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C&W team seals 3 office leases.


The Cushman & Wakefield broker team of Andrew Merin, senior director, Norman Baker For other persons named Norman Baker, see Norman Baker (disambiguation).

Norman John Baker (born 26 July 1957 in Aberdeen) is a British politician. He is the Liberal Democrat Member of Parliament (MP) for Lewes.
, senior director, and Walter Schoenberg have negotiated three separate office lease transactions, totalling over 18,600 square feet of space.

Broadcast Music Inc., a national music licensing firm, has signed a five year lease to occupy 8,850 square feet on the second floor of Tri-Parkway Corporate Park's Building #3 at 200 Schultz Drive in Red Bank, New Jersey, according to Merin, Baker and Schoenberg, the Cushman & Wakefield brokerage team that represented the tenant in this transaction. The firm will use the space as a regional office and noted the park's easy access to the Garden State Parkway The Garden State Parkway is a 172.4-mile (277-km) limited-access toll parkway that stretches the length of New Jersey from the New York state line at Montvale, New Jersey, to Cape May at the southern tip of the state. Its name refers to the state nickname, the "Garden State".  as a primary reason for the relocation.

In a separate transaction, Arquest, Inc., a private label diaper company, signed a five year lease for 5,131 square feet at the Matrix Development Group's 101 Interchange Plaza in Monroe Township, New Jersey Monroe Township is the name of some places in the U.S. state of New Jersey:
  • Monroe Township, Gloucester County, New Jersey
  • Monroe Township, Middlesex County, New Jersey
, according to Baker, Merin, Schoenberg, Peter Hamburger, associate director, and Bradford Fenlon, associate director, the Cushman & Wakefield brokers who represented both the tenant and landlord in the transaction.

Arquest Inc., a new company formed from the purchase of a division of Chicapee, a subsidiary of Johnson & Johnson, will use the space as its corporate headquarters. The lease has an aggregate rental value rental value n. the amount which would be paid for rental of similar property in the same condition in the same area. Evidence of rental value becomes important in lawsuits in which loss of use of real property or equipment is an issue, and the rental value is the  in excess of $400,000.

In the final transaction, CSF Cerebrospinal Fluid (CSF) Analysis Definition

Cerebrospinal fluid (CSF) analysis is a laboratory test to examine a sample of the fluid surrounding the brain and spinal cord.
 Corporation, a computer consulting firm, signed a five-year lease for 4,700 square feet of space at The Tower, a 228,000-square-foot office building on Davidson Avenue in Somerset, New Jersey Somerset is a census-designated place and unincorporated area located at the eastermost section within Franklin Township, in Somerset County, New Jersey. As of the United States 2000 Census, the CDP population was 23,040. Somerset housed one of the first Marconi Wireless Stations. . The firm will use the space as a corporate headquarters, according to Baker, Merin and Schoenberg, who represented the tenant in the transaction. The computer consulting firm is relocating from 100 Franklin Square in Franklin and noted the proximity of the building to their client base as a primary reason in their decision.
COPYRIGHT 1992 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Article Details
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Title Annotation:Cushman & Wakefield
Publication:Real Estate Weekly
Article Type:Brief Article
Date:Jan 15, 1992
Words:307
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