Press Release brought to you by Denholtz Associates

Denholtz Associates Completes Lease Expansion at Somerset Executive Square with Long-Term Tenant

03/21/2012

 

DENHOLTZ ASSOCIATES

DENHOLTZ ASSOCIATES COMPLETES LEASE EXPANSION AT SOMERSET EXECUTIVE SQUARE WITH LONG-TERM TENANT

Denholtz Associates, a New Jersey-based real estate development company, is pleased to announce the completion of a 51.000 square foot long-term lease renewal and expansion with Galaxy Systems, Inc. at 2 Executive Drive at Somerset Executive Square in Somerset, N.J. 

Galaxy, which delivers high quality contract and permanent IT staff augmentation services for both consulting and project-based engagements, was represented by Michael Morris and Rich Madison of Newmark, Knight Frank in the transaction.

“As our organization continues its growth, Somerset Executive Square will be providing us with continuity of infrastructure, location and services to accommodate our expansion and, importantly, our clients,” said Steve Weiss, Chief Financial Officer, Galaxy Systems.  “We look forward to expanding upon our longtime association with Denholtz Associates.”

“We are pleased that Galaxy Systems will remain on the tenant roster at Somerset Executive Square until 2020 and that the complex continues to meet their requirements,” stated Steven Geltzeiler, Director of Leasing of Denholtz Associates. “It has been gratifying to watch this highly regarded and valuable tenant flourish in this location and we look forward to growing our relationship with them in the future.”

Somerset Executive Square is a three-building office complex, which totals 250,000 square feet. The buildings feature attractive exteriors and quality interior finishes. Onsite amenities include property management office, cafeteria, banking, covered executive parking and 24/7 building access. The complex is conveniently situated in the heart of the I-287/Somerset office market, within a short distance to the Garden State Parkway, New Jersey Turnpike and less than 30 miles from Newark Liberty Airport. Nearby amenities include restaurants, malls, banks, hotels and conference centers.

About Galaxy

Headquartered in Somerset, N.J., the Galaxy family is comprised of two separate but affiliated companies – Galaxy Systems and GalaxE.Solutions – working together to deliver seamless IT consulting and project-based solutions to our customer base. For more information, visit: http://www.galaxysi.com.

About Denholtz Associates

Denholtz Associates is a privately held development, investment and management company active in office, industrial, flex and retail real estate. Headquartered in Matawan, N.J., Denholtz Associates maintains offices in Atlanta, Chicago and throughout Florida and New Jersey. The Company currently owns and manages a national portfolio of over five million square feet of commercial real estate. For more information on Denholtz Associates, visit www.denholtzassociates.com or contact Michael Beckerman, president of Beckerman, at (201) 465-8000.

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03/21/2012 - 18:14

Source

Denholtz Associates

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