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News release

EAST RUTHERFORD, NJ

JLL Selected to Lease Office Component of Valley & Bloom in Montclair, NJ

LCOR taps firm to lease 23,650 SF of office space at planned mixed-use community


EAST RUTHERFORD, NJ, May 12, 2014 — JLL was selected by LCOR Inc. as exclusive leasing agent for the office component of Valley & Bloom, a new mixed-use community in Montclair, N.J. The firm will provide a full range of marketing and transaction services for 23,650 square feet of Class A office space at the new development.

The JLL team handling the agency leasing assignment will be led by Jonathan Meisel, managing director, and Fred Hyatt, vice president. The team will work closely with James Driscoll, senior vice president, with LCOR.

“This is an exciting new development that is part of Montclair’s vision for smart, inclusive development,” said Meisel. “Valley & Bloom is a live-work community in the midst of Montclair’s vibrant downtown. The office component of this project will offer a terrific opportunity for a boutique company or tech start-up looking for well-located, quality office space. With the first building already under way, this is an ideal time for a business seeking a custom build-out in a unique urban setting.”

“Valley & Bloom is a terrific opportunity to transform this site into a thriving section of Montclair,” said Driscoll. “Jon Meisel and Fred Hyatt are uniquely qualified to assist us in finding the right mix of office users for the project due to their unmatched local knowledge and expertise. JLL is a global industry leader with a broad range of experience in marketing high-visibility projects like Valley & Bloom.”

Valley & Bloom is being co-developed by LCOR and The Pinnacle Cos. The mixed-use community is located at 638 Bloomfield Avenue at the intersection of Orange Road, Bloomfield Avenue and Valley Road. The project is the first phase of Montclair Township’s Gateway Redevelopment Plan, which was created to foster mixed-use and smart growth redevelopment. Valley & Bloom will comprise two buildings that will include a total of 258 apartments ranging from studio to two-bedroom layouts, approximately 23,650 square feet of office space, 21,372 square feet of retail space and 571 parking spaces. 

LCOR and Pinnacle broke ground on the first building of Valley & Bloom in November 2013, with completion of the entire project expected in spring 2015. The 23,650 square feet of office space available can be leased in its entirety or smaller portions can be subdivided and customized for individual tenant needs. Office tenants at Valley & Bloom will have access to an array of top-of-the-line amenities that include a fitness center with showers and a separate room for dance or yoga, bike storage and a parking garage with a state-of-the-art stacking system. In addition, the residential component will feature a resident lounge with Wi-Fi, a gaming area, a children’s playroom and a total of four landscaped outdoor spaces, including two roof deck spaces and two interior courtyards.

Designed for Leadership in Energy & Environmental Design certification, Valley & Bloom will feature a number of sustainable design elements including homes with Energy Star appliances, specially insulated Energy Star windows and water use reduction for kitchen and bath fixtures including low-flow toilets, specially designed dishwashers and shower heads. Additional green features include on-site renewable energy sources; green roofs with plantings that reduce energy costs, assist in rainwater collection and reduce air pollution; a non-smoking building policy; and shuttle access to Montclair’s public transportation options.

Valley & Bloom is located within one mile of two NJ Transit commuter rail stations offering direct service to Midtown Manhattan. The mixed-use community is a few blocks from Montclair Center, the township’s main business district at the intersection of Bloomfield Avenue, South Fullerton Avenue, Glen Ridge Avenue and Church Street. Also known as the Six Corners, the area boasts the best restaurants, shopping and entertainment. Valley & Bloom is two blocks away from The Montclair Art Museum and close to Montclair State University, a diverse liberal arts university with nearly 20,000 students.

JLL is a leader in the northern/central New Jersey commercial real estate market, with more than 500 professionals and support staff providing agency leasing, tenant representation, industrial services, strategic consulting, project and development services, property management and investment sales/capital markets services to New Jersey's leading corporate tenants, investors and landlords. The firm, which assists clients from three full-service offices in Parsippany, Iselin (Metropark) and East Rutherford, also acts as local service provider for JLL global and national corporate clients in need of real estate assistance in New Jersey.

About JLL
JLL (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 fee revenue of $4 billion, JLL has more than 200 corporate offices and operates in 75 countries worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3 billion square feet and completed $99 billion in sales, acquisitions and finance transactions in 2013. Its investment management business, LaSalle Investment Management, has $48.0 billion of real estate assets under management. For further information, visit www.jll.com.