UPPER SADDLE RIVER, NJ—Health and Wellness Partners, a global medical communications company, has acquired 98 Pleasant Avenue in Upper Saddle River, NJ from Rodico, a provider of wholesale packaging machinery.
NAI Hanson's team of Kenneth Lundberg, SIOR, Ronald Fotiu and Patrick Lennon represented Rodico. Health and Wellness Partners was represented by Christopher Olsen of Newmark Grubb Knight Frank. The firm is relocating its corporate headquarters from Ramsey, NJ.
The 14,730-square-foot, one-story property occupies 2.31 acres and was originally built-to-suit for the Young Women's Christian Association by Rodico.
“We are continuing to see companies invest in owning the buildings they work out of and we are finding continued success in relocating growing firms in order to allow them to occupy the types of assets that will allow them to grow,” says Lundberg. “The size and location of our client's property was perfect for Health and Wellness Partners and the unique atmosphere of the building as well as the ample available parking were big selling points as well. The buyer had been searching for a new home for over two-years and we are happy to have been able to work out a deal that truly benefits both sides as well as brings a great company to a great building.”
The property is directly off Route 17 and located between The Garden State Parkway, I-287 and Routes 202 and 208.
UPPER SADDLE RIVER, NJ—Health and Wellness Partners, a global medical communications company, has acquired 98 Pleasant Avenue in Upper Saddle River, NJ from Rodico, a provider of wholesale packaging machinery.
NAI Hanson's team of Kenneth Lundberg, SIOR, Ronald Fotiu and Patrick Lennon represented Rodico. Health and Wellness Partners was represented by Christopher Olsen of Newmark Grubb Knight Frank. The firm is relocating its corporate headquarters from Ramsey, NJ.
The 14,730-square-foot, one-story property occupies 2.31 acres and was originally built-to-suit for the Young Women's Christian Association by Rodico.
“We are continuing to see companies invest in owning the buildings they work out of and we are finding continued success in relocating growing firms in order to allow them to occupy the types of assets that will allow them to grow,” says Lundberg. “The size and location of our client's property was perfect for Health and Wellness Partners and the unique atmosphere of the building as well as the ample available parking were big selling points as well. The buyer had been searching for a new home for over two-years and we are happy to have been able to work out a deal that truly benefits both sides as well as brings a great company to a great building.”
The property is directly off Route 17 and located between The Garden State Parkway, I-287 and Routes 202 and 208.
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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].
