Activ Financial Systems Inc.--a provider of market data content and technologies to market makers, hedge funds, brokers and trading systems--is leasing 5,109 square feet of office space in the building. Activ was represented by Ed Duenas and Dan Johnsen of Cushman & Wakefield of New Jersey.
Meanwhile, claims management solutions firm Specialty Claims Management LLC has leased an additional 4,917 square feet of office space. Charlie Dillon of Jones Lang LaSalle represented the tenant. John Osborne and Kelly Ziegenfuss of Bergman Real Estate Group represented the landlord for both transactions.
Bergman and its JV Partner, Gottesman Real Estate Partners, purchased 333 Meadowland Pkwy. in 2006 from then-owner Hartz Mountain Industries for $14.25 million, and immediately implemented various renovations to the common areas including new carpeting, wall coverings and artwork and lighting, as well as new granite counters and ceramic floors in the restroom. They also resurfaced the building's patio and added new benches, planters and umbrellas.
Prior to the Bergman acquisition, the property underwent a massive capital investment program, with an excess of $2 million spent replacing the building's façade and upgrading mechanical systems. Bergman is currently marketing several available units at the building ranging from 2,400 to 14,000 square feet, with rental rates ranging from $18 to $23 per square foot.
"We are pleased to have secured these lease agreements with both Activ Financial and Specialty Claims Management at one of our top assets in the marketplace," says John Osborne, executive director of leasing and marketing for Bergman Real Estate Group. "[The property at] 333 Meadowland Pkwy. offers tenants extremely competitive rents, outstanding quality, service and amenities, and is in close proximity to a variety of transportation options."
The property is part of a 980-acre mixed-use community known as Harmon Cove, which features corporate offices, retail outlet shopping, waterfront condominiums, hotels and industrial facilities. Meanwhile, the building's own street-level retail space contains restaurants, a dentist office and a Chase banking branch with drive-thru. On-site management, a loading dock, FedEx and DHL services are also value-added conveniences.
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