Six Tenants Commit, Expand at The Offices at Liberty Corner

BASKING RIDGE, N.J. - Oct. 3, 2014 - PRLog -- Five new tenants have leased space and one company has expanded at The Silverman Group's Offices at Liberty Corner in Basking Ridge. Commercial real estate services firm Cushman & Wakefield serves as exclusive agent for the three-building, 525,000-square-foot Class A campus located at 106, 110 and 150 Allen Road. A major capital improvement project offers various amenities; upgrades have been completed at all three buildings.

Bill Brown and Ben Brenner of Cushman & Wakefield’s Morristown, New Jersey, office, head the marketing team for The Offices at Liberty Corner. This spring, they orchestrated the following long-term transactions.

Arla Foods/Arla Foods Ingredients, which relocated locally to 13,000 square feet at 106 Allen Road. Harlan Hollander of Cushman & Wakefield served as tenant broker.

Torrent Pharmaceuticals, an existing tenant at 150 Allen Road, which expanded to occupy a total of 12,000 square feet. Josh Cohen and Jon Williams from Cushman & Wakefield represented the tenant.
Infosys, which relocated from Bridgewater to 106 Allen Road. Jeff Lerch from Foundation REA represented the tenant in the 9,000-square-foot lease.
The Privilege Underwriters Reciprocal Exchange (PURE), which leased 8,000 square feet at 150 Allen Road. The tenant was represented by Frank Recine of Newmark Grubb Knight Frank.
Aflac, which relocated from Bridgewater into a 2,400-square-foot space at 150 Allen Road. Charlie Dillon from Jones Lang LaSalle served as tenant broker.
Concurrent Technologies, renewed their lease long term in an in-house transaction by the Silverman Group.

The recent leasing activity coincides with the completion of the property enhancements at The Offices at Liberty Corner. The Silverman Group recently upgraded the lobby of 106 Allen Road with stone and wood-panel finishes, and incorporated a grab-and-go café. The Silverman Group has also upgraded the café, café seating and new conferencing facility at neighboring 150 Allen Road. The ownership also renovated the full-service cafeteria at 110 Allen Road, introducing a tenant lounge area with a pool table and seating.

Tenants at the campus tenants also have access to a fitness center and conference space. Located at Exit 33 of I-78, The Offices at Liberty Corner is located in an upscale neighborhood, with retail, dining and hotels nearby.

“Companies are attracted to The Offices at Liberty Corner due to The Silverman Group’s recent capital improvement projects, sophisticated construction team, along with the complex’s flexibility to accommodate a company’s future needs. Tenants consistently cite the great work environment and amenity base in their decisions to locate and expand here.”

Cushman & Wakefield currently is marketing availabilities ranging from 1,100 up to 52,000 square feet at 106, 110 and 150 Allen Road. Other tenants in the complex include Ace Insurance, Oracle, Matheson Tri-Gas, Regeneron Pharmaceuticals, Ipsen Biopharmaceuticals, Celgene, Wells Fargo and Fireman’s Fund.

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The Silverman Group is a family owned and operated private equity and real estate development organization. Based in Short Hills, New Jersey, the firm owns and manages over 6,000,000 square feet of office, industrial, retail, and aviation properties as well has ownership in 5,000 multi-family units throughout the United States. It has over one million square feet of commercial space and 550 multi-family units currently under development in three states. To learn more about the Silverman Group visit their website at www.thesilvermangroup.net