Jersey Turnpike and Garden State Parkway. Amenities include abundant covered parking, an on-site cafeteria, a security/ concierge center and Manhat- tan skyline views. Heights Plaza is located across from the Hilton Hasbrouck Heights hotel and within two miles of Teterboro Airport. “Many companies are at- tracted to Heights Plaza be- cause of its location and ame- nities, but they choose to stay and grow here in part because of our team’s dedication to providing tenants with the best possible experience,” said Jennings. “We are pleased that Mediaocean has elected to renew its commitment to Heights Plaza, and look for- ward to continuing our long- standing relationship with this successful tenant.” n

HASBROUCK HEIGHTS, NJ — Mediaocean – the lead- ing software platform provider for the advertising world – has renewed its 12,400 s/f lease

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