CB Richard Ellis Completes Lease at GlenpointeCenter West in Teaneck, NJ
By Mel Fabrikant Wednesday, March 19, 2008, 03:30 PM EDT
CB Richard Ellis, New Jersey's largest commercial real estate brokerage firm, has recently completed a 50,615-square-foot lease on behalf of the law firm DeCotiis, Fitzpatrick, Cole & Wisler, LLP, at Glenpointe Center West, a 330,000-square-foot office building, located at 500 Frank W. Burr Boulevard in Teaneck.
CB Richard Ellis' Nicholas Savage, Charles Laginestra, Michael Laginestra, Ron Volk and Thomas Tucci represented the tenant in this transaction. The landlord, Alfred Sanzari Enterprises, was represented in-house.
"We are pleased to have completed this lease on behalf of DeCotiis, Fitzpatrick, Cole & Wisler," stated Savage. "The firm's current lease at Glenpointe Center West is divided between two separate floors in non-contiguous space. This new lease enabled the firm to consolidate and relocate to the entire fifth floor of the building to achieve maximum efficiency for its office needs with minimal capital expenditures."
A major capital improvement program is underway at Glenpointe Center West, which will include renovations to the Marriott at Glenpointe and Spa, as well as all new ceilings, accented lighting, seating, fountains, aquarium, stone floors and wall coverings. There will be additional renovations to the food court, atrium, rotunda, all entrances, elevators, bathrooms, public corridors and covered walkways. Once this capital improvement program is complete, all public areas will be Wi-Fi, a rare amenity in New Jersey office buildings.
Glenpointe is recognized as one of the premier office complexes in the region, was the first true mixed-use development in New Jersey and is still the benchmark in the category. The park features three interconnected office buildings totaling 650,000 square feet of space: Glenpointe Centre West, Glenpointe Centre East and the Atrium at Glenpointe; the 26,000-square-foot Spa at Glenpointe; the 350-room Marriott at Glenpointe Hotel and Conference Center; and The Courts of Glenpointe, a 164-unit residential community. Located at the intersection of Interstate 80 and the New Jersey Turnpike, Glenpointe is less than three miles from George Washington Bridge and Routes 4 and 46, offers express public transportation to and from Manhattan and is convenient to all area airports. In addition, Glenpointe offers an unparalleled amenities package including a recently renovated health club and spa with indoor pool, full-service bank, cafeteria, restaurant, travel agency and dry cleaners on-site, as well as a parking garage, 24/7 security and on-site management.
About CB Richard Ellis
CB Richard Ellis Group, Inc. (NYSE:CBG), an S&P 500 company headquartered in Los Angeles, is the world's largest commercial real estate services firm (in terms of 2007 revenue). With over 29,000 employees, the Company serves real estate owners, investors and occupiers through more than 300 offices worldwide (excluding affiliate offices). CB Richard Ellis 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. In 2007, CB Richard Ellis was named one of the 50 "best in class" companies by BusinessWeek, and one of the 100 fastest growing companies by Fortune. Please visit our Web site at www.cbre.com.
CB Richard Ellis' Nicholas Savage, Charles Laginestra, Michael Laginestra, Ron Volk and Thomas Tucci represented the tenant in this transaction. The landlord, Alfred Sanzari Enterprises, was represented in-house.
"We are pleased to have completed this lease on behalf of DeCotiis, Fitzpatrick, Cole & Wisler," stated Savage. "The firm's current lease at Glenpointe Center West is divided between two separate floors in non-contiguous space. This new lease enabled the firm to consolidate and relocate to the entire fifth floor of the building to achieve maximum efficiency for its office needs with minimal capital expenditures."
A major capital improvement program is underway at Glenpointe Center West, which will include renovations to the Marriott at Glenpointe and Spa, as well as all new ceilings, accented lighting, seating, fountains, aquarium, stone floors and wall coverings. There will be additional renovations to the food court, atrium, rotunda, all entrances, elevators, bathrooms, public corridors and covered walkways. Once this capital improvement program is complete, all public areas will be Wi-Fi, a rare amenity in New Jersey office buildings.
Glenpointe is recognized as one of the premier office complexes in the region, was the first true mixed-use development in New Jersey and is still the benchmark in the category. The park features three interconnected office buildings totaling 650,000 square feet of space: Glenpointe Centre West, Glenpointe Centre East and the Atrium at Glenpointe; the 26,000-square-foot Spa at Glenpointe; the 350-room Marriott at Glenpointe Hotel and Conference Center; and The Courts of Glenpointe, a 164-unit residential community. Located at the intersection of Interstate 80 and the New Jersey Turnpike, Glenpointe is less than three miles from George Washington Bridge and Routes 4 and 46, offers express public transportation to and from Manhattan and is convenient to all area airports. In addition, Glenpointe offers an unparalleled amenities package including a recently renovated health club and spa with indoor pool, full-service bank, cafeteria, restaurant, travel agency and dry cleaners on-site, as well as a parking garage, 24/7 security and on-site management.
About CB Richard Ellis
CB Richard Ellis Group, Inc. (NYSE:CBG), an S&P 500 company headquartered in Los Angeles, is the world's largest commercial real estate services firm (in terms of 2007 revenue). With over 29,000 employees, the Company serves real estate owners, investors and occupiers through more than 300 offices worldwide (excluding affiliate offices). CB Richard Ellis 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. In 2007, CB Richard Ellis was named one of the 50 "best in class" companies by BusinessWeek, and one of the 100 fastest growing companies by Fortune. Please visit our Web site at www.cbre.com.
