CBRE Named Exclusive Leasing Agent For Three Class-A Office Buildings in Edison
SADDLE BROOK, N.J. (June, 20, 2012) – CBRE, New Jersey’s largest commercial real estate brokerage firm, announced today that the firm has secured an exclusive 880,000-sq.-ft. leasing assignment for 379, 399, and 499 Thornall Street in Edison, N.J. The three Class-A buildings in MetroPark, all owned by Alfieri, LLC provide the only contiguous block of 100,000 square feet in MetroPark and can accommodate users as small as 2,000 square feet.
The CBRE leasing team of Executive Vice President Joseph Sarno, Senior Vice President Jeremy Neuer, Vice President Peter Shikar, and Associate Joseph Lombardi are handling the assignment.
“The vacancy rate in MetroPark has dropped over seven full percentage points in the last five quarters leading to a tightening market and rising rental rates,” said Mr. Neuer. “We are excited to work with Alfieri, LLC to capture the momentum and continue to fill the building with quality, long-term tenants.”
Amenities in 379 and 399 Thornall include a full-service cafeteria, covered parking, an atrium lobby, 24-hour security, and a sundry shop while 499 Thornall features a fitness center and tenant lounge, in addition to a cafeteria and a renovated lobby. The building currently has the largest available block of contiguous space in MetroPark. Several enhancements and additional amenities are being considered and will be announced shortly.
The properties are within walking distance to the MetroPark Train Station and in close proximity to the Garden State Parkway, New Jersey Turnpike, and Routes 1, 9, 27, 287, and 440. Additionally, they are conveniently located near two regional malls in Menlo Park and Woodbridge.
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.