Jones Lang LaSalle Wins Exclusive Greenbrook Executive Center Assignment
PARSIPPANY, N.J., October 31, 2012 — Jones Lang LaSalle today announced that it has been named the exclusive leasing agent for Greenbrook Executive Center, a 201,305-square-foot, Class A office building located at 100 Passaic Ave. in Fairfield, N.J.
Jones Lang LaSalle Vice Presidents Fred Hyattand Derek DeMartinoare handling the assignment on behalf of building owner, Accordia Realty Ventures, LLC, a full-service real estate firm founded in 2005 and headquartered in Fairfield. This marks the first assignment Jones Lang LaSalle has partnered on with Accordia.
Built in 1990 and acquired by Accordia Realty Ventures, LLC, in 2007, Greenbrook Executive Center was named The Outstanding Building of the Year (TOBY) in 2011 by the Building Owners and Managers Association (BOMA) after undergoing an extensive $2-million renovation. The work included replacing the HVAC systems and making them more energy efficient, in addition to upgrading the public areas. The rest rooms were rebuilt and modernized, the main lobby was refinished with new lighting and seating areas, and the parking lot was repaved.
“In the Fairfield/Wayne market, Greenbrook Executive Center stands alone as there is no comparable property that offers its incredible value with highly regarded, on-site management, best-in-class amenities, and prime location,” said Hyatt. “Accordia is responsive to its tenant base, offers competitive rates, and has made a firm commitment to maintain this property as the premier business setting in this market.”
Boasting a high occupancy and retention rate, the property can make up to approximately 43,742 square feet of space available. There are both large and small units to accommodate a variety of businesses.
The building’s exceptional amenities include high-end finishes, a newfull-service, 3,000-square-foot cafeteria with seating for 50, a dramatic three-story atrium with signature clock and flat screen TV, tasteful landscaping, tenant balconies, and abundant parking.
“Greenbrook Executive Center provides both small business owners and large regional companies with incredible advantages, including the ability to establish a Class-A identity and access to a highly skilled labor force,” stated Accordia Realty Ventures, LLC, Principal Joseph Romano. “We believe that tenants want to be housed in a location that reflects well on their businesses and we are confident that Jones Lang LaSalle will be able to identify many high-caliber candidates.”
Located along a highly traveled corridor across from Essex County Airport, the site has the added benefit of being surrounded by countless dining and retail destinations. It is just south of Route 46 and Interstate 80 with both roads providing easy access to the Garden State Parkway, Routes 23 and 3, and Interstate 287.
The top-notch tenant roster includes numerous financial and service firms such as Bleakley, Schwartz, Cooney & Finney, Crawford Risk Management Services, Strategic Family Wealth Counselors, Woodmont Properties, Rickland Orchards, LLC, Synergy Professional Associates, The Chadler Group, Quadrant Capital Management, and the State of New Jersey.
In New Jersey, Jones Lang LaSalle is a leader in commercial real estate brokerage, project management and investment sales. Employing more than 600 of the region’s most respected industry experts, the firm offers Office and Industrial Brokerage, Tenant and Landlord Representation, Project and Development Services, Property Management, and Capital Markets services to its clients in New Jersey. The operations also serve as the local service provider for the firm’s global and national corporate clients that have a presence in New Jersey.
About Jones Lang LaSalle
Jones Lang LaSalle (NYSE: JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2011 global revenue of $3.6 billion, Jones Lang LaSalle serves clients in 70 countries from more than 1,000 locations worldwide, including 200 corporate offices. The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 2.1 billion square feet worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with $47 billion of assets under management. For further information, please visit www.joneslanglasalle.com.
About Accordia Realty Ventures, LLC
Headquartered in Fairfield, NJ, Accordia Realty Ventures, LLC targets investment opportunities in undervalued, high-grade, income producing commercial properties. The company acquires and develops Class A commercial real estate in prime markets in Northern New Jersey and its surrounding vicinity and focuses on industrial, retail, office and residential asset classes, as well as mixed-use, and urban redevelopment projects. The principals have built a reputation for successfully completing a wide spectrum of creative transactions throughout the Northeast and have extensive background in the creation and development of “smart growth,” mixed-use, urban and re-development projects. For more information, visit http://www.accordiarealty.com.