14B — November 13 - 26, 2015 — New Jersey — M id A tlantic
Real Estate Journal
www.marejournal.com
N ew J ersey
Colliers Int’l arranges SPS Commerce relocation
Richard Warner serves as the listing agent Warner RE closes on three service stations for $1.075m
L I T T L E FALLS, NJ — A s t h e leasing agent f or owner - ship at Over- look Corpo- rate Center, Colliers In- ternational has arranged a long-term, 2 5 , 0 0 0 s / f l e a s e f o r supply chain management s o l u t i o n s c o m p a n y SPS Com- merce at 150 Clove Rd. in Little Falls. The new transaction aligns with ownership’s ongoing multimillion-dollar, amenity- rich enhancement initiative at the 415,000 s/f, class-A of- fice building, which is set for completion in the first quarter of 2016. “The addition of SPS Com- merce continues robust leas- ing activity at the trophy property as ownership moves into the next stage of its ex- tensive enhancement program with the full renovation of its lobby and elevator cabs,” said Richard Mirliss , executive Richard Madison Richard Mirliss
S
OUTHERNNJ — War- ner Real Estate &Auc- tion closed escrow on
a pa c ka g e sale of three Gulf branded South Jersey service sta- t i ons . The sites includ- ed 1422 W. Landis Ave., V i n e l a n d ,
Overlook Corporate Center
managing director at Colliers International, who along with colleagues executive managing director Richard Madison , associate Jack Callahan , and associate Alexander Vitro , represent ownership, Theta Holding Company, LP. “Overlook Corporate Cen- ter’s direct access to the Mont- clair State University train station –– via shuttle service provided by ownership –– was a driving factor for SPS Com- merce, whose staff is largely comprised of millennials who rely on public transportation,” Madison added. “With new amenities including a state-of- the-art conference center and a fully equipped fitness center, both of which will open this month, the property is a prime option for a diverse array of tenants, particularly those looking to attract and retain millennial talent.” n
Richard Warner
3422 S. Delsea Dr., Vineland, and 605-615 N. Pearl St., Bridgeton. The buyer of the sites, Paragon Petroleum Inc., will continue operating the three service stations; however, the sites will be unbranded. The seller was a trust and Richard Warner was the listing agent. n
Mack-cali announces new 54,000 s/f lease with KPMG in Short Hills, NJ
Garibaldi facilitates 8,000 s/f of leases
leasing. “The building’s recent renovations, unrivaled ameni- ties, and convenient location are extremely attractive to tenants like KPMG who de- mand a premier space.” Mack-Cali recently reno- vated the lobby, which now features wood, glass, and gran- ite finishes, media screens, and an enhanced entryway with granite pavers and stain- less steel light Bollards. The property also boasts a five- story skylit atrium, covered parking, proximity to world- class shopping at The Mall at Short Hills, as well as award- winning, on-site property management. Other amenities include lobby-level food service and complimentary WiFi in the café and lobby. 150 John F. Kennedy Parkway is 100% leased. 150 John F. Kennedy Parkway
“This deal is a strong ex- ample of the benefits that we expect to come from Mack- Cali’s recently announced strategic shift and three-year plan,” said Mitchell Rudin , Mack-Cali chief executive of- ficer. “As part of that plan, we are focusing on our class A assets with convenient access to transit options and bolster- ing those properties through renovations – ultimately pro- viding tenants like KPMG with exactly the services they demand.” The tenant was represented by Jeffrey Babikian , Pat- rick Murphy , and Kenneth Boland , all of CBRE . KPMG is amongMack-Cali's largest corporate tenants, with more than 182,000 s/f of addi- tional space in Roseland and Woodcliff Lake, NJ. n
SHORT HILLS, NJ — Mack-Cali Realty Corpora- tion announced that KPMG, a global accounting firm, has signed a new long-term lease for 54,341 s/f at 150 John F. Kennedy Parkway in Short Hills. The Mack-Cali property is a 247,476 s/f, five-story, class A office building ide- ally located in Essex County, directly off Route 24. The location offers easy access to the Garden State Parkway and the New Jersey Turnpike, as well as to Newark Liberty International Airport. “We are thrilled to continue Mack-Cali’s long-standing re- lationship with KPMG and we are excited that they have cho- sen to continue to grow within our portfolio,” said Chris- topher DeLorenzo , Mack- Cali executive vice president of
Eisenhower Corporate Campus
cuport came to The Garibaldi Group and Eastman Compa- nies with extremely short deadlines for a relocation. Eastman Companies and The Garibaldi Group were able to quickly deliver mutually acceptable lease agreements, and with Eastman’s in-house construction services, both tenants were able to move in less than a month after sign- ing their leases. Both tenants were repre- sented by the The Garibaldi Group’s brokerage team of Jeff Garibaldi , Scott Garib- aldi , Michael Witko and Ed Flanagan . Eric Maurer is the acting director of leasing for ECC Campus and The Garibaldi Group is the broker for the property. n
LIVINGSTON, NJ — The Garibaldi Group and East- man Companies announced the lease of 8,000 s/f of office space at Eisenhower Corpo- rate Campus (ECC) in Liv- ingston. With a total of more than 380,000 s/f of office space, substantial amenities, and LEED Silver Certification, the property boasts many high profile tenants including Verizon, John Hancock, and Veritext. Now included on that roster is Jersey Cares. The organization has leased over 4,300 s/f of space on the building’s first floor. Circuport relocated from their offices in Morristown to occupy over 3,500 s/f of office space in ECC. Both Jersey Cares and Cir-
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