CBRE NAMED EXCLUSIVE LEASING AGENT FOR 103,000-SQ.-FT. SITE IN SHREWSBURY, N.J.
SADDLE BROOK, N.J. (March 5, 2012) – CBRE, New Jersey’s largest commercial real estate brokerage firm, announced today that the firm has secured an exclusive 103,000-sq.-ft. leasing assignment for 1030-1040 Broad Street in Shrewsbury, N.J. The two-building site is owned by American National Insurance (ANICO).
CBRE First Vice President Suzanne Macnow and Senior Associate Patricia Riedel are handling the assignment. John Spencer and Jack Behrens of CBRE manage the buildings.
ANICO acquired the site from National Realty Group and has embarked upon a renovation effort that includes updating the lobbies, bathrooms, common areas and exterior. Morgan Stanley is an anchor tenant and two additional units are leased. The availabilities at 1030 Broad range from 1,800 to 7,263 square feet, while at 1040 Broad they are from 1,989 to 15,634 sq. ft.
The property has highway frontage and is within walking distance to all amenities such as Panera Bread, Qdoba, Jersey Mike’s Subs, Acme, Boston Market, Trader Joe’s, Marshalls and Bed Bath and Beyond.
“The flexible nature of the available space make this site an ideal choice for any number of businesses,” said Ms. Macnow. ”The location in historic Shrewsbury has convenient access to a diverse retail corridor in Monmouth County.”
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.