Advance achieves 94% occupancy in NJ.Advance Realty realty n. a short form of "real estate." (See: real estate) REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property. Group ended 2007 with a performance that resulted in 311,038 s/f of consummated lease transactions, increasing overall occupancy to 94.20% at its New Jersey and Washington, D.C., region portfolio of office buildings. The company also made significant progress on more than 500,000 square feet of development projects, high-lighted by the groundbreaking of the Morris County, N.J.-based Picatinny Applied Research Campus, a planned 1.1 million-square-foot development. Phase I, which broke ground in September of 2007, includes 100,000 s/f of office/flex space within the boundaries of the base's high security enclosure (Picatinny's "downtown area"). Phase II includes one million square feet of office space to be developed just outside of the base's high security area. Additional progress in Advance's more than $1 billion development pipeline was the completed renovation of the 320,000 s/f Advance @ Southgate office building in Morris Township There are several places named Morris Township in the United States:
Phase I of the Harrison MetroCentre transit village A transit village is a planned development around a transportation hub, such as a train station, with the intent to make it convenient for village dwellers to get to/from work or run errands and travel via a public transportation network. will include retail space, a cinema and fitness center, a 350-room hotel, office space, and residential units. "We concluded 2007 with significant momentum and results following several new and completed development projects, as well as a strong leasing performance within our existing Class A office portfolio," said Peter Cocoziello, president & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Advance Realty Group. "Overall, we raised our entire portfolio occupancy rate Noun 1. occupancy rate - the percentage of all rental units (as in hotels) are occupied or rented at a given time pct, per centum, percent, percentage - a proportion in relation to a whole (which is usually the amount per hundred) , made significant progress of several in-progress development projects, and well-positioned the company for a strong 2008 and beyond." Highlights of 2007 lease transactions within Advance's 5.5 million-square-foot, Class A office building portfolio include:Lockheed Martin For the former company, see . Lockheed Martin (NYSE: LMT) is a leading multinational aerospace manufacturer and advanced technology company formed in 1995 by the merger of Lockheed Corporation with Martin Marietta. renewed for 71,507 s/f at 14550 Avion Parkway in Chantilly, Va.; Simonik Moving & Storage, Inc., expanded to 52,200 s/f at Advance@Middlebrook Crossroads in Bridgewater, N.J.; Hewlett-Packard Company renewed for 35,513 s/f at Advance at Branchburg in Branchburg, N.J.; The Mitre Corporation (body) MITRE Corporation - A US federally funded R&D center, spun off in 1958 from the MIT Lincoln Laboratory (also an FFRDC). MITRE is a non-profit corporation chartered to do R&D in the public interest. leased 30,940 s/f at Metro East Business Campus in Landover, Md.; Ortho-Biotech Incorporated renewed for 23,000 s/f at Advance at Branchburg in Branchburg, N.J.; Maquet, Inc., leased an additional 17,910 s/f at Advance@Middlebrook Crossroads in Bridgewater, N.J.; Mobile Access Networks renewed and expanded to 11,962 s/f at 8391 Old Courthouse Road in Vienna, Va.; HQ Global Workplaces renewed for 11,755 s/f at One Gateway in Newark, N.J.; Meyner & Landis, LLP LLP - Lower Layer Protocol renewed for 10,154 square feet at One Gateway in Newark, N.J. |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion