Normandy Real Estate Partners Announces Two New Leases At 20 Independence Boulevard in Warren, New Jersey . . . Class A Office Building Undergoing Multifaceted enhancement Program
Warren, N.J. (October 1, 2007) — Normandy Real Estate Partners, one of the largest real estate owners and operators in the Boston to Washington, D.C. corridor, has announced two new lease transactions that have been completed at 20 Independence Boulevard, a 120,800-square-foot Class A office building strategically situated in the Somerset Hills Corporate Center in Warren, New Jersey. Normandy welcomes SIRVA Worldwide Inc., a leading worldwide provider of relocation solutions, who signed a 17,741-square-foot lease, and Aeterna Zentaris, Inc., a global biopharmaceutical company, who signed a 10,741-square-foot lease, to this quality space.
Normandy recently completed substantial building improvements at 20 Independence Boulevard including an enhanced lobby seating area with all new high-end finishes; upgrades to all common areas including restrooms and a dramatic two-story lobby and a new 30-seat café will be completed by year end.
“We are pleased to welcome two new tenants and announce our successful multifaceted enhancement program at 20 Independence Boulevard,” said William O’Keefe Jr., vice president of Normandy. “With our building reinvestment program near completion, 20 Independence Boulevard provides tenants with an unrivaled working environment in the highly desirable Interstate 78 corridor.”
20 Independence Boulevard is situated in one of Central New Jersey’s most prestigious office submarkets. Such leading companies as Citigroup, Verizon, Merck and Pfizer all maintain a significant presence in the area. 20 Independence Boulevard is extremely accessible to a plethora of restaurants, shopping and hotel/conference centers. Newark Liberty International Airport is within 25 miles and the Lincoln and Holland Tunnels are within 35 miles.
Currently, 48,756 square feet of space remains available at 20 Independence Boulevard. The CB Richard Ellis team of Geoffrey Schubert, senior vice president; Craig Eisenhardt, first vice president; and Robert Ryan, senior associate, are the exclusive leasing agents for this quality property.
About Normandy Real Estate Partners
Normandy Real Estate Partners, LLC is a fully integrated real estate investment management firm based in Morristown, NJ with offices in New York, Boston, and Washington, DC. Normandy has invested over $1 billion of equity totaling approximately $4 billion in asset value. In 2006, Normandy closed on its current discretionary real estate fund, Normandy Real Estate Fund, L.P., with projected total purchasing power of approximately $1.8 billion. Targeting the northeast and mid-Atlantic markets of Boston, Metro New York City, Northern New Jersey, Philadelphia, and Metro Washington D.C., Normandy pursues property investments of all types where opportunities exist to enhance value through creative repositioning, intensive management, leasing and capital improvements.
