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Firm secures Bederson & Co, National Life Insurance for Accordia Realty Ventures at Class A, 202,200-SF office building
PARSIPPANY, NJ, April 26, 2013 — Jones Lang LaSalle has completed two new, direct transactions for Accordia Realty Ventures LLC at Greenbrook Executive Center, 100 Passaic Avenue in Fairfield, N.J. Bederson & Co. LP signed a 10-year lease for 15,500 square feet of commercial office space, and National Life Insurance Co. inked a five-year lease for 7,731 square feet at the Class A, 202,200-square-foot commercial office building.
The building owner, Accordia Realty Ventures, was represented in both transactions by Jonathan Meisel, managing director, and Fred Hyatt and Derek DeMartino, vice presidents, all with JLL. Bederson & Co. was represented by David Sherman and Marc Trevison, executive vice presidents, with Cushman & Wakefield Inc. National Life Insurance was represented in house.
“Greenbrook Executive Center is the highest-quality office building in the Fairfield area,” said Meisel. “For companies looking to conduct business from a top-notch facility with state-of-the-art amenities, there are no other options. Accordia’s reputation as a hands-on owner and the building’s status at the top of the Fairfield market were key elements in convincing Bederson & Co. and National Life Insurance to relocate here.”
“As the premier office property in this market, Greenbrook Executive Center continues to draw interest from high-profile companies,” said Joseph Romano, principal and co-founder, with Accordia Realty Ventures. “Bederson & Co. and National Life Insurance join a growing roster of financial services firms at our award-winning building.”
Bederson & Co. will occupy a portion of the third floor at Greenbrook Executive Center. The full-service accounting firm is consolidating into the three-story building from two separate offices in West Orange, N.J. National Life Insurance will occupy a portion of the first floor, which will be its newest branch in New Jersey.
Greenbrook Executive Center is located at 100 Passaic Avenue in Fairfield, N.J., directly across from Essex County Airport. The office property was honored by the New Jersey chapter of the Building Owners and Managers Association with its The Office Building of the Year award in 2011.JLL is a leader in the New York tri-state commercial real estate market, with more than 1,750 of the most recognized industry experts offering brokerage, capital markets, property/facilities management, consulting, and project and development services. In 2011, the New York tri-state team completed approximately 15.9 million square feet in lease transactions, arranged capital markets transactions valued at $1.57 billion, managed projects valued at more than $6.8 billion, and oversaw a property and facilities management portfolio of 63.6 million square feet and an agency leasing portfolio of 49.8 million square feet.
About Accordia Realty Ventures LLCHeadquartered in Fairfield, N.J., Accordia Realty Ventures LLC targets investment opportunities in undervalued, high grade, income producing commercial properties. The principals have built a reputation for successfully completing a wide spectrum of creative transactions throughout the Northeast and have extensive background in the creation and development of “smart growth,” mixed-use, urban and redevelopment projects. For more information, visit www.accordiarealty.com.
About Jones Lang LaSalleJones Lang LaSalle (NYSE:JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual revenue of $3.9 billion, Jones Lang LaSalle operates in 70 countries from more than 1,000 locations worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services to a property portfolio of 2.6 billion square feet. Its investment management business, LaSalle Investment Management, has $47.0 billion of real estate assets under management. For further information, visit www.jll.com.
George Shea, Mark Faris - Shea Communications