CUSHMAN & WAKEFIELD INKS LEASE RENEWAL FOR GFK HEALTHCARE
Market Research Firm Recasts Office at 120 Eagle Rock Ave., East Hanover, N.J.
EAST HANOVER, N.J. – November 9, 2011 – (RealEstateRama) — Commercial real estate services firm Cushman & Wakefield, Inc. has negotiated a 16,000-square-foot, long-term lease renewal for GfK HealthCare at 120 Eagle Rock Ave. in East Hanover. The market research company has housed a regional office there since 2001.
Curtis Foster of Cushman & Wakefield’s East Rutherford, N.J., office, represented GfK during negotiations; he also brokered the firm’s initial lease at the Wells Real Estate Funds-owned property. Jeff Heller of CBRE serves as leasing agent for the Class A building.
With more than 750 staff across 40 locations, GfK HealthCare is the largest provider of integrated custom health care marketing research in the world. GfK HealthCare is part of the Custom Research sector within the GfK Group, which offers information and consultancy services, with additional sectors in Retail, and Technology and Media. It is the fourth largest market research organization worldwide and operates in more than 100 countries.
Foster noted that flexibility on part of Wells Real Estate Funds was key in GfK HealthCare’s renewal, which included a recast and extension of its lease term. “My client’s needs have shifted over the past decade,” he said. “Like all smart companies today, GfK HealthCare is focused on maximizing efficiencies and increasing densities. Wells Real Estate Funds facilitated a significant reconstruction of the company’s space at 120 Eagle Rock Avenue.”
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Media Contact: Evelyn Weiss Francisco: evelyn (at) caryl (dot) com, (201) 796-7788, www.twitter.com/carylcomm
