B — May 10 - 23, 2013 — New Jersey — Mid Atlantic Real Estate Journal
N ew J ersey
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EWARK, NJ — A series of four recent leases at The Berger Hopkins Sampson & Brown’s Bryant serves as tenant broker Leases bringBerger’sMilitary Park to full occupancy N
Featuring Newark and Surrounding Areas. June - 14 Northern NJ
(A.M.E.) Office of Ecumenical and Urban Affairs leased 1,000 s/f at the Military Park Build- ing; AlDon Bryant of Hop- kins Sampson&Brown Real Estate Advisory Services, LLC served as tenant broker. The office represents theA.M.E Church in the World Council of Churches, the National Coun- cil of Churches and the Pan- Methodist Commission. It also speaks for the church on social action issues and also endorses its chaplains worldwide. Other new tenants include real estate firmMB Properties, which committed to 600 s/f, and Sunsoft Services, an IT consult- ing and strategic outsourcing firm, which took 525 s/f. “The Military Park Build- ing’s full occupancy milestone speaks to the overall progress being felt in the City of New- ark,” Berger noted. “Tenant activity here and at our other Newark office properties, new corporate development, local hotel construction, and the con- tinued evolution of Newark’s cultural and entertainment scene are creating a notable momentum.” Tenants at the 21-story office tower enjoy on-site parking, a fitness center, conference fa- cilities, and onsite ownership and management. The Military Park Building offers command- ing views of the surrounding city, New York skyline and Military Park, where a multi- million-dollar renovation is set to launch this spring. The prop- erty is proximate to Newark Liberty International Airport and major thoroughfares. It is within walking distance to the New Jersey Performing Arts Center and Penn Station, which provides 20-minute NJ Transit and PATH service to midtown and downtown Manhattan. n Morristown,NJ — G.S. Wilcox & Co. announced that the firm closed $17.6 million in mortgage financing. David Fryer , principal, assisted in arranging a $5.1 million loan for a 78,525 s/f Shop Rite and a $10 million loan on a 410 unit apartment project. The team of Gretchen Wilcox , president and Al Raymond , principal arranged $2.5 mil- lion in financing with a local Bank on a 74,000 s/f single tenanted industrial building in Teterboro. n G.S. Wilcox & Co. closes $17,600,000
Organization’s Military Park Building, 60 Park Place has brought the 250,000 s/f, 88- year-old historic landmark of- fice property to full occupancy. Berger’s in-house team, headed by vice president Brendan Berger , negotiated the latest transactions. Newark Mentoring Move- ment, a newly established coalition of youth mentoring programs, leased 1,200 s/f at the Military Park Building. Additionally, the African Methodist Episcopal Church
July - 12 Southern NJ Featuring Atlantic City Surrounding Areas.
August - 16 Central NJ Featuring Trenton and Surrounding Areas.
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60 Park Place
The Berger Organization
Military Park Building
Robert Treat Center
The Fireman’s Insurance Building
Providing Premier Office Space in Newark’s Finest Business Districts
Newark is poised to experience unprecedented growth and renewal, as evidenced by a marked increase in tenant commitments and the wealth of new projects planned or underway in this vital, vibrant city. The Berger Organization continues to play a key role in supporting Newark’s progress and enhancing its position as New Jersey’s destination of choice for businesses, today and into the future.
Berger Organization www.bergerorg.com
For more information contact: Brendan Berger at 973-623-3300 • firstname.lastname@example.org
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