Real Estate Journal — June 24 - July 14, 2016 — 15A
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M id A tlantic
M id A tlantic R eal E state J ournal
Casey and Neuer of CBRE are leasing agents for 5 Becker Farm Rd. Soma Capital Partners signs 20,435 s/f in leases at class A office building in Roseland, NJ R
looking for including an on- site, full-service cafeteria; building security; daycare center; ample parking; and bus service to Newark and surrounding areas. 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 Air- port, convenience is perhaps the property’s best feature. CBRE ’s Dan Casey and Jeremy Neuer are the ex- clusive leasing agents for 5 Becker Farm Rd. n
OSELAND, NJ —Fol- lowing a multi-million dollar capital improve- ment campaign, 5 Becker Farm Rd. is seeing a major uptick in leasing activity. In the last several weeks, San Francisco-based Soma Capital Partners (SCP) , owner of the property, has signed 20,435 s/f of leases at the class A office building. “We have seen incredible leasing velocity which is a direct result of the invest- ment we recently made in the property, and the intensive, hands-on management of Accordia Realty,” said David Smith , partner at SCP. Accordia Realty Ven- tures (Accordia) , the firm that also oversaw the repo- sitioning, agrees. “The ownership team had a vision for this property and they were spot on,” said principal Joe Romano . Leasing activity includes: • The law firm of Curcio Mirzaian Sirot signed on for 6,354 s/f • ProTravel International has signed a renewal for 4,779 s/f • Zolfo Cooper, a leading independent provider of re- structuring, financial and corporate advisory solutions, has taken 3,556 s/f • Wealth Health signed a 3,161 s/f renewal and expan- sion • Safe Drive Systems, de- veloper and distributor of collision avoidance and lane departure warning systems, has taken 2,575 s/f Renovations, which include an updated lobby, common areas and elevators as well as a repaved parking lot and new HVAC system, breathed new life into the building. Prospective tenants noticed – driving occupancy from 66% in November to 78% today. Added Romano, “Given the generally sluggish nature of many submarkets, this rep- resents an incredible amount of leasing activity in a very short time frame.” The 118,139 s/f 5 Becker Farm Rd. is located on 8.5 acres within 280 Corporate Center, in Roseland, NJ – one of the most desirable office locations in Northern New Jersey. Consisting of four floors, the building of- fers magnificent views of the manicured grounds and features all the modern con- veniences tenants today are
5 Becker Farm Rd.
Senior Housing Ad.indd 1
6/14/2016 5:24:16 PM
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