8A — February 2025 — New Jersey — M id A tlantic Real Estate Journal
www.marej.com
N ew J ersey
Accordia announces brisk leasing activity across Northern NJ
Panel topic will be “Tariffs and Taxes” IOREBA announces Annual Developer’s Night March 31st
EANECK, NJ — IO - REBA (The Indus - trial and Office Real Estate Brokers Associa - tion) will host its annual De- veloper’s Night on Monday, March 31st, from 5:00pm – 9:00pm at the Marriott at Glenpointe in Teaneck, NJ. This premier networking event brings togeth-er top real estate developers, bro- kers, and industry profession- als for an evening of in-sight and connection. T
topic will be “Tariffs and Taxes” said IOREBA presi- dent Kurt Kalafsky (Aztec Corporation) . For more information or to register, visit www.IOREBA. com. Opportunities for table dis-play sponsorships that allow companies to exhibit their craft and offerings to at- tendees are available. MAREJ
The event offers a panel presentation from distin- guished commercial real es- tate experts and begins with cocktails and networking followed by a buffet dinner and discussion. “IOREBA’s Developer Night is the high- light event of the year for the New Jersey commercial real estate industry and the panel
Greenbrook Executive Center
FAIRFIELD, NJ — Ac- cordia announced that it has closed three lease transac- tions across two states. Strategic Family Wealth, signed a long-term renewal for 6,900 s/f at Greenbrook Executive Center, located at 100 Passaic Ave. in Fairfield. Accordia plans a number of renovations and upgrades to the space. The landlord was represented by Fred Hyatt and Derek DeMartino of JLL, and by Accordia. Greenbrook Executive Cen- ter, a past recipient of a TOBY Award for Outstand- ing Building of the Year from the Building Owners and Managers Association (BOMA) was also awarded an Energy Star label for its operating efficiency. The 200,000-plus s/f, class A building is fully owned and managed by Accordia, and features a full-service cafete- ria, a tenant amenity lounge, and tenant balconies, among many other amenities. “We are delighted that Strategic Family Wealth has called Greenbrook Executive Center home for many years,” said Frank Recine , princi- pal, Accordia. “Greenbrook has been a mainstay in North Jersey class A office space for more than 35 years because of its ideal location, and our commitment to providing a productive environment that’s inviting, comfortable, and makes for an easy com- mute in and around the area.” Stevens & Lee, P.C., a full- service law firm expanded its existing office space at River Drive Center II, located at 669 River Dr. in Elmwood Park, by 3,523 s/f. The law firm has leased nearly 16,000 s/f. Tom Reilly & Greg Mc - Cavera of JLL represented Stevens & Lee; Accordia and Fred Hyatt and Derek DeMartino of JLL repre - sented the landlord. RDCII is part of a three-
building complex totaling 300,000 s/f of office and medi - cal space. Accordia acquired RDCII in 2008 and invested significantly in its common amenities, including a new HVAC system, upgraded bathrooms, and common areas. “Stevens & Lee demon - strates commitment to the North Jersey business com- munity — and to RDCII — with its 2025 expansion,” said Recine. “River Drive Center is near I-80 and offers easy access to Rtes. 20, 21, 46 and the Garden State Parkway, and easy access to New York City and Newark Airport.” CDX Diagnostics, a health- care research company that develops screening technolo- gies for cancers renewed their lease for 20,000 s/f at 2 and 4 Executive Blvd. in Suffern, New York. Accordia represented the company, and Recine was the broker on the transaction. Last year was one of sig - nificant growth for Accordia. In 2024, the firm expanded its operations to become a full-service real estate man- agement company. The move brought acquisitions and cap- ital markets, development, third-party commercial real estate brokerage representa- tion and third-party property and asset management under one umbrella. “We are preparing to meet a pivotal moment coming for commercial real estate in 2025-2026, when nearly $1.5 trillion in debt will mature and asset holders will need help managing properties that will be un- der their supervision,” said Jason R. Bogart , principal, Accordia. “Our firm is quick, nimble, and hands-on, and we are here to help owners or managers who need out- of-the-box solutions during the expected market down- turn.” MAREJ
