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CBRE Investors Leases 55,000 SF in Metropolitan Center

EAST RUTHERFORD, NJ-Brokers negotiated three separate transactions in six months at the 422,000-square-foot, class A office building.

By Alyson Grala | Updated on July 28, 2009

EAST RUTHERFORD, NJ-Management for Metropolitan Center, owned by the CBRE Strategic Partners US Value five fund, announced today that it has recently completed three significant lease transactions, which total 55,031 square feet, at the 422,000-square-foot center. The transactions were completed in six months, and consist of one relocation and two renewals.

Corporate Synergies Group, a global provider of software and consulting solutions to IT infrastructure, signed a 13,545-square-foot lease with a short construction period. The firm relocated its operations from the Mack-Cali Centre IV in Paramus. According to CBRE, the tenant, represented by Curtis Foster from Cushman & Wakefield and John Gillespie from Newport Commercial Real Estate Advisors, decided to move to this space due to the accessibility to New York City via the shuttle to local train stations.

Meanwhile, life science products and services provider Cambrex Corp. signed a 10-year, 10,486-square-foot lease renewal agreement. The tenant renewed within its penthouse space primarily because of the centralized location and outstanding views. Cambrex was represented by Jay Garibaldi, Matt Kirby and Michael Witko of The Garibaldi Group.

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