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CBRE Named Exclusive Leasing Firm For 55 Challenger Road in Ridgefield Park, N.J.

12/20/2012

 

CBRE Named Exclusive Leasing Firm For 55 Challenger Road in Ridgefield Park, N.J.

 

SADDLE BROOK, N.J. (Dec. 20, 2012) – CBRE, New Jersey’s largest commercial real estate brokerage firm, announced today that it has been appointed the exclusive leasing agent by KABR and The Kushner Companies to market 55 Challenger Road, a 305,000-sq.-ft., Class A office building in Ridgefield Park, N.J.

The CBRE leasing team of Senior Vice President Don Sperling, Senior Vice President Jeremy Neuer, and Senior Associate Robert Norton, will manage all leasing activity. Approximately 250,000 sq. ft. remains available includingflexible floor plates and full floors ranging from 40,000 to 80,000 sq. ft.

 

Originally constructed in 1990, the six-story 55 Challenger Road is located within the Overpeck Corporate Centre and has a nine-foot ceiling height, raised floors throughout, two drive-in loading bays, five passenger elevators and one freight elevator. It features six watts per sq. ft. of power with data center and Co-Lo services available through the current tenant, MFX.

 

“Boasting a highly visible location with robust power, 55 Challenger was also one of the very few properties in New Jersey that did not lose power at all during Hurricane Sandy,” said Mr. Sperling. “The landlord plans to make additional investments to significantly upgrade the lobby, common areas, rest rooms, and will be adding a new cafeteria, new fitness center, and expanding the existing parking.   The new ownership is offering aggressive rental rates and concession packages to quality tenants who are looking for a home in one of the area’s premier assets.

 

The building is visible to 70 million motorists each year from both the New Jersey Turnpike and Route 46. Overpeck Centre has its own interchange off Route 95, in addition to immediate access to Route 80.  The property is just five minutes from the George Washington Bridge, 10 minutes from the Lincoln Tunnel, and close to all area airports. A Port Authority bus stop is directly in front of the property. The building is adjacent to plentiful area amenities including a 140-room Hilton Garden Inn, Loews movie theatre, and Overpeck County Park.

 

 

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.

 

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12/20/2012 - 16:17

Source

CBRE

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