CNBC's new headquarters and Studio facility tops off.

The steel erection on CNBC's new headquarters and studios in Englewood Cliffs, N.J. has been topped out, announced Alan T. Kessler, president and CEO of Commercial Developments International/East Inc., the design/builder of the new facility.

Next month, the facility's core and shell will be substantially complete, and the building will be ready for interior fit out, including installation of the studio's technical equipment.

"We are delighted to have had the opportunity to offer this site :to CNBC for development, and pleased to serve as developer for this state-of-the-art facility in one of the New York metropolitan area's most desirable locations," said Kessler.

CNBC's new 500,000 SF, state-of-the-art facility will be built in two phases.

The first phase includes construction of a three-story, 300,000-square-foot building with a 17,500 SF studio in column-free 35-foot-high space, 40,000 SF of technical support space, a fitness center, an employee dining facility and general office space.

Phase two of the project, which involves construction of 200,000 SF of additional offices, will be developed when required by CNBC.

CDI/East is a developer of quality office buildings, office parks, mixed-use and multifamily developments, and invests in high-quality properties. CDI/ East is a subsidiary of Kajima U.S.A., whose parent, Kajima Corporation, with operations globally, is one of the largest development and construction companies in the world.