X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

MAHWAH, NJ-Russo Development has given the exclusive leasing assignment for its Brookline Corporate Center here to the Schultz Organization/TCN Worldwide. The assignment involves the 82,350 sf of high-tech/flex space that is currently under construction on a spec basis. The Hackensack, NJ-based Russo has received site plan approvals for up to a total of 316,000 sf of space at the site.

“We expect demand for this development to be high as this facility fills an important need for flex product and custom construction in the region,” says John Friedland, senior managing director, who is leading the assignment for the Woodbridge, NJ-based Schultz. “It is one of the few opportunities for users for new construction and finish-to-suit capabilities in New Jersey.”

Targets, according to Friedland, include data centers, office users, R&D, high-tech and industrial. The site has redundant power transmission lines, telecommunication redundancy through multiple users, and can accommodate full-building users or be divided to units as small as 11,000 sf. The site is at the junction of I-287 in New Jersey and I-87 in New York State.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.