Mid Atlantic Real Estate Journal — New Jersey — March 16 - 29, 2012 — 17A
www.marejournal.com
N EW J ERSEY
Marketing and communication agency signs 19,713 s/f CBRE secures lease at class A Red Bank office
Branch site in Clinton NAI Hanson completes sale of former bank
CLINTON, NJ—NAI James E. Hanson represented Wells Fargo in the sale of a 2,268 s/f site. The purchaser, EMAZ, LLC, plans to use the property as an office. NAI Hanson Vice Presi- dent Joan Cenicola completed the transaction. “The buyer was attracted to the location and its mix of small business and resi- dential,” Cenicola said. “The zoning made the site very marketable to a wide range of potential buyers.” The one-story former bank branch with drive thru is lo- cated on a four-acre tract at the northwest corner of Bank
Street and Ruppel Road. It is within a Planned Commercial Zone, permitting professional and medical offices, restau- rants, day-care facilities, and veterinarian clinics, among other uses. It offers immediate access to Route 78 and Inter- change 13. Champion Athletes has signed a 7,680 s/f, long-term lease at 400 Swenson Dr. in Kenilworth. NAI Hanson Associates Russell Verducci and Stan- ley Wiklinksi completed the transaction on behalf of the building’s landlord, Fairfield Products. ■
EDBANK, NJ—CBRE represented The Saw- tooth Group, in a 19,713 s/f lease transaction at 141 West Front St. The full-service marketing and communication agency focusing on brand testing and strategy is subleasing the space from K. Hovnanian and relocating from Woodbridge. CBRE first vice president R Cr e s aPa r t ne r s ’ New Jersey office facilitates Sorin- RoyerCooper’s expansion in NJ RUTHERFORD, NJ — The New Jersey-based office of CresaPartners LLC helped SorinRoyerCooper renegotiate its lease to accommodate the law firm’s rapid growth. The new lease allowed the firm to expand from 5,298 s/f on the 11th floor to 19,452 s/f on the entire top floor at Two Tower Center in East Brunswick. Founded in 2009 by Dave Sorin, John Royer and Neil Cooper, SorinRoyerCooper LLC is a law firm that specializes in the region’s startup, early- stage, emerging-growth and middle-market sector enter- prises. The firm offers creative and sophisticated solutions and accessible, responsive service by experienced lawyers, for highly competitive fees that ensure a compelling value proposition. Since its founding, the firm has grown to include offices in East Brunswick, N.J., NewYork City and Conshohocken, Penn. Tom Giannone and Ron Gan- ter, co-managing principals of CresaPartners’ New Jersey office, represented SorinRoyer- Cooper, while the landlord, Tower Center II Investment Group, LLC, was represented by Jeremy Neuer of CB Richard Ellis. “The incredible problem solv- ers at CresaPartners worked with us to find a highly efficient solution to a compelling prob- lem,” said Sorin. “Tom and Ron evaluated our business from soup-to-nuts to help us devise a new lease that not only met our anticipated needs at the right cost, but reflected our value proposition and aligned with our unique vision for growth.” Giannone and Ganter worked with SorinRoyerCooper in early 2010 to negotiate a lease that would help the law firm take more space as it grew.
Suzanne Macnow and vice president Adam Englander represented the tenant. “The Sawtooth Group ap- preciated this well-maintained property with a convenient location right off the parkway and exceptional amenities,” said Macknow. “Additionally, the vibrant Red Bank down- town area is also ideal for their employees.” The three-year-old 92,000 rentable s/f. class A office building is owned by a joint venture of Mack-Cali and PRC Group. Amenities include on- site garage parking, full-time property management, a full-
service restaurant, flexible floor plates and fiber optics. The site is located near the downtown area with conve- nient accessibility to the Gar- den State Parkway. The site boasts a tenant ros- ter that includes Ameriprise, BoozAllenHamilton, Deutsche Telekom, Genova Burns & Venoia, Global Compliance, Littleton Joyce Ughetta Kelly & Park, Opus Trading Group, The Benchmark Group and V-12 Group. Current avail- abilities include 4,959 square feet and 2,579 square feet on the first floor and 2,486 square feet on the third floor. ■
2011 Leasing Totals: 99.8% Occupied 3,647,365 SF Leased Heller Industrial Parks
Huge Foreign Trade Zone
Energy Efficient Warehouse Lighting
60% Lighting Bill Reduction
20% Solar Energy Electric Rebates
Subsidized Daycare
Leasing for less in Central Jersey.
(732) 287-4880
205 Mill Road, Edison NJ 08837
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