6B — October 30 - November 12, 2015 — Owners, Developers & Managers — M id A tlantic

Real Estate Journal


O wners , D evelopers &M anagers 5 Becker Farm Rd. is located within 280 Corporate Ctr. Accordia tomanage 118,139 s/f office bldg. in Roseland, NJ

Mid Atlantic R EAL E STATE J OURNAL is published to serve all companies and individuals in the commercial real estate industry. Whether you are a company looking for space or seeking to dispose of or acquire, build or design property, look to the Mid Atlantic Real Estate Journal first! Call 1-800-584-1062/781-871-5298

OSELAND, NJ – Ac- cordia Realty Ven- tures (Accordia) has been selected to manage and oversee the extensive reposi- tioning of 5 Becker Farm Rd. in Roseland. “We’re excited to be working with old friends whose vision for the property we respect immensely,” said Accordia’s principal Joe Romano . “With its excellent location, it’s no surprise this class A building has seen extraordinary mar- ket activity recently.” The 118,139 s/f office build- ing is located on 8.5 acres R

Adjacent to quality “bed- room communities” that pro- vide direct access to the four- way cloverleaf interchange at I-280 and Livingston Ave., and with excellent access to New York City and Newark Liberty International Airport, convenience is perhaps the property’s best feature. Accordia is currently meet- ing with architects and con- tractors to finalize plans for a multi-million dollar capital improvement campaign. The Fairfield-based firm will up- date the lobby, common areas and elevators and repave the parking lot. The owner of the property, San Francisco-based Soma Capital Partners , is well acquainted with Accordia, having partnered with the firm on multiple projects over the last several years. “We have had a longstand- ing relationship with Soma Capital and look forward to an- other opportunity to work with them,” said Jason Bogart , a principal with Accordia. n Akridge to rede- velop Sixteenth Street Properties WASHINGTON, DC — Akridge announced purchase agreements with the American Beverage Association and the American Association of Uni- versity Women that will allow it to redevelop 1101 and 1111 Sixteenth St., NW. Akridge and partner, Stars Investments , will renovate the two buildings into one, freestanding, 100,000 s/f trophy-class office building. The new property will include a fitness center, rooftop terrace, and ample parking. “The success of our recent redevelopment at 1200 Sev- enteenth Street has demon- strated the strong demand for high quality and efficient office space. We believe redevelop- ing 1101 and 1111 Sixteenth Street into a freestanding, trophy office building will re- spond to the demand for qual- ity product,” said Matt Klein , president of Akridge.” The Cushman & Wake- field team of Eric Berkman , Steve Gichner , and John Boland brokered the transac- tion on behalf of the American Beverage Association and the American Association of University Women. The new 1101 Sixteenth St. building will deliver in 2017. n

within 280 Corporate Center. Consisting of four floors, the building features an onsite, full-service cafeteria; build- ing security; daycare center; ample parking; and bus ser- vice to Newark and surround- ing areas. 5 Becker Farm Rd.

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