Insignia/ESG of New Jersey, based in Saddle Brook, exclusively represented IMG in the transaction. The firm's senior managing director, Jeffrey Babikian, arranged the lease. Nationally, Insignia/ESG represents a property portfolio of approximately 230,000 sf.
Allendale Corporate Center, owned and managed by Allendale Associates, a local group, is a 550,000-sf, class A corporate office/high-tech park. The asset is located adjacent to a 100-acre natural preserve. It is also located at a full interchange of Route 17, near both I-287 and the Garden State Parkway.
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