The three-story, class A asset has a tenant roster that includesTD Waterhouse Securities, UNRISC, Advance Enterprises andIndustrial Procurement Services. The building is located adjacentto IBEW Local 164's existing headquarters, and plans call for Local164 to relocate its administrative offices into 16,000 sf at 205Robin Rd. by early next year. The space being vacated in itscurrent headquarters building will be taken by the Local's JointApprenticeship Training Center.

"This acquisition allows us to continue to pursue our growthobjective with regard to our member and contractor managementservices and programs," according to Local 164 business managerRichard Dressel. Local 164 has more than 3,400 members in Bergen,Hudson and Essex counties in New Jersey, and IBEW has over 800,000members worldwide.

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