The tenant was represented in the re-signing by Marj Fujita,senior vice pesident, and Gregory Barkan, first vice president, ofCB Richard Ellis in Saddle Brook, NJ. The owner of the building,East Meadow Corp., was represented by Cushman & Wakefield ofNew Jersey. Renewal terms were not released.
"The building was built exclusively for Toshiba nearly 20 yearsago," Fujita says. "It's a first-class facility, and it remains anideal location for Toshiba's North American operations."
"It meets their needs, and renewal was the right strategy fromtheir financial and operational perspectives," Barkan says. "Thelocation within the upper Route 46/23 industrial submarket providesa strategic advantage for Toshiba America."
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
