RUTHERFORD, NJ—Colliers International has arranged a long-term, 18,768 SF lease for Clermont Specialty Managers, a W. R. Berkley company, at the Meadows Office Complex at 301 Route 17 North here.
The commercial property casualty insurance provider will relocate from its current New Jersey office in Hackensack. Clermont will occupy the space in late summer, pending build out of the custom-designed space on the 9th floor. The 600,000-square-foot commercial building is owned and managed by Onyx Equities.
"The asset's recent capital improvements, including the addition of a new cafeteria, conference rooms, and fitness center, among others, were a major draw for our client," says Howard Kaplowitz, a senior managing director with Colliers International, who along with executive managing director John Cunningham represented the tenant in the transaction. “The Class-A unit will also accommodate Clermont Specialty Managers' space needs as the company continues to expand.”
Because it is located directly off the New Jersey Turnpike on Route 17, The Meadows Office Complex is easily accessible by both the company's employees and its customers and is easily accessible to Manhattan, Cunningham says.
Tim Greiner of Newmark Grubb Knight Frank, represented the landlord in the transaction.
Colliers International is a global leader in commercial real estate services, with over 15,800 professionals operating out of more than 485 offices in 63 countries. A subsidiary of FirstService Corporation, Colliers International delivers a full range of services to real estate users, owners and investors worldwide, including global corporate solutions, brokerage, property and asset management, hotel investment sales and consulting, valuation, consulting and appraisal services, mortgage banking and insightful research. The latest annual Lipsey Company survey ranked Colliers International as the second-most recognized commercial real estate firm in the world.
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
