CBRE SECURES LEASE AT CLASS-A RED BANK OFFICE BUILDING
SADDLE BROOK, N.J. (March 8, 2012) – CBRE, New Jersey’s largest commercial real estate brokerage firm, announced today that the firm represented The Sawtooth Group, in a 19,713-sq.-ft. lease transaction at 141 West Front Street, Red Bank, N.J.
The full-service marketing and communication agency focusing on brand testing and strategy is subleasing the space from K. Hovnanian and relocating from Woodbridge. CBRE First Vice President Suzanne Macnow and Vice President Adam Englander represented the tenant.
“The Sawtooth Group appreciated this well-maintained property with a convenient location right off the parkway and exceptional amenities,” said Ms. Macknow. “Additionally, the vibrant Red Bank downtown area is also ideal for their employees.”
The three-year-old 92,000 rentable-sq.-ft. Class A office building is owned by a joint venture of Mack-Cali and PRC Group. Amenities include on-site garage parking, full-time property management, a full-service restaurant, flexible floor plates and fiber optics. The site is located near the downtown area with convenient accessibility to the Garden State Parkway.
The site boasts a tenant roster that includes Ameriprise, Booz Allen Hamilton, Deutsche Telekom, Genova Burns & Venoia, Global Compliance, Littleton Joyce Ughetta Kelly & Park, Opus Trading Group, The Benchmark Group and V-12 Group. Current availabilities include 4,959 square feet and 2,579 square feet on the first floor and 2,486 square feet on the third floor.
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.