A dental practice has found a new home in Chesterfield after signing a lease with Renaissance Properties, the developer of the 500-acre mixed-use property known as Old York Village.
JLL
JLL represented Merck & Co. in the disposition of its headquarters location at 2000 Galloping Hill Road in Kenilworth, NJ. Situated on 108 acres just off the Garden State Parkway, the headquarters campus consists of nearly 2 million square feet of office and life science/lab space, as well as two parking decks and a central utility plant. JLL helped structure the short-term leaseback as well as assisted the buyer with acquisition financing. JLL was also retained by the buyer, a joint venture of Onyx Equities and Machine Investment Group, to help reposition and lease the property once repositioned as a state-of-the-art life science campus.
Gebroe-Hammer Associates
Gebroe-Hammer Associates has built its multifamily investment brokerage business and reputation during the past 48 years on long-term client relationships — a practice that came into play recently when we arranged the $19.8M off-market sale of Grand Lee Apartments in Leonia. In the transaction, our firm’s brokerage team exclusively represented the longtime owner/seller, Fairlawn CO, and identified/procured the buyer, an unnamed private investor.
Newmark
Newmark has been fortunate to be involved in several award-winning large office transactions in the Garden State recently. This past year Gilead leased approximately 100,000 SF at Latitude in Parsippany, for which we represented both the tenant and landlord. Also in Parsippany, we completed Avis Budget Group’s new U.S. headquarters transaction in excess of 150,000 SF. Significant current landlord representation assignments in the office sector include 2 Gatehall Plaza (on behalf of owner SRG2 Partners LLC) in Parsippany, NJ; Glenpointe (on behalf of owner Alfred Sanzari Enterprises) in Teaneck, NJ; River Centre (on behalf of owner Paramount Realty) in Red Bank, NJ; Woodbridge Corporate Plaza (on behalf of owner Northeast Capital Group) in Iselin, NJ; and many other prominent office properties.