Bergman Real Estate announces seven new leases at 7 Giralda Farms in Madison, NJ
MADISON, NJ — A multi- million-dollar capital improve- ment program at 7 Giralda Farms in Madison is paying off. Bergman Real Estate Group and its leasing agent, Cushman & Wakefield , an- nounced a flurry of leasing transactions in 2024, totaling 110,000 s/f in seven new leases of office space at 7 Giralda Farms. Pharmaceutical com- panies, healthcare consultants, and NJ law firms now call 7 Giralda Farms their new home. “We were laser-focused on our capital improvement pro- gram, upgrading a host of amenities in order to attract the highest-quality tenants and we are proud to announce that we have met our goals. 7 Giralda Farms is one of those success stories,” said Michael Bergman , CEO and president of Bergman Real Estate Group. “Employers know that they need to offer a top-tier in-office experience to attract the best talent, and that’s what our investments have done.” The major transactions in 2024 were led by three premier New Jersey law firms: • Riker Danzig LLP, a 140-year-old full-service law firm signed for 45,500 square feet. Riker is relocating its headquarters from Morristown where they’ve been for the past 40+ years. Marc Rosenberg of Cushman & Wakefield rep - resented the tenant. • Saiber Law, a 75-year- old full-service NJ law firm coming from Florham Park, signed a new lease for 34,390 square feet. Richard Baum- stein and Edward Duenas of Cushman & Wakefield represented Saiber. • Kelley Drye & Warren LLP, one of the oldest law firms in the United States, is
7 Giralda Farms
s/f), a medical and pharmaceu- tical consulting firm. G&L was represented by Bill Brown and Joshua Cohen of Cush- man & Wakefield. • Knack Pharmaceuticals, (2,121 s/f), a healthcare compa - ny that specializes in injectable medication. Chris Hovanec of Colliers International represented the tenant. “7 Giralda is a quality build- ing that has all of the amenities a tenant is looking for, thanks to the strength and the commit- ment of the owners,” said Bill Brown , executive director, Cushman & Wakefield.” Bergman Real Estate Group and Eightfold Real Estate Capital acquired 7 Giral- da Farms in July 2021. The 236,000 s/f, three-story, class A office building is located within the Giralda Farms Corporate Campus, a gated office park spanning 1.15 million s/f across 310 acres on the former Geral- dine Rockefeller Dodge Estate. “To attract the best talent in Northern NJ, you have to offer the best amenities, and 7 Giralda Farms lets tenants do just that,” Bergman said. “Combined with this building’s incredibly convenient location, we knew from the earliest days of this project that 7 Giralda Farms was a unique invest- ment opportunity.” MAREJ
relocating from Parsippany and has committed to 17,260 s/f of new space at 7 Giralda Farms. Nick Savage and Greg Barkan of CBRE’s NJ office represented Kelley Drye. “7 Giralda has great value, but it was Bergman Real Estate Group who had the resources and vision to acquire the as- set, invest in the building, and remarket it to attract smaller and mid-size, high-quality tenants,” said Joshua Cohen , managing director of Cushman & Wakefield, the exclusive leas - ing agent for the building. “It is the strength of ownership, their tenure in the market, and Michael Bergman’s vision that proved to be a very successful formula for success.” Several other companies have committed to building their firms at 7 Giralda Farms, including: • Transcend Capital Advi - sors, LLC, (15,600 s/f), a pri - vate wealth management firm Jon Williams and Michael Nieliwodski of CBRE rep- resented Transcend Capital Advisors. • OrganOx Inc., (9,422 s/f), a global medical device company based in the U.K. OrganOx was represented by Mark Twentyman of Kingsbridge Realty Advisors . • G&L Scientific Inc, (2,767
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