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Murray Construction reports renovations, new lease deals.

With the increasing competition for tenants among office buildings in the tri-state area, Murray Construction Co., Inc. has been gaining the edge by renovating and updating their existing space.

At the recently-renovated Liberty Corner Executive Center at Exit 33 of I-78 in Bernards Township, New Jersey, the firm's efforts have proven successful. According to Jeffrey J. Siegel senior vice president, the law firm of Kalison & McBride, P.A. has established offices on the second floor of the building. The firm joins AT&T, which has also leased space in the 84,500-square-foot facility.

"For properties to achieve success in today's commercial real estate environment, an owner must continually add value and make them as appealing as possible to attract and keep first rate tenants," said Siegel.

He noted that the lobbies of Liberty Corner Executive Center's three floors have been completely updated with new furniture, dramatic lighting accents, and granite floors and walls. The elevator cabs have been completely renovated and the lavatory facilities have been upgraded. Murray has also improved the exterior with upgraded entranceways and new landscape design around the building, which is set on a 13.5 acre site.

These improvements made Liberty Corner Executive Center the perfect setting for Kalison & McBride P.A. When Ann Gavzy and the six other principals needed a location for their law firm (concentrating in hospital and health care law), an upscale corporate environment was a priority.

While the upgrades certainly add to the value of Liberty Corner Executive Center, Siegel noted that there are many other benefits to the building.

Historic Bernards Township is known for some of the most prestigious business and residential communities in New Jersey. Such corporate leaders as Ingersoll Rand, AT&T, Chubb, United Jersey Bank, Schering Plough, and Hoechst Celanese Corporation are all located within minutes of Liberty Corner Executive Center. Directly across the street is the Somerset Hills Hotel, featuring large meeting and banquet facilities, a health spa, pool, and several dining choices. The 1 million-square-foot Bridgewater Commons Mall is minutes away, with hundreds of retail shops. The Bernardsville and Lyons railroad stations, with service to all points east, are approximately seven minutes from the building. Newark International Airport is within a 20 minute drive and Morristown and Somerset County Airports are a short distance away. Nearby Routes 22, 202, 206, and I-287 allow for easy access to the New Jersey Turnpike and Garden State Parkway.

Golden Harris Capital Group, Inc. has more than doubled the size of its headquarters at Northfield Officenter in West Orange. According to Jeffrey J. Siegel, senior vice president at Murray Construction Co., Inc., the firm has expanded its office space to 6,400 square feet.

Golden Harris Capital Group, Inc. specializes in state and local securities. According to Steven Harris, the firm has increased the size of its staff by 50 percent since it was established in 1983. The broker for the expansion was Dan Casey of Garner Simson.

Northfield Officenter is minutes from major highways, including I-280, I-287, the Garden State Parkway, and the New Jersey Turnpike, A park-and-ride commuter bus facility is within three blocks. Other tenants in the 70,000-square-foot building include Brent Material Company, Wieland America, attorneys Goldman & Goldman,the anti-Defamation League, and Feinberg, Beck and Fox.
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Copyright 1992, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Real Estate Weekly
Date:Oct 21, 1992
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