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Four tenants expand at Glenpointe Complex.

Roger van Voorhees, vice president of leasing and marketing for Alfred Sanzari Enterprises, announced the renewal and expansion of four corporation tenants at the 650,000-square-foot mixed-use Glenpointe Complex, located at the intersection of 1-80 and 1-95 in Teaneck, New Jersey.

The quartet of transactions, which induded Eisa i Corporation of North America, PeopleSoft Inc., Ross-Cooper-Lund Inc. and Tiphook Container Rental Inc., totaled over 51,000 square feet and raised the occupancy of Glenpointe to 95 percent.

All four transactions were accommodated in Glenpointe Centre East. The largest tenant to expand was Eisai Corporation of North America, a subsidiary of Eisai Company Ltd., Japan, the world's fifth largest developer of pharmaceutical products. Prompted by steady growth (the company had already expanded four times in five years), they enlarged their North American Headquarters from 12,000 square feet to 19,400 square feet of contiguous office space on the fourth floor.

Glenpointe's next largest user to expand in recent months was PeopleSoft, Inc. The California-based human resources management system company quadrupled their office space from 3,899 square feet on the mezzanine level of Glenpointe Centre West to 15,000 square feet on the third floor of Glenpointe Centre East. Primarily used as a software training center for new clients, the augmented office space enables PeopleSoft to further take advantage of Glenpointe's mixed-use advantages.
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Title Annotation:mixed-use complex in Teaneck, New Jersey
Publication:Real Estate Weekly
Date:Oct 7, 1992
Previous Article:Jean-Marc Levet signs agreement with CA firm.
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