CBRE closes 45,000 s/f flex lease.CB Richard Ellis CB Richard Ellis Group, Inc. NYSE: CBG is a multinational real estate corporation currently based in Los Angeles, California, U.S.A.. On December 20, 2006, the corporation, also known as CBRE, completed acquisition of Trammell Crow Co. in a transaction valued at $2. subleased 1 Kero Road, a 45,000 s/f flex space Flex space is a term used for lightly zoned buildings. It is mainly used when referring to industrial or office space. History Flex space evolved from light industrial warehouses being converted to office space. building located in Carlstadt, New Jersey Carlstadt is a borough in Bergen County, New Jersey, United States. As of the United States 2000 Census, the borough population was 5,917. Carlstadt was originally formed as a village by an Act of the New Jersey Legislature on March 12, 1860, within Lodi Township. . The CB Richard Ellis team of Matthew Corpuel, vice president, and Stephen D'Amato, senior associate, successfully subleased the entire building to International Paper on behalf of the tenant, Schawk Inc., for the remainder of the company's lease. In addition, Messrs. Corpuel and D'Amato represented the building owner, 1 Kero Road Associates, in structuring a five-year lease extension with International Paper. Situated on 1.8 acres, the facility is located on the corner of Washington Ave and Kero Road in Carlstadt, one mile from the Turnpike turnpike, road paid for partly or wholly by fees collected from travelers at tollgates. It derives its name from the hinged bar that prevented passage through such a gate until the toll was paid. See also road. , Route 3 and Route 17. Other amenities include Xanadu, a 4.8 million-square-foot entertainment destination in the Meadowlands, as well as a new light rail station. |
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