The most significant transaction was Science Applications International Corp., which leased 37,100 square feet on two floors. SAIC is a Fortune 500 company that specializes in providing scientific, engineering and technology applications and solutions for the public and private sector industries of national security, energy, environment, critical infrastructure and health. SAIC employs 45,000 people in 150 cities worldwide.
Steven L. Fleming, senior vice president of Jones Lang La Salle, was the sole broker who represented SAIC on this lease transaction, while John G. Osborne, executive director of leasing and marketing for Bergman Real Estate Group, represented the landlord, 155 Passaic Venture LLC.
"Not only does this transaction emphasize the quality of this asset, but it helps stabilize the occupancy of the property after we unexpectedly lost a full-floor mortgage company last September," John Osborne, executive director of leasing and marketing for Bergman Real Estate Group, tells GlobeSt.com.
Business Processes Redefined LLC, a receivables management firm for companies looking to outsource their debt-collection activities, leased 2,220 square feet of office space on the third floor of the building. Kelly Ziegenfuss, assistant director of leasing and marketing for Bergman Real Estate Group, was responsible for negotiating this lease on behalf of the landlord and tenant.
According to Zigenfuss, Bergman was able to quickly place Business Processes in a quality temporary space while they waited for the permanent space to be built out.
Two additional leases were made with Petry Engineering LLC for 1,900 square feet on the first floor of the building, and Airshares Elite NY LLC for 1,350 square feet on the third floor. Len Stagnito of Jack Silverman Realty represented Petry Engineering, while Mitchell Roman of American Properties Network represented Airshares Elite.
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