RIDGEFIELD PARK, NJ—Samsung SDS has expanded its office space in Ridgefield Park threefold, signing a five-year lease with KABR Group for 54,000 square feet of office space at 100 Challenger Road at Overpeck Corporate Centre. The electronics firm previously leased 17,000 square feet.
The Samsung SDS expansion, as well as space leased by Samsung Electronics America and Samsung Techwin, raises Samsung's overall presence in Ridgefield Park to 300,000 square feet.
Dan Lessing, principal at DSR Group represented KABR Group and A. Paul March, managing director of Newmark Grubb Knight Frank, represented Samsung.
“We welcome the Samsung SDS expansion to 100 Challenger and are proud of our growing partnership with Samsung, which began with SEA moving its North American corporate headquarters down the block to 85 Challenger,” says Laurence Rappaport, CEO of KABR Group. “We are pleased that our continued commitment to providing the best possible tenant experience continues to attract world-class companies like Samsung SDS that are looking for the best amenities, proximity and convenience for its employees wanting the best work and life balance.”
Samsung's move into 100 Challenger comes after a dramatic renovation of the 150,000 square foot commercial office building. KABR's $1 million capital improvement program includes a new café, a fully-equipped gym, beautifully remodeled main lobby, shared conference room in lobby and newly resurfaced parking areas, which include charging stations for environmentally friendly electric cars. As part of the agreement, Samsung will have signage rights to the building that overlooks the New Jersey Turnpike connection.
The eight-story 100 Challenger Road, which is also the corporate headquarters of KABR, is at the Exit 68 ramp from I-95 that serves as the entrance to Overpeck Corporate Centre. The complex recently got new roads and sidewalks from Bergen County. The Centre is adjacent to the 370-acre Overpeck County Park, which just received a $10 million makeover including tennis and basketball courts, horseback riding, ball fields, boat launch, walking and riding path.
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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].
