The financial services firm will move its headquarters operation here later this winter from its current location in nearby Livingston, NJ. The building, which is owned by the locally based Kushner Cos., is part of that firm's 500,000-sf Westminster Corporate Center. Other tenants include Oppenheimer, and the building currently has 20,000 sf still available, according to Kushner vice chairman and managing partner Richard Stadtmauer.
Stadtmauer worked with Newmark Real Estate of New Jersey, the building's leasing agent, to negotiate the transaction with Ryan Beck. Ira Bloom, director of leasing for Kushner Properties, the firm's commercial leasing and management arm, was also involved.
Jeffrey J. Garibaldi, president, managing director Jerry Moore and SVP Craig Zurich of the Chatham, NJ-based Garibaldi Group, meanwhile repped the tenant.
"Our decision to move our corporate headquarters is indicative of the firm's current growth and plans for future expansion," according to Ben A. Plotkin, Ryan Beck's chairman and CEO. His firm, founded in 1946, provides financial advice through its Private Client Group, Capital Markets Group and Investment Banking Group, and has 36 offices in 13 states.
"This property's location will provide enhanced visibility for our firm," Plotkin continues.
"All of the parties involved in this transaction created a real estate solution that met the operational, expansion and business needs of Ryan Beck and helped to create and preserve jobs for the state," says Garibaldi.
"Ryan Beck has rapidly increased its market share during the past several years," Stadtmauer adds. "The financial services industry continues to thrive in New Jersey, and we welcome Ryan Beck to the tenant roster."
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