CBRE WINS EXCLUSIVE LEASING ASSIGNMENT FOR SUMMIT CORPORATE CENTER
SADDLE BROOK, N.J. (Feb. 1, 2012) – CBRE, New Jersey’s largest commercial real estate brokerage firm, announced today that the firm has secured the exclusive leasing assignment for the Silverman Group’s premier Summit Corporate Center at 180 River Road in Summit, N.J CBRE Executive Vice President Jeffrey L. Heller, SIOR, is handling the assignment for The Silverman Group.
The approximately 45,000-sq.-ft., Class A, two-story asset has a 29,872-sq.-ft. availability. The state-of-the-art site offers numerous amenities including covered parking and available building signage. The office building is located minutes from the downtown area and close to both the Summit and Chatham retail corridors and train stations. It boasts a location directly off of the I-24 interchange and within a half mile of Short Hills Mall and the Short Hills Hilton. Additionally, an Equinox Health Club is currently being constructed one half mile from the site. There is also a full-floor availability in the building, which also houses State Farm offices.
“Summit Corporate Center is a prime office asset in one of the best locations in New Jersey,” said Heller. “It is an ideal site for any type of corporate user with a host of retail offerings in the vicinity as well as access to both major roadways and a express service train line.”
The building compliments another Silverman Group owned asset, 97 Main Street in Chatham Borough, where the company recently signed a long-term lease for 7,700 SF with Point Capital Partners. Currently, there is an additional 7,000 SF unit available on the first floor, which can also be divided. Both assets are currently undergoing building renovations, including exterior, common area and facility upgrades.
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 2010 revenue). The Company has approximately 31,000 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.
About The Silverman Group
Based in Short Hills, NJ The Silverman Group is a family owned and operated private equity and real estate development organization, which owns 5.5 million square feet of office, industrial, retail and aviation properties throughout the Unites States. The company also owns more than 4,000 multi-family rental units in the Norteast. The Silverman Group encompasses in-house leasing, architectural, legal and construction management. To find out more about our company please visit our website: www.silvermangroup.net