RUTHERFORD, NJ—ColliersInternational has arranged a long-term, 18,768 SFlease for Clermont Specialty Managers, a W. R.Berkley company, at the Meadows Office Complex at 301 Route 17North here.
The commercial property casualty insurance provider willrelocate from its current New Jersey office in Hackensack.Clermont will occupy the space in late summer,pending build out of the custom-designed space on the 9th floor.The 600,000-square-foot commercial building is owned and managed byOnyx Equities.
"The asset's recent capital improvements, including the additionof a new cafeteria, conference rooms, and fitness center, amongothers, were a major draw for our client," says HowardKaplowitz, a senior managing director with ColliersInternational, who along with executive managing director JohnCunningham represented the tenant in the transaction. “The Class-Aunit will also accommodate Clermont Specialty Managers' space needsas the company continues to expand.”
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 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.