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Topcon Signs 85,427-SF HQ Lease

OAKLAND, NJ-The optical systems company will shed its existing 65,000-sf company-owned building and move into expanded leased space.

By Eric Peterson | Updated on October 01, 2008

OAKLAND, NJ-Topcon America Corp. has signed a lease for 85,427 sf at 111 Bauer Dr., a 122,100-sf, one-story flex building on five acres here. For Topcon America, a subsidiary of the Tokyo-based Topcon Corp., the signing represents a headquarters move and the pending disposition of its current company-owned headquarters. The company put its 65,000-sf building at 37 W. Century Rd. in Paramus up for sale in May.

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.

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