LITTLE FALLS, NJ—New tenants apparently like what they see so far from the renovations at Overlook Corporate Center in Little Falls, NJ. Colliers International, which has the exclusive leasing assignment for building owner Theta Holding Company, LP, says the new amenities and the building's location near the Montclair branch of NJTransit's Morristown Line rail service are big selling points.
“We, along with the landlord, decided to bring the building back to its trophy status by doing an overhaul to the building,” Richard Mirliss, Colliers executive managing director, tells GlobeSt.com exclusively. Mirliss says Colliers hired design firm Gensler to create the amenities package and subsequently to help with rebranding the property.
“The thought process behind it was that buildings with these amenities are in the low single digits of vacancy and getting some of the highest rates in the state,” says Richard J. Madison, a Colliers executive managing director who also works on the leasing team for the property. “People are willing to pay for the quality of the assets.”
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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].
