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Local officials view progress at Commercenter.

Local officials including Borough Council President Robert Place, Councilwoman Pam Cherba and Borough Clerk Sal Del Vecchio recently toured Commercenter/Totowa to view the progress of its new building, 45 Commerce Way, announced Jeffrey Kessel, partner of George Kessel Associates.

The Bergenfield, New Jersey-based real estate company is owner and developer of the 47-acre high-tech industrial/office, complex located on Riverview Drive in Totowa, New Jersey.

The steel is up at 45 Commerce Way, the seventh building at Commercenter/Totowa, which will be ready for occupancy in January, 1993. To date, five single-story high-tech/flex buildings and one three-story office building have been completed, totaling more than 300,000 square feet. At least six additional buildings are planned at the complex which won Kessel the 1991 NJ NAIOP Division II Developer of the Year Award. All completed buildings are close to 100 percent leased.

The 51,000-square-building features reflective glass exteriors and unique architectural styling, surrounded by beautifully landscaped grounds. Divisible from 5,300 square feet, each unit in the building has its own loading dock and large bay area, separate entrance ways, individually controlled HVAC systems, 20foot ceiling heights, heavy power and abundant on-site parking.

Tenants include Commonwealth Land Title Insurance Company; Siemans Fiber Optic Components; Hoffmann LaRoche;Caremark, a Division of Baxter International; Konica Business Machines, U.S.A.; Minolta Business Systems; National Community Bank; Sandvik Process Systems Inc.; and Bell Atlanticom.
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Title Annotation:high-tech industrial/office building complex in New Jersey
Publication:Real Estate Weekly
Date:Oct 21, 1992
Previous Article:Help for the recovering developer.
Next Article:Hi-level investment a must for office parks.

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