12B — March 14 - 27, 2014 — New Jersey — Mid Atlantic Real Estate Journal
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N orthern N ew J ersey Cushman & Wakefield and CBRE represent tenants Newmark Grubb Knight Frank represents The ANDALEX Group in 100,000 s/f lease NGLEWOODCLIFFS, N J — N e w m a r k Grubb Knight Frank
(NGKF) , leasing agent for Sylvan Corporate Center in Englewood Cliffs, NJ, con- summated nearly 100,000 s/f in new leases, involving long-term renewals with LG Electronics USA. for 67,000 s/f, Unilever for 27,000 s/f and COFCO USA INC. for 4,000 s/f. The four-building, class A, multi-tenant corporate campus totals approximately 260,790 s/f and is owned by NewYork City-based develop- er The ANDALEX Group . NGKF executive manag- E
the highest level service to the tenants, staying ahead of their real estate needs. Ownership is proactive and dedicated to maintaining the quality asset it has developed.” WhenTheANDALEXGroup completed the construction of the campus in 2007, add- ing 930 & 940 Sylvan Ave., it marked the first new de- velopment of speculative, corporate-quality space in Englewood Cliffs in over 25 years. Adjoined by a multi- level lobby, the properties were equipped with on-site food service, covered parking and on-site management, as well as state-of-the art tele- communications and HVAC infrastructures. Sylvan Corporate Center is three miles north of the George Washington Bridge. Additionally, it is close to I-80, I-95 (New Jersey Turnpike), Routes 4, 46, 1 and 9, Garden State Parkway and directly off of the first exit on the Pali- sades Parkways. In the transactions, LG was represented by Cushman & Wakefield ’s James Frank , executive director, and Dan Johnson , director. Unilever was represented by Cushman & Wakefield executive vice president Curtis Foster and COFCO was represented by CBRE vice president Doro- thy Chuang . n MatrixDevelopment &SC&Gcompletes 73,000 s/f lease NEWARK, NJ – Matrix De- velopment Group and Sills Cummis & Gross announced the signing of a long term lease at One Riverfront Plaza, Matrix’s 18-story, class A office and retail tower, also known as the Legal Center, located in the heart of downtown Newark. “We are pleased to sign a long-term lease transaction with Sills Cummis & Gross. This commitment continues to speak volumes not only about the superior quality and ac- cessibility of this building, but also about the attractiveness of Newark for regional business interests,” said Donald Ep- stein , executive vice president at Matrix Development Group. “We’re excited to continue our relationship with Sills Cum- mis & Gross at the business address of choice for law firms in New Jersey.” n
ing director Frank D. Re- cine and managing directors Blake J. Goodman and Kenneth N. Porreca , with the firm’s Rutherford office, serve as long-term leasing agents for Sylvan Corporate Center, also home to anchor tenants Whole Foods, IBM and LG Chemical. “Ownership’s impressive occupancy rate of 98% over the years is attributable to its class A standards and hands- on management,” Recine said, noting that the availability rate in the Bergen East sub- market is at 22.7%. “The strategy has been to provide
Sylvan Corporate Center
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