First tenant takes occupancy at new-look office showpiece.

1 Washington Park has opened the building's newly renovated executive suites and signed its first tenant, The Trust for Public Land.

The suites, designed as headquarters space rented on a monthly basis, span 7,000 s/f and are comprised of 8 interior administrative offices and 17 perimeter offices, including an 8-office connecting suite. The Trust for Public Land will occupy two of the perimeter offices.

Tenants at the 1 Washington Park Executive Suites will enjoy all the comforts of a conventional office environment together with the flexibility not available in a traditional office lease in terms of the length of contract and size of space.

All offices can be fully furnished and tenants also will be provided with a central reception area and two on-site conference rooms. In addition, Executive Suites tenants will have access to the full menu of amenities and services available to traditional tenants including 24 hour security personnel,.

Marc E. Berson, managing member of Washington Park Fidelco, LLC and Fidelco Group chairman, commented, "The new suites are designed to accommodate organizations or individuals in need of temporary or satellite office space, but without sacrificing any amenities or conveniences associated with traditional offices, making the 1 Washington Park Executive Suites the perfect fit for The Trust Public Land or any other organization needing a flexible arrangement for class A office space in Newark."

Since its purchase in 2004, The Fidelco Group has been transforming the red brick, reflective glass building into fully modernized Class A office space, featuring a new lobby, upscale food service and convenience retail on the ground level.

The building also features full concierge service, a fitness center and a state-of-the-art conference facility available for tenants. Last year, Rutgers University purchased the first 11 floors of 1 Washington Park to relocate its business school to the building, and the university expects to break ground on its renovations before the end of 2007.

Numerous tenants have entered lease commitments at 1 Washington Park, recognizing the inherent advantages of the building as renovations near completion.