2B — August 20 - September 16, 2021 — New Jersey — M id A tlantic Real Estate Journal


N ew J ersey

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Chiesa, Shahinian and Giantomasi PC rep. Bergman Bergman acquires 7 Giralda Farms office bldg. inMadison


ADISON, NJ — Be rgman Rea l Estate Group an-

nounced the acquisition of 7 Giralda Farms in Madison, a three-story, class A office building comprising 236,800 s/f across 20 acres of meticu- lously landscaped grounds. The acquisition is a joint venture between Bergman and Eightfold Capital . The part- nership acquired the building from Mack-Cali , making this Bergman’s fourth acquisition from the commercial REIT. Bergman was represented by Mitchell Berkey and Joseph Zawila of the law firm Chiesa, Shahinian and Giantomasi PC (CSG) . Acquisition financing made by Scott Goldberg of Shem Creek Capital was arranged by JLL’s New Jersey Capi- tal Markets team of Michael Klein, Greg Nalbandian and Gerald Quinn . Developed in 2000, 7 Giral- da Farms is one of seven buildings within the 1.15 million s/f Giralda Farms Corporate Campus, a gated 310-acre office campus set on the former Geraldine Rock- efeller Dodge Estate. “We are very excited about this newest addition to our portfol io, ” said Michael Bergman , president and

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7 Giralda Farms

CEO of Bergman Real Estate Group. “7 Giralda is a quality asset situated in one of the most beautiful office settings you will find in all of New Jer- sey. What we really like are the flexible floor plates that can accommodate large users as well as smaller to medium tenants, making this one of the first true multi-tenanted buildings within the Giralda Farms campus.” Bergman has plans to fur- ther improve the building through a $3.6 million capital improvement program to up- grade all common areas, in- cluding the lobbies, restrooms, café and fitness center, as well as to bring new amenities to the property. These include: 1) an executive lounge with com- fortable seating, collaboration and entertainment areas; 2) a

state-of-the art conference and training center; 3) coworking offices; 4) hospitality-style outdoor seating areas; and 5) outdoor recreational facili- ties such as Bergman’s Bike Share program and other fun and healthy activities for employees to take advantage of the great outdoor spaces at 7 Giralda. “As the office market con- tinues to improve with compa- nies and their employees re- turning to the workplace, we believe 7 Giralda Farms offers one of the best amenity-rich, scenic office environments in all of New Jersey,” said Berg- man. “7 Giralda truly exem- plifies the best of quality for corporations looking for the ideal work-play balance for the health and well-being of their employees.” MAREJ

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