CBRE Completes Two Deals at One Meadowlands Plaza, N.J.
SADDLE BROOK, N.J. (October 29) – CBRE, New Jersey’s largest commercial real estate brokerage firm, has recently completed two transactions at the 422,000-square foot, Class-A Metropolitan Center located at One Meadowlands Plaza in East Rutherford, N.J.
The CBRE team of Greg Barkan and Donald Sperling, both senior vice presidents, and Robert Norton, senior associate, represented landlord KBS Capital Advisors in the transactions:
· Ameream Management, the retail management group that is looking to open American Dream in the Meadowlands, leased 4,004 square feet at the site. The company works to develop combination shopping and entertainment centers.
· DBR 360, a computer design business, moved into 2,828 square feet to grow its presence in New Jersey. The company designs networks to manage logistics of delivering packages globally. The company has additional locations in Fairfax, VA, and London.
“One Meadowlands Plaza is much more than a place to work,” said Mr. Barkan. “It’s an environment where businesses thrive by taking advantage of the myriad of services and amenities that encourages an effective and productive workforce. Tenants have a prestigious location at a sought-after address, with superior access to mass transit.”
A LEED Gold and Energy Star certified building, Metropolitan Center includes amenities such as covered parking, cafeteria, complimentary fitness center, video tele-conference center, on-site dry cleaning, car wash and on-demand shuttle bus service to Secaucus Junction train station and local area restaurants and shops. Metropolitan Center overlooks the MetLife Stadium, home of the New York Giants and New York Jets, and is adjacent to the Sheraton Meadowlands Hotel and Conference Center.
Situated at Exit 16W off the New Jersey Turnpike at the junction of Routes 3 and 120, Metropolitan Center is located just 15 minutes from the Lincoln Tunnel. Newark Liberty International Airport and Teterboro Airport are within 10 miles, and dozens of restaurants and shopping options are just minutes away at the Secaucus outlets and regional malls.
“The tenants chose this property because of its geographic location, the building quality and on-site amenities,” said Randi Kaufman, senior vice president of KBS Capital Advisors. “Although one tenant is expanding in the state and the other is overseeing a major development project in the area, it’s a great fit for both tenants in their need for general office space.”
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services firm (in terms of 2011 revenue). The Company has approximately 34,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our Web site at www.cbre.com.