SUMMIT, NJ-Construction has started for Claremont Office Center,a 42,000-sf class A complex on 1.6 acres in this Union Countycity's Downtown area. Located at 535 Springfield Ave., the projectis being done by an affiliate of Greenock Capital, a New YorkCity-based private investment firm.


Claremont Office Center will combine an existing 19th centurybuilding occupied by Dr. William H. Risk, a prominent physician whocame to Summit in 1873, with new construction. The existingbuilding will be preserved and converted into office space and willbe attached to new construction consisting of two floors of officesatop two levels of structured parking. WESKetch Architecture ofMillington is the architect of record.


“We're combining the facade of the existing Risk Building with anew office building that provides the modern amenities that tenantsrequire,” says Claremont/Greenock CEO Chris Innes. “This project,we believe, will offer tenants a space option unlike any other inthe Summit/Short Hills area.”


And Claremont has hired CB Richard Ellis brokers Jeffrey Hellerand William McCaffrey to find tenants for the property, which islocated in the Morris Avenue corridor near Route 24 and Interstate78. The space is currently listed on CBRE's website as divisible to2,000 sf with an asking price of $50 per sf.

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