Hovnanian taps CBRE to sublease corporate plaza.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. (CBRE CBRE CB Richard Ellis (real-estate firm) CBRE Chemical, Biological, Radiological and Explosive CBRE Component-Based Reliability Estimation CBRE Coldwell Banker Richard Ellis (Boston, MA) ) announced that it has been named the exclusive sublease sublease n. the lease of all or a portion of premises by a tenant who has leased the premises from the owner. A sublease may be prohibited by the original lease, or require written permission from the owner. agent by Hovnanian Enterprises, Inc. for 141 West Front Street in Red Bank, New Jersey. Coined Red Bank Corporate Plaza, this facility is currently under construction and is expected to be ready for Tenant fit-up in May. When completed, the facility will consist of a four-story 88,000 square foot Class A office building with an additional 4,878 square feet of retail space and a 339-car parking deck. CBRE's first vice president Suzanne Macnow, senior associate John Kaye and associate Adam Englander have been hired to sublease 66,000 s/f of office space on three floors and 4,878 s/f of retail space at Red Bank Corporate Plaza. "We are honored to have the opportunity to work with Hovnanian Enterprises on this prestigious assignment," stated Macnow. "The building is owned by a JV Partnership between PRC Group and Mack-Cali Realty Corporation. Mack-Cali, New Jersey's largest owner of office properties, is also constructing the building. This landmark state-of-the art building will offer prospective tenants an outstanding location with parking in the heart of downtown Red Bank. Monmouth County is one of the fastest growing counties in the state offering a myriad of housing options, corporate tenants and a highly-skilled and educated labor pool." "Hovnanian Enterprises, Inc. is very excited with the expansion of our presence in Red Bank," said Ara Hovnanian, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Hovnanian. "Across the street from our new world headquarters, 141 West Front Street will be another prestigious address in a great town to work and play in. Our selection of CB Richard Ellis as our sub-leasing agent adds another world class member to the Hovnanian/Mack-Cali-PRC team in Red Bank." Amenities at Red Bank Corporate Plaza will include a dedicated four-story parking deck, fiber optics fiber optics, transmission of digitized messages or information by light pulses along hair-thin glass fibers. Each fiber is surrounded by a cladding having a high index of refractance so that the light is internally reflected and travels the length of the fiber , flexible floor plates and retail. Situated in the prestigious city of Red Bank, the Jersey Shore's cultural, social and commercial center, Red Bank Corporate Plaza is convenient to 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". Exit 109, Routes 18, 35 and 36. It is within walking distance to the NJ Transit rail service on the New Jersey Coast line, just minutes to the NJ/NY Fastferry service and 48 miles to New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . |
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