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2C — February 23 - March 15, 2018 — Commercial Office Properties — M id A tlantic
Real Estate Journal
C ommercial O ffice P roperties Totaling 350,000 s/f throughout its NJ office portfolio with an aggregate rental value in excess of $37M Bergman Real Estate Group marks year-end with over 100 lease transactions W OODBRIDGE, NJ — Bergman Real Estate Group , a investor/partners and new and renewing tenants alike.”
highlights include a long-term lease renewal and expansion with Diagnostica Stago, an industry leader in the science of hemostasis and thrombosis, for 52,000 s/f at 5 Century Campus, Parsippany. and an impressive 25 lease transac- tions at 1099 Wall Street West in Lyndhurst totaling over 48,000 s/f. “Long-term renewals are a testament to the care and at- tention we pay to each of our properties,” Bergman said. “We are committed to maintaining and improving our buildings and increasing the value for our
According to Bergman, the office market continues to be driven by the demand for sub- urban properties which reflect the changing role of today’s working environments. “A positive working atmo- sphere, with unique perks, ser- vices and amenities is now key for companies throughout New Jersey and across the country,” Bergman said. “Tenants today are looking for more than just offices – they are looking for extra amenities which support an enhanced office environment supporting a ‘live, work and play’ lifestyle.” Bergman Real Estate Group has incorporated many of these in-demand amenities at several of its properties, from lounges and shared conference rooms to unique features such as bike sharing programs, yoga/fitness rooms and game rooms. In one of the most ambitious projects of 2017, Bergman Real Estate Group, in partner- ship with Time Equities Inc., invested $4.5 million into a capital improvement program at Century Campus. This three- building office complex features a dozen new amenities, includ- ing a state-of-the art business lounge with a staffed barista, coworking office suites, an art studio, media center, massage room and fully renovated com- mon areas. Several more im- provements to the interior and exterior are planned for 2018. At Florham Park Corporate Center a 230,000 s/f office complex at 25 Vreeland Rd. in Florham Park, Bergman added a 3,600 s/f fitness center with showers and locker rooms, a yoga studio and a lounge/game center. “We are looking forward to the year ahead,” Bergman said “as we continue to improve and enhance the services and ame- nities offered at our properties. Founded in 1988, Bergman Real Estate Group is a pri- vately owned, full-service real estate investment and manage- ment company. Withmore than 28 years of history operating in New Jersey and other select markets, Bergman has earned a solid reputation as a repu- table and trustworthy owner/ manager. The company’s fully integrated platform includes acquisition, ownership, asset and property management, leasing and construction su- pervision. n
real estate investment and management firm based in Woodbridge, NJ, announced an impressive number of end- of-year lease transactions and capital improvement projects for 2017. The privately-owned real estate investment firm com- pleted over 100 lease transac- tions in 2017, totaling 350,000 s/f throughout its New Jersey office portfolio with an aggre- gate rental value in excess of $37 million. The transactions
5 Century Campus, Parsippany, NJ
represent a mix of new tenant long-term leases and renew- als and expansions of existing tenants,. “Our success in 2017 shows that the demand for subur-
ban office space continues to strengthen in New Jersey,” said Michael Bergman , pres- ident and CEO of Bergman Real Estate Group. According to Bergman, deal
WHAT HAS YOUR BROKER DONE LATELY? SELECT 2017 TRANSACTIONS SAM GRUNBERGER CLOSED BY Mid-Atlantic Real Estate Journal’s 30 Under 30 2018
SELECT TRANSACT IONS
$25,000,000 Office Property Center City Philadelphia, PA
$42,300,000 Multifamily Property Columbia, MD
$21,700,000 Multifamily Development Pompano Beach, FL
$20,700,000 Student Housing Portfolio Philadelphia, PA
$14,000,000 Retail Property Melville, NY
$12,700,000 Multifamily Property Philadelphia, PA
$8,600,000 Mixed-Use Property Philadelphia, PA
$8,400,000 Retail Portfolio Various Locations,DE
$5,500,000 Multifamily Property Philadelphia, PA
$2,600,000 Townhome Rentals Milford, DE
$2,100,000 Mixed-Use Property Philadelphia, PA
$1,800,000 Retail Property Wesley Chapel, FL
Sam Grunberger | Senior Vice President 732.301.3230 | sgrunberger@meridiancapital.com
MAREJ –Sam Grunberger – February 2018.indd 1
2/16/18 12:00 PM
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