Mid Atlantic Real Estate Journal — New Jersey — August 16 - 29, 2013 — 11B
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N ew J ersey
Weiss Realty represented CarePoint Health Cushman & Wakefield facilitates 36,000 s/f sublease
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ERSEYCITY, NJ —Com- mercial real estate services firm Cushman & Wake- field, Inc. has completed a 36,000 s/f, full-floor sublease from Rabobank to CarePoint Health at 10 Exchange Place, on Jersey City’s Hudson River waterfront. Dan Johnsen, Robert Rudin, Michael Burgio, Daniel Organ, Robert Gas- tel and Franklin Speyer at Cushman & Wakefield rep- resented Rabobank. Jaime Weiss and Matthew Weiss of Moonachie, N.J.-based Weiss Realty represented CarePoint Health, which will utilize the space for administrative func- tions. “We marketed the sublease on behalf of Rabobank, and we are pleased that CarePoint Health has agreed to a long- term sublease for the entire 15th floor of this premier property,” said Johnsen. “This transaction will allow Care- Point Health to continue its rapid growth.” Johnsen noted that they continue to market a second long-term sublease on behalf of Rabobank in the same property, where 32,000 square feet onmost of the 16th floor remains available. “CarePoint Health required access to public transporta- tion, on-site parking and 24/7 access, and after an extensive survey of available space, 10 Exchange Place met all of those requirements and more,” said Jaime Weiss. “Public transportation is liter- ally right at the door—indeed, the light rail actually con- nects directly with CarePoint Health ’s headquarters in Bayonne. There is also bank- ing and food service within the building and immediate vicinity. “Another important factor was that Rabobank left all of the furniture and fixtures intact when it transferred its TEANECK, NJ — RMR Wealth Builders Inc. has ex- panded its long-term lease at Glenpointe in Teaneck by 2,100 s/f, for a total occupancy of 4,600 s/f. The class A office campus is owned and operated by Alfred Sanzari Enter- prises . Cushman & Wakefield is the leasing agent for Glen- pointe. n RMR expands lease at Glenpointe
Point Health was willing to take possession and pay rent now—it was a tremendous advantage to walk into the space and just sit down and hook up laptops into existing construction. That was a mo- tivating factor.” “With everyone’s coopera- tion, we were able to complete the largest leasing transaction on the Hudson waterfront in the second quarter,” said John- sen. “While velocity has been somewhat sluggish, the fact that we were able to capture this full-floor deal definitely sends a positive message for the market.” n
10 Exchange Place New Jersey employees to the bank’s New York City office last year,” said Weiss. “Care-
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