Page 19 - Issue 45 Sept2020
P. 19

 Hudson-Bergen Light Rail.
The landlord is making other key improvements with an eye toward so-called ESG initiatives, which stands for environmental, social
and governance. To that end, BentallGreenOak is adding a more efficient heating and air conditioning system as well as low-flow plumbing fixtures, LED lights and motion sensors to control lighting.
isolation. We do think that office as an institution will be here forever.”
But, she added, office landlords and occupants will have to take extra steps to make buildings cleaner and safer. Already, companies are adding plexiglass shields around desks to protect some workers. In the future, Circiumaru said, companies may have apps that survey workers about their COVID risks — with questions about how they feel and whether they’ve traveled — and issue daily office passes only to employees who seem healthy. RE
REALESTATENJTM 17
    “To us, this is a great example of how to integrate ESG to generate long-term value for our client,” said Anna Mur- ray, global head of ESG at Ben- tallGreenOak.
Newport Tower’s new glass rotunda will open into a two-story glass atrium lobby. Building owner BentallGreenOak is also converting 5,000 square feet of underutilized storage space off the main lobby into conference rooms and space for food and beverage providers.
       When it came to marketing a 120,000 square-foot facility in Westwood, owner Paul Profeta (publisher of RENJ magazine), wanted a buyer that would have a short due diligence period. Resource Realty, as exclusive broker, targeted a direct mail campaign that netted several good prospects. Treetop Development ultimately purchased the property after leveraging Resource Realty principal Thomas Nuara’s extensive knowledge of the property and market in order to analyze and confirm the property’s potential as a multi-tenant facility.
We always do our due diligence to meet your corporate real estate needs.
RR
Resource Realty
Corporate Real Estate Services
       10-50 Charles St, Westwood, NJ (Bergen County)
 Resource Realty of Northern New Jersey
299 Cherry Hill Road | Suite 202 Parsippany, NJ 07054 Phone: 973-299-0900
Resource Realty of Central New Jersey
1203 U.S. Highway 9 South Woodbridge, NJ 07095 Phone: 732-225-0300
Resource Realty of Southern New Jersey Resource Realty of Pennsylvania 124 East Camden Avenue | Suite A Moorestown, NJ 08057
Phone: 856-727-0700
 Those improvements were important to BNP Paribas, which has made environmental sustainability a priority as part of its commitment
to ESG standards. Newport Tower has a gold rating on the U.S. Green Building Council’s Leadership in Energy and Environmental Design scale. BNP Paribas said it also
will build out its space to become certified by the International Well Building Institute, under a global program that rates buildings on measures such as cleaning and sanitation, air and water quality and emergency preparedness.
Elsewhere in Newport Tower, ownership is looking to upgrade finishes that “were a little outdated and not in line with current trends,” Circiumaru said. The building was developed on a site that was once home to an Erie Railroad terminal, so the lobby’s new design will include elements that echo the era of 1920s rail travel, she said.
BentallGreenOak launched the renovation in August and expects it to be completed in 2021, despite the fact that the COVID-19 pandemic has emptied offices worldwide and forced employees to work from home.
Some employers have said they will allow more team members to work remotely, at least part of the time, even after the crisis has passed.
But BentallGreenOak believes the need for office space will return.
“We had this experience of working from home,” Circiumaru said. “Did it work? Yes. But can it be forever? We don’t think so. There is a risk of worker
Anna Murray
Courtesy: BentallGreenOak





































































   17   18   19   20   21