The Rahway, NJ-based Denholtz was represented in-house by leasing director Steve Geltzeiler. Broadcom was represented by Kim Josephson of Real Tech Inc., based in Irvine. Terms were not released.
Geltzeiler says that "this is a significant transaction. This lease reflects the ability of Metropark South II to meet the requirements of tenants like Broadcom."
Denholtz started construction for the building, located not far from the company's fully leased, 130,000-sf Metropark South I, in late 2006. Metropark South II was subsequently made ready for occupancy in late 2007.
The building's 2.7-acre site, just off Exit 120 of the Garden State Parkway, was originally slated for residential development. Denholtz acquired the property in mid-2006 from Kara Homes, which shortly thereafter declared bankruptcy.
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