The CresaPartners team of Dennis Gralla, James J. Scancarella and Christopher Crooks, all principals, represented CDM. Landlord Summit Associates was represented by Vincent Visceglia Esq. Terms of the deal were not available by deadline.
"CDM has occupied space within Raritan Plaza I for over 20 years," Gralla tells GlobeSt.com. "CresaPartners prepared an in-depth analysis of all viable alternatives in the market before CDM elected to relocate and expand their operation via an upgrade to a more efficient space within the building." CDM will be relocating to the expanded space on the sixth floor of Raritan Plaza I during the fourth quarter of 2009.
The property is located within Raritan Center, which features the New Jersey Convention and Exposition Center, several hotels, three banks, a travel agency, a day care center, News 12 New Jersey, and a US Post Office, as well the regional operations for both the United Parcel Service and Federal Express. Raritan Plaza I is a 262,500-square-foot class A office building situated near the Garden State Parkway, the New Jersey Turnpike, Interstate 287 and Routes 1, 9, 35, and 440.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
