The Regus Group Completes Lease Deal to Locate a New Business Center in Paramus, New Jersey

The 21,000 square foot center will be Regus’ 22nd in New Jersey

DALLAS, Oct. 25 /PRNewswire/ — The Regus Group (LSE: RGU), the world’s largest provider of fully furnished and equipped offices with 950 locations in 70 countries, today announced that it has signed a lease agreement to open a new business center in Paramus, New Jersey. The 21,000 square foot center will feature 86 offices, 147 workstations, one board room, one videoconferencing studio, and one meeting room.

The term of the lease is 138 months and CB Richard Ellis represented Regus in the transaction. The landlord for the project is Mack-Cali Realty Corporation. This will be Regus’ seventh deal with Mack-Cali.

The new center will be located on the fourth floor of 140 East Ridgewood Avenue in the Mack-Cali Centre III, which is a reflective glass, ‘Class-A’ office building composed of two towers joined by a seven-story atrium. The building comes with a number of amenities including on-site banking facilities, cafe with outdoor seating, and access control system for enhanced security. The Paramus business center is easily accessible from Routes 17 and 4, and Interstate-80 and is adjacent to a full interchange of the Garden State Parkway at Exit 165.

“We selected Paramus for our new location because of the strong growth trends that the Northern New Jersey office market continues to experience. This is our 22nd center in the state,” said Michael Berretta, Vice President of Business Development for Regus. “In addition, we have experienced increased demand from clients in this area and our new Paramus center will allow us to offer an alternative to our Saddle Brook business center, which has long been a strong performer for us.”

“Our partnership with Mack-Cali has resulted in a number of deals in key markets and this transaction is just one more example of how we continue to strengthen our relationship,” added Berretta.

Mitchell E. Hersh, President and Chief Executive Officer of Mack-Cali, commented, “We greatly value the strong relationship we have built with Regus — a relationship that has benefited both parties by fulfilling our complementary business objectives. We are hopeful that our strategic partnership will continue to grow as both companies move forward.”

Regus offers its clients a number of benefits including: the freedom to grow, downsize, or expand their business to another geographic location with minimal disruption; simple, one-page contracts; one, fixed monthly price, that includes everything they need to run their business; state-of-the-art IT; and a global network of more than 950 locations that allow members unlimited access to Regus business lounges worldwide.

Every day Regus provides more than 200,000 clients worldwide with flexible and cost-effective workplace options to meet their specific needs. Whether using a fully furnished office, a virtual office that provides clients with a local business address, meeting rooms or videoconferencing facilities, businesses working with Regus are able to establish an immediate presence at prime business center locations such as the Paramus business center.

About The Regus Group

The Regus Group is the world’s leading provider of pioneering workplace solutions, with products and services ranging from fully equipped offices to professional meeting rooms, business lounges and the largest network of videoconferencing studios. The Regus Group delivers a new way to work, whether it’s from home, on the road or from an office.

Clients such as Google, GlaxoSmithKline, IBM, Nokia and Accenture join thousands of growing small and medium businesses that benefit from outsourcing their office and workplace needs to The Regus Group, allowing them to focus on
their core business.

Over 200,000 clients a day benefit from Regus Group facilities spread across a global footprint of 950 locations in 400 cities and 70 countries, which allows individuals and companies to work wherever, however and whenever they want to.

For more information, visit http://www.regus.com.

SOURCE The Regus Group

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