FORT LEE, N.J., Feb. 16, 2017 – A flurry of tenant activity this fall has resulted in more than 33,000 square feet in new long-term leases, renewals and expansions at 9W Office Center in Fort Lee, announced Vision Real Estate Partners. The Mountain Lakes, N.J.-based firm provides asset management, property management and operational support for the 215,000-square-foot, Class A office asset located at 2200 Fletcher Ave.
A long-time 9W Office Center global wealth management tenant renewed its 12,830-square-foot commitment at the property; Jeff Babikian from CBRE represented the financial services giant in the transaction. Overseas Food Trading expanded its lease by 825 square feet for a new total of 9,219 square feet. Additionally, Jansy, which opened a regional office at 9W Office Center in 2015, also expanded its lease, more than doubling its presence to 7,971 square feet. The company provides product design, manufacturing and packaging solutions.
PixarBio Corporation, developer of pain treatment drug NeuroRelease™, opened a new office at 9W Office Center, leasing 4,881 square feet. Scott K. Perkins, Andrew Somple and Christopher Todd from NAI James E. Hanson represented the tenant; Christian Politan from Cushman & Wakefield assisted the Landlord on this transaction. Finally, investment firm Park Avenue Capital renewed its 3,175-square-foot lease at the property and was represented by Eric Ladden from Cornerstone.
Vision Real Estate Partners’ Tina Swierad, asset manager, spearheaded the recent activity representing 9W Office Center, which sits on five acres just north of the George Washington Bridge Entrance. “Tenants are drawn to 9W Office Center by the property’s accessibility to Manhattan,” she said. “The fact that they choose to stay and grow in place is a testament to the responsiveness of their landlord; benefits like ample parking, an onsite fitness center and cafeteria; and a neighborhood setting that offers walkable retail and dining.”
The recently renovated, seven story building currently is 95.6% percent occupied. It maintains a stable tenant roster anchored by Tranzact and Telemundo; both companies have been located there for more than a decade.
Vision Real Estate Partners was appointed to its role at 9W Office Center earlier this year, marking the firm’s expansion into Bergen County. The company’s Vision Management Platform continues to grow its presence throughout northern and central New Jersey. The division provides full property and asset management services for the firm’s owned portfolio, as well as property management, financial reporting and overall operational supervision in the areas of construction, capital expenditure and leasing for select third-party assignments. Vision Real Estate Partners currently oversees nearly 1.5 million square feet of office space on behalf of multiple clients.
The regional, full-service real estate firm also owns or is developing more than 5 million square feet of space, and holds over 100 acres of land parcels available for mixed-use and build-to-suit opportunities in the region. Vision Real Estate Partners is well known for its deep roots and experience in the New Jersey/New York regional marketplace, and for its track record of identifying properties with great potential and transforming them into superior assets.
For any information about leasing, please contact Sean Doherty at (973) 299-4002.