Mid Atlantic Real Estate Journal — New Jersey — March 16 - 29, 2012 — 19A



11,000 s/f lot to IHOP franchise Michael Cervelli announces 25 year corporate backed lease

And local officials The Hampshire Companies host Governor Christie

MADISON, NJ — The Hampshire Companies held a groundbreaking event for its LEED Certified office building located at 175 Park Avenue in Madison, N.J., on February 1, 2012. Realogy Corporation, which is the parent company of leading real estate fran- chise brands including Better Homes and Gardens Real Estate, Century 21, Coldwell Banker, Coldwell Banker Com- mercial, ERA, and Sotheby’s International Realty, will re- locate from Parsippany, N.J., to occupy the entire soon-to-be 270,000-square-foot build- ing as its new headquarters in late 2012. Governor Chris

Christie, Lieutenant Governor Kim Guadagno, Mayor Robert Conley, Madison officials, and Hampshire and Realogy execu- tives were in attendance. “We’re extremely proud to break ground on what marks Hampshire’s third speculative office project since 2007, when commercial construction halted across the state,” said James E. Hanson, II, President and CEO of The Hampshire Companies. “Through our persistent devel- opment of spec office products in New Jersey, and with great support fromGov. Christie and Lt. Gov. Guadagno, we’ve been able to attract and retain qual- ity tenants like Realogy.” ■

year corpo- rate backed lease of an 11 , 0 0 0 s / f lot to IHOP Franchi se . The site lo- c a t e d o n B r u c k n e r B o u l e v a r d N

sey’s most experienced agen- cies specializing in investment real estate sales. Aimed at providing profes- sional brokerage services to private investors and finan- cial institutions involved in income-producing multifamily properties and shopping cen- ters, the company has posted steadily increasing sales re- sults. Michael Cervelli Real Estate is known for its’ unpar- alleled reputation of honesty, integrity, and experience in the investment real estate industry. ■

ORTH BERGEN, NJ — Michael Cervelli Announced the 25

in the Bronx was listed with Cervelli Real Estate and drew much attention from many national tenants, ultimately the landlord decided to proceed with IHOP given its corporate financials and the operator’s experience. Chris Cervelli, CCIM led the negotiations between the owner and the tenant who will be developing the property to house the new restaurant. Founded in 1983, Michael Cervelli Real Estate, head- quartered in North Bergen, New Jersey, is acknowledged as one of Northern New Jer-

Chris Cervelli

PARSIPPANY, NJ — Col- liers International New Jersey has arranged the sale of the retail component of a mixed- use community known as Liv- ingston Town Center located in Livingston. The transaction involves the purchase of more than 65,700 s/f of retail space in five build- ings. The space is currently leased to 20 retail tenants with stores ranging from 700 to 6,000 s/f. The property was constructed in 2008 and is located within the heart of downtown Livingston. BHR Properties III, LLC sold the buildings to Onyx Equities. Retail shops at this location include Wells Fargo, Marcia’s Attic and Baumgart’s Café. Colliers International New Jersey has represented Duane Morris in its 20,035 s/f relo- cation to The Legal Center at One Riverfront Plaza in Newark. Duane Morris is an AM Law 100, full-service law firm with more than 700 attorneys in of- fices across the United States and around the world. The law firmwill move from its current Newark office at 744 Broad Street to its new location at the end of January and occupy the entire top floor of One Riverfront Plaza. “The Legal Center is a pres- tigious address that caters to law firms and offers some of the best building amenities in Newark, so it was a perfect fit for Duane Morris,” said Bryn Cinque, an Executive Managing Director with Col- liers International New Jersey who, along with James Bailey, represented the law firm in this transaction. The Legal Center is a 20-sto- ry class A office building that overlooks the Passaic River. ■ Colliers Int’l. arranges sale of retail space

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