CIBC Oppenheimer provides custom-tailored financial programs for high net-worth investors and institutions. Parent CIBC World Markets was displaced from its headquarters at One World Financial Center after the World Trade Center attacks.
"We had already planned to establish a presence in New Jersey," according to Ben-Menachem. "In the wake of the events of September 11, we were determined to expedite the process in order to accommodate many of the account executives who worked in Downtown Manhattan and to better serve our clients in the region."
The transaction was completed within two months, according to Susanne Newmark, president of Newmark Associates, a Hanover Twp., NJ-based firm who represented CIBC Oppenheimer. Also involved in the transaction were Tom O'Connor, facilities director for CIBC world Markets, and Roger Steinhardt, director of commercial leasing for property owner Kushner Cos.
According to Steinhardt, "we are currently involved in negotiations with several additional tenants for the property, including a number of requirements of 50,000 sf or more. The building includes 45,000-sf flexible floor plates and an additional 24,000 sf on a lower level."
The new building also represents the Florham Park-based Kushner's finishing point for Columbia Corporate Center. Kushner also maintains its headquarters at the three-building campus, which totals some 260,000 sf.
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