ELMWOOD PARK,NJ−Avison Young will announce today that it has been named theexclusive leasing agent for a three-building complex on River Roadhere and the marketing agent for a contiguous parcel for newconstruction, GlobeSt.com has learned.

|

The 500,000-square-foot site is well-suited for construction ofa hotel or office, according to Bernard Langan,one of the complex's owners and a founder of LanganEngineering.

|

Jeffrey L. Heller, a principal of AvisonYoung's New Jersey office, said the existing complex and the newdevelopment site represent “a unique mix of value and opportunity.”Thomas G. Semler and Patrick R. Eichner completethe Avison Young team for the assignment.

|

The existing complex serves as the corporate headquarters of aFortune 500 company, the North American headquarters of a European digitalimaging company, the headquarters of a savings banks, and the headquarters of aninternational civil engineering firm.

|

The buildings at 611 and 619 River Drive and 200 RiverfrontBoulevard are set just off Route 80 at exit 61, about 12 miles fromMidtown Manhattan. They are also less than a mile from the GardenState Parkway and Route 46, close to Teterboro Airport and 16 milesfrom Newark Liberty International Airport.

|

“The three office buildings in this portfolio offer highlycompetitive space opportunities for businesses seeking to establish a presence in acentralized location without sacrificingquality or amenities,”says Eichner. “Ownership is headquartered at 200 RiverfrontBoulevard, which ensures that tenants will benefit from responsiveon-site management and ownership's commitment to maintaining thesebuildings' strong market position.”

|

Avison Young is currently marketing spaces in the threebuildings that range from 1,250-65,000 square feet.

|

The office buildings have fiber optic connections, on-sitestorage, a full-service cafeteria and communal areas, andenergy-efficient building systems. Grounds are extensivelylandscaped, with garden areas, fountains and reflective pools, acourtyard and walking paths.

|

Semler notes that there are newly-built apartments at the site.“This presents a great opportunity for a hotel operator or build-to-suit office tenant totake advantage of the area's continued growth,” he says.

|

The properties are close to an array of restaurants, from fastfood to gourmet dining, as well as shopping, banks and otheramenities.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.