Opteum Signs On at Center

Owner Mt. Arlington Development LP was represented by Randy Eigen, managing director of CB Richard Ellis, who has the exclusive for the property. Opteum was represented by Studley. Terms of the lease, at the 132,000-sf 400 Valley Rd. within the multi-building complex, were not disclosed.

400 Valley Rd. is the fourth building to rise within Mt. Arlington Corporate Center, and the first of a second generation of three new buildings that will add about a half million sf to the complex. Ground will be broken later this year for the second of the new buildings, according to William J. Myrtle, managing partner of Mt. Arlington Development, and a facelift is under way on the existing structures.