The seller, a private equity fund, was represented by Patrick Arangio and Christopher McGlone of CBRE's National Loan & Portfolio Advisory Group, working in collaboration with Jeffrey Dunne, Kevin Welsh, and Brian Schultz of CBRE Institutional Properties.

“Due to the current occupancy, acquisition financing was limited,” says Michael DiFede, director of acquisitions for Bergman Real Estate Group. “We were fortunate to have a long standing relationship with M&T Bank who provided a flexible acquisition loan.” M&T Bank was represented by Rick Steel and Mark Zurlini.

1099 Wall Street West offers direct access to Route 3 and 17 and is within minutes of the New Jersey Turnpike and the Garden State Parkway. The property is less than 10 miles from Midtown Manhattan and is easily is accessible by NJ Transit bus service located directly in front of the building, or NJ Transit train via the Kingsland station located within one mile or the Secaucus Junction station within 5 1/2 miles.

Founded in 1988, Bergman has built niche expertise in acquiring and successfully repositioning underperforming properties. The firm currently manages 17 office buildings totaling 1.8 million square feet.

LYNDHURST, NJ—1099 Wall Street West, a long-time mainstay of the Meadowlands office market, has been acquired by Bergman Real Estate Group.

“This is an excellent location with substantial residential and retail nearby, as well as banks, hotels, Met Life Stadium and the American Dream Meadowlands entertainment center under construction,” says Michael Bergman, president and CEO of the Woodbridge-based company. “The Meadowlands is a vibrant market that has evolved into more of a live/work lifestyle environment with exceptional access to New York City.”.

The 120,000-square-foot, three-story office building situated on 7.5 acres in Lyndhurst was one of the first office buildings to be built in the Meadowlands. The property was 50-percent leased at the time of acquisition and is presently home to more than 30 companies. 1099 Wall Street West fills a niche in the market for smaller to mid-size tenants ranging from 750 to 10,000 square feet.

In keeping with its focus on buying well located, value-add office opportunities, Bergman plans on repositioning the property with improvements to the common areas, inside and out, and new amenities, including a conference/training center, a lounge for employees and improved on-site food services.

The seller, a private equity fund, was represented by Patrick Arangio and Christopher McGlone of CBRE's National Loan & Portfolio Advisory Group, working in collaboration with Jeffrey Dunne, Kevin Welsh, and Brian Schultz of CBRE Institutional Properties.

“Due to the current occupancy, acquisition financing was limited,” says Michael DiFede, director of acquisitions for Bergman Real Estate Group. “We were fortunate to have a long standing relationship with M&T Bank who provided a flexible acquisition loan.” M&T Bank was represented by Rick Steel and Mark Zurlini.

1099 Wall Street West offers direct access to Route 3 and 17 and is within minutes of the New Jersey Turnpike and the Garden State Parkway. The property is less than 10 miles from Midtown Manhattan and is easily is accessible by NJ Transit bus service located directly in front of the building, or NJ Transit train via the Kingsland station located within one mile or the Secaucus Junction station within 5 1/2 miles.

Founded in 1988, Bergman has built niche expertise in acquiring and successfully repositioning underperforming properties. The firm currently manages 17 office buildings totaling 1.8 million square feet.