The tenant was co-represented in the lease transaction by Andrew Zezas, president and CEO of Real Estate Strategies Corp. of Kenilworth, NJ, and Marc Trevisan, formerly of CB Richard Ellis, who recently moved over to Cushman & Wakefield. The Realty Associates Fund VII LP, an affiliate of TA Associates Realty, owns 111 Bauer Dr., and was represented by Kwartler Associates of Waldwick. Terms were not released.
The space Topcon America will move into is currently occupied by children's giftware distributor Russ Berrie and Co., which will similarly be relocating its headquarters within the region to a location that has not yet been disclosed. "Russ Berrie's lease expires in April 2009, after which Topcon will complete its renovations and take occupancy," Zezas tells GlobeSt.com.
"Topcon has been our client for almost 15 years," Zezas says. "Marc Trevisan and I have jointly completed eight real estate acquisition and disposition projects for them, both in New Jersey and around the country. This is an important transaction for them."
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