S HOPPING C ENTERS N EW J ERSEY S POTLIGHT N ORTHERN Oversee high traffic retail and office portfolio in Paramus NAI Hanson awarded 245,000 s/f property management assignment

Mid A TLANTIC R EAL Estate Journal — Northern New Jersey — March 16 -29, 2012 — 18A


P ARAMUS, NJ — NAI James E. Hanson’s prop- erty management sub- sidiary, NAI Hanson Manage- ment LLC, has been awarded a 245,000 s/f property assign- ment. The Paramus based portfolio is owned by the Emil Buehler Trust Fund and con- sists of over 200,000 s/f of retail space and approximately 45,000 s/f of office space. The properties are: • 60 Route 17 North, a 75,000 s/f retail center featuring ten- ants such as DSW, PetSmart and Staples. • 321 Route 17 South, a 40,000 s/f retail space that hosts PC Richards. • 289-295 Route 17 South, a 57,000 s/f retail site that is the former home of rug and furniture retailer Einstein Moomjy. • 311 Route 17 South, which has 9,900 s/f of office and 10,000 s/f of retail space. • 305 Route 17 South, which offers a mix of 35,000 s/f of office space and 22,000 s/f of HOBOKEN, NJ — Lt. Gov- ernor KimGuadagno, Hoboken Mayor Dawn Zimmer, and other dignitaries today joined Pearson’s Rich Glicini, senior vice president for People and Social Responsibility, and SJP Properties’ CEO Steven J. Pozycki, to announce a lease agreement to relocate New Jersey employees from the world’s leading learning com- pany to a new, state-of-the-art office building on Hoboken’s waterfront. Pearson signed a lease for more than 200,000 s/f at SJP Properties’ 500,000 s/f Water- front Corporate Center III, the final site within Hoboken’s 26-acre waterfront, mixed- use master plan, and the last phase of SJP’s 1.5-million s/f, three-building office and retail complex. “Pearson’s decision to stay

the Township of Weehawken expressed a strong interest in preserving the site, according to Somple. To complete this transaction, The Trust for Public Land — a national conservation orga- nization that conserves land for people to enjoy as parks, gardens and natural areas — facilitated the acquisition of the reservoir and recently conveyed the property to Wee- hawken, Union City and the State of New Jersey’s Green Acres Program. The effort of all parties working together culminated in the completion of this transaction. The property will be trans- formed into a passive public park, enhanced with a walking and running trail. Portions of the reservoir will continue to function as a water storage facility, and United Water will retain an easement to con- struct and maintain a 10-mil- lion-gallon underground water storage tank located beneath the future park. ■ waterfront parks.” The 14-story office building is designed as New Jersey’s only waterfront LEED Silver Certified office development and incorporates numerous modern features, including floor-to-ceiling glass windows that permit natural light to penetrate deep into the floors. Construction is scheduled to commence in fall of 2012 and will be completed in summer of 2014. The development will create more than 600 construc- tion jobs. “Waterfront Corporate Cen- ter III will be developed to incorporate the most advanced green technology and state-of- the-art features among any new commercial development in the region, providing Pearson with a high-performance work envi- ronment to support its business operations,” stated Pozycki. ■

preserve the largest privately owned, remaining undeveloped property in densely populated Weehawken, with views over- looking the Palisades above the New Jersey entrance to the Lincoln Tunnel as a new public park. NAI Hanson senior vice president Andrew Somple, SIOR, and director of Capital Markets Gregory M. James oversaw the $11 million trans- action on behalf of United Water, which had approached the firm in early 2010 about exploring sale opportunities for the 14.4-acre reservoir site, which was zoned for high-density residential use. The company had not used the property since 1996. After marketing the prop- erty to just a handful of pro- spective buyers, United Wa- ter received four offers on the property from developers that hoped to build multifam- ily projects on the site. Nego- tiations were just beginning when, in the summer of 2010, waterfront home for our world- class workforce and investing in the technology essential to Pearson’s mission to foster learning and achievement around the globe.” “We are very excited to wel- come Pearson and 900 of their employees to the Hoboken com- munity,” saidMayorDawnZim- mer. “This is exactly the kind of green, smart development that Hoboken needs to support the continued economic growth of our local economy without burdening our infrastructure. World-class companies like Pearson want to do business in Hoboken for the same reasons we all love to live here: we’re a bustling, walkable city with easy access to mass transit and New York City, a lively arts and music scene, packed side- walk cafés, a vibrant nightlife, unique shops, and beautiful

s/f of assets owned and under management, encompassing office, industrial/warehouse and retail properties located throughout the Northeastern US. The subsidiary is equipped to handle all aspects of proper- ty management, construction management, plant and physi- cal maintenance, tenant leas- ing and fit out and legal and environmental consulting. HACKENSACK,NNJ—NAI James E. Hanson represented United Water New Jersey Inc. in a unique deal that will Waterfront Corporate Center,” stated Glicini. “Toward this goal, we are relocating 900 em- ployees from our Upper Saddle River and Old Tappan locations, to 225 River Street, a LEED- certified building. Leveraging the natural light in this beauti- ful space means less artificial light usage during the day, thus reducing energy consumption. Heating and air conditioning systems in the new location will be more efficient as a result of new innovations, technology and equipment.” Added Glicini, “We extend our gratitude to the Governor and Lt. Governor for the State’s investment, as well as the sup- port of the New York and New Jersey Port Authority, in our choice of this Hoboken loca- tion. Together along with our partner, SJP Properties, we are creating a green and affordable

retail. “Route 17 in Paramus is one of the most highly traveled roads in all of New Jersey and this portfolio contains a number of quite visible sites, “ said Bill Hanson, president of NAI James E. Hanson. “The Hanson PropertyManagement Team is expert at handling the diverse needs of this impres- sive portfolio.” NAI Hanson Management offers an enhanced spectrum of property management services for the company’s 3.9 million is just one of many examples where we’ve successfully inter- vened to keep and create jobs in New Jersey,” said Lt. Gov. Guadagno. “The Christie-Gua- dagnoAdministration’s policy of assertively protecting and purs- ing jobs for New Jerseyans is a major reason why the New Jer- sey Comeback is underway.” Pearson will occupy five floors starting in 2014 and is relocat- ing approximately 900 employ- ees from its current offices in Upper Saddle River and Old Tappan, N.J. “Pearson and New Jersey share a deep commitment to at- tracting and retaining a talent- ed professional workforce that will flourish in the vibrant and stimulating center for media, education, and digital services that has emerged within the excellent mass transit central location of Hoboken and the

Pearson relocates professional and technology jobs to SJP Properties’ Waterfront Corporate Center III

Made with FlippingBook - Online Brochure Maker