CB Richard Ellis' Central New Jersey office represented both the tenant, a minority-owned IT company, and the owner of the two buildings, the locally based Federal Business Centers. The two buildings are located within the latter's Raritan Center business park.
Mindy Lissner, first vice president of CBRE, was responsible for completing the transaction on behalf of Argent Associates, a firm that provides supply-chain management, network security and IT/telecom network services for enterprise and communications service providers. Founded in 1998, Argent Associates uses the 140 Fieldcrest Ave. location as its corporate headquarters. Besides its local facilities, the company has operations in six other states and has affiliates in five other countries.
"We were able to accommodate Argent's expansion needs into an additional 45,000 sf, as well as their renewal in their current 59,578 sf, meeting both their facility and business requirements," says Lissner.
Federal Business Centers was represented in the transaction by CBRE vice president Scott Belfer, who had earlier represented the owner in its acquisition of the two facilities. The terms of the latest lease transaction were not disclosed.
CBRE's Central New Jersey offices are currently split between locations in Woodbridge and East Brunswick, the latter being the pre-merger regional office of Insignia/ESG. The firm, which has consolidated its North Jersey office in Saddle Brook, NJ, will combine the two Central Jersey offices in East Brunswick's Tower Center later this spring.
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