Press Release brought to you by Accordia Realty Ventures LLC

ACCORDIA REALTY’S GREENBROOK EXECUTIVE CENTER BOOSTS OCCUPANCY WITH NEW LEASES AND EXPANSIONS Tenants gravitate to Western Es

07/02/2012

Fairfield, N.J. (July 2012)—Accordia Realty announced that Greenbrook Executive
Center, which sets the standard for Class A office properties in the Fairfield/Wayne, N.J.
area, executed new leases and expansions with more than a half dozen companies, boosting
occupancy to approximately 90 percent.

One of the recent arrivals is a new venture by entrepreneur Jason Cohen. Rickland
Orchards, LLC, will manufacture and sell a line of healthy Greek yogurt food products.
Cohen previously selected Greenbrook Executive Center as the headquarters for World
Gourmet, a company he co-founded and steered to meteoric growth under the banner of its
healthy snack flagship brand, Sensible Portions. World Gourmet sold to The Hain Celestial
Group in June 2010.

“Jason Cohen grew Sensible Portions from a startup into a multimillion-dollar powerhouse
right here at Greenbrook Executive Center, and Accordia Realty is honored that he chose to
locate his new firm here as well,” said Jason Bogart, an Accordia Realty principal. “We
know Rickland Orchards will be an excellent tenant that adds to the building’s prominence
as the most desirable office address in the market.”

In all, Fairfield-based Accordia completed seven lease agreements for the 203,000-squarefoot,
Class A office building at 100 Passaic Ave. The largest lease is with The Chadler
Group Inc., an insurer that grew its office footprint to 12,100 square feet as it moved to
Greenbrook Executive Center from a smaller space at another Fairfield location. Newmark
Grubb Knight Frank negotiated the lease for The Chadler Group.

Taking nearly the same amount of space is Woodmont Properties, one of New Jersey’s
leading homebuilders, which leased 12,000 square feet in Greenbrook to serve as its new
headquarters. The company relocated its executive offices from Chatham, N.J., into the
new space. Associated Realty negotiated on the tenant’s behalf.
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“Every new lease or expansion by an existing tenant is a vote of confidence in the office
environment we’ve created at Greenbrook Executive Center,” says Joseph Romano,
Accordia’s other principal. “Companies recognize this as the premiere office building in
Western Essex County, and they know we will ensure that it continues to be the top
business address in the years to come.”

Other new leases and expansions include:
• Quadrant Capital Management, LLC, a financial services firm, relocated from
Montclair, N.J., to 4,700 square feet of leased space. Colliers International
represented Quadrant Capital in its lease negotiation.
• Synergy Professional Associates, an insurer, leased 6,200 square feet. Realty
Executives International negotiated the lease for Synergy Professional Associates.
• Bleakley, Schwartz, Cooney & Finney, LLC, added approximately 3,000 square
feet to its space for a total of 25,000 square feet. Cushman & Wakefield represented
the company, which has been a tenant in the property for the past 15 years.
• Strategic Family Wealth Counselors, LLC, is a financial services firm that has been
in the building for five years. The company renewed and expanded its lease to
6,800 square feet. The Schultz Organization represented the tenant.

Greenbrook Executive Center earned the 2011 Building Owners and Managers
Association’s award for The Outstanding Building of the Year (TOBY). The win
recognized results of Accordia’s $2 million in renovations to the property, including
replacement of the HVAC system with a high-efficiency model. Other work included
upgrades to common areas and the stunning, three-story atrium lobby.

Built in 1990, Greenbrook Executive Center enjoys convenient access to Essex County
Airport, Greenbrook Country Club and nearby restaurants and shopping. Among the onsite
amenities is a full-service, 3,000-square-foot cafeteria with seating for 50.

Headquartered in Fairfield, N.J., Accordia Realty Ventures, LLC targets investment
opportunities in undervalued, high grade, income producing commercial properties. The
principals have built a reputation for successfully completing a wide spectrum of creative
transactions throughout the Northeast and have extensive background in the creation and
development of “smart growth,” mixed-use, urban and redevelopment projects. For more
information, visit www.accordiarealty.com.

 

07/02/2012 - 13:25

Source

Accordia Realty Ventures LLC

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