S hopping C enters C entral N ew J ersey

Real Estate Journal — New Jersey — May 15 - 28, 2015 — 7B


M id A tlantic

OMERSET, NJ — Jim Brunette , director of the Coldwell Banker Barti Ibrahim leases 91,455 s/f at 270 Davidson Ave. for $13 million Coldwell Banker Commercial NRT inks largest commercial lease transaction in NJ for 2014 S

the eight-story, class A office building at 270 Davidson Ave. in Somerset for approximately $13 million. Located in an office park, the building had been vacant and will now be occupied by the law offices of Parker, Ibrahim and Berg LLC. This lease represents approximately 40% of the building’s 228,000 s/f. “I am proud to commend Barti for this impressive achievement, a testament to the incredible dedication, knowledge and skill she pos- sesses as a successful commer- cial real estate consultant,” said Brunette. Ibrahim has 13 years of real estate experience and specializes in corporate tenant

representation, leasing and investment sales for clients throughout New Jersey, with a focus on Somerset, Middle- sex and Hunterdon counties. Her main commercial real estate focus is on office, retail and investment properties. She is a long-term resident of Middlesex and Hillsbor- ough. As part of her continu- ing professional education, Ibrahim has been certified as a Cendant Relocation Special- ist and a Short Sales and Fore- closure Resource. She holds bachelor's degrees in biology and law from the University of Madras in Chennai, Tamil Nadu in India. Ibrahim is fluent in English, Telugu and Tamil. n

C omme r - c i a l NRT E a s t e r n S e a b o a r d region, an- nounced that Bh a r a t h i " B a r t i " Ibrahim at- tained the

Barti Ibrahim

company’s largest commer- cial lease transaction in New Jersey for 2014. Ibrahim is a sales associate affiliated with Coldwell Banker Commercial NRT and Coldwell Banker Residential Brokerage in Hillsborough. Ibrahim leased 91,455 s/f of

270 Davidson Ave.

DTZ arranges the purchase of 20 acres in South Brunswick, NJ to Clarion Partners

Colliers International arranges 17,000 s/f HQ relocation lease

SOUTH BRUNSWICK, NJ — DTZ , a global leader in commercial real estate

services, has arranged the purchase of a 2 0 - a c r e site located at 335 Ridge Rd. in South Brunswick, NJ . Doug Bansbach ,

100 Overlook Center

Doug Bansbach

tional, who represented Cer- tara in the sublease. “Through the right combina- tion of events and internal col- laboration here at Colliers In- ternational, Certara was able to take advantage of current market conditions to secure this prime, class-A space,” said Thomas Romano , executive managing director at Colliers International, who assisted with facilitating the sublease between Certara and Alber- marle through an existing relationship. Situated at Rte. 1 and Al- exander Rd., 100 Overlook Center is located less than two miles from the heart of Princ- eton and in close proximity to the New Jersey Turnpike, Rte. 206, I-295, and the Princeton Junction Train Station, which offers Amtrak and NJ Transit service to Manhattan. n

PRINCETON, NJ — Col- liers International has ar- ranged a corporate headquar- ters relocation in Princeton, with drug development and safety company Certara sub- leasing 17,000 s/f at 100 Over- look Center Dr. Relocating within Princ- eton, Certara will occupy its new space on the first floor at the four-story, 149,600 s/f property in March. The firm is subletting its office and R&D space from chemical manufac- turing company Albermarle. “In addition to an on-site cafeteria, conference facilities, and high-end finishes offered at a below-market rent, the property provides the ideal corporate feel and atmosphere that Certara was seeking for its new business headquar- ters,” said Kevin Coleman , director at Colliers Interna-

senior vice president of DTZ, represented the owner, Unit- ed States Land Resourc- es, and the buyer, Clarion Partners . Joseph Zingaro of Clarion Partners managed the transaction on behalf of the buyer. Clarion Partners intends to demolish the site’s existing building, which was formerly a call center, and build a state-of-the-art warehouse and distribution center. The new warehouse will be part of a planned industrial busi- ness park and consolidates an adjoined parcel of previ- ously purchased land. The proposedcomplex, which will have access to major inter- changes including Rte. 130, Georges Rd. and Ridges Rd. in South Brunswick, prom- ises to both strengthen and

335 Ridge Rd.

enhance the Clarion Partners portfolio of properties. “By matching the right buyer and seller, Clarion has the opportunity to rede- velop two adjacent properties

into a viable business park, and United States Land Resources was able to gain a return on a previously un- derperforming asset,” said Bansbach. n

Made with FlippingBook - professional solution for displaying marketing and sales documents online