CBRE completes Glenpointe Center deal.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. has recently completed a 50,615 s/f lease on behalf of the law firm DeCotiis, Fitzpatrick, Cole & Wisler, LLP LLP - Lower Layer Protocol , at Glenpointe Center West, a 330,000 s/f office building, located at 500 Frank W. Burr Frank W. Burr was the mayor of Teaneck, New Jersey from 1970-1974. He was a Methodist and an advocate for the Glenpointe development at the intersection of the New Jersey Turnpike (a portion of Interstate 95) and Interstate 80. Boulevard in Teaneck. CB Richard Ellis' Nicholas Savage, Charles Laginestra, Michael Laginestra, Ron Volk and Thomas Tucci represented the tenant in this transaction. The landlord, Alfred Sanzari Enterprises, was represented in-house. "We are pleased to have completed this lease on behalf of DeCotiis, Fitzpatrick, Cole & Wisler," stated Savage. "The firm's current lease at Glenpointe Center West is divided between two separate floors in noncontiguous space. This new lease enabled the firm to consolidate and relocate to the entire fifth floor of the building to achieve maximum efficiency for its office needs with minimal capital expenditures." A major capital improvement program is underway at Glenpointe Center West, which will include renovations to the Marriott at Glenpointe and Spa, as well as all new ceilings, accented lighting, seating, fountains, aquarium, stone floors and wall coverings. There will be additional renovations to the food court, atrium atrium (ā`trēəm), term for an interior court in Roman domestic architecture and also for a type of entrance court in early Christian churches. The Roman atrium was an unroofed or partially roofed area with rooms opening from it. , rotunda rotunda In Classical and Neoclassical architecture, a building or room that is circular in plan and covered with a dome. The Pantheon is a Classical Roman rotunda. The Villa Rotonda at Vicenza, designed by Andrea Palladio, is an Italian Renaissance example. , entrances, elevators, bathrooms, public corridors and covered walkways. Once this capital improvement program is complete, all public areas will be Wi-Fi. Glenpointe is recognized as one of the premier office complexes in the region, was the first true mixed-use development Mixed-use development refers to the practice of allowing more than one type of use in a building or set of buildings. In planning zone terms, this can mean some combination of residential, commercial, industrial, office, institutional, or other land uses. in New Jersey and is still the benchmark in the category. The park features three interconnected office buildings totaling 650,000 square feet of space: Glenpointe Centre West, Glenpointe Centre East and the Atrium at Glenpointe; the 26,000 s/f Spa at Glenpointe; the 350-room Marriott at Glenpointe Hotel and Conference Center; and The Courts of Glenpointe, a 164-unit residential community. |
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