WOODCLIFF LAKE, NJ—Colliers International has arranged 17,000 square feet of new, long-term leases at 123 Tice Boulevard in Woodcliff Lake, NJ, bringing occupancy at the 119,000-square-foot property to approximately 96 percent, up from 60 percent just two years ago.
The entry of the new tenants is underway following ownership's recent completion of a capital improvement program.
“The secret to bringing the occupancy up so dramatically has to do with ownership investing money into improvements, such as a new cafeteria, a better quality of food, advanced amenities, modernizing elevators, and creating an environment that is a modern, up-to-date place to work,” Richard J. Madison, executive managing director of Colliers, tells GlobeSt.com exclusively. “To effectively market an office property in Woodcliff Lake, it is essential to make it a destination that people are going to want to work in, with an environment where companies will be happy to be, having advanced amenities, a curb appeal of assets and modern buildings.”
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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].
