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Follow on Google News | Colliers Arranges 11,200-Sq.-Ft. Sublease at 50 Park Place, Newark, N.JShredz Supplements to Occupy High-Tech Space in Relocation from Jersey City to Newark
By: Colliers International Group Jason Fray of Savills Studley served as broker for Shredz Supplements. The Berger Organization owns 50 Park Place, known as Robert Treat Center. Berger previously built out the high-tech offices that Shredz will occupy. "The subtenant's relocation to Newark from Jersey City is reflective of the marketplace, and its choice of 50 Park Place ties to the opportunity to lease attractive, plug-and-play space," noted Colliers' Robert Gallucci, who spearheaded the transaction with the global commercial real estate services firm's Alex Vitro and Richard Mirliss. "As pricing on the waterfront continues to climb, companies looking for the benefits of a CBD market can find competitive rates in Newark. The city also offers excellent mass transit infrastructure and a full range of urban amenities." Robert Treat Center sits adjacent to the 176-room Best Western Robert Treat Hotel, near Newark's cultural, dining, retail and entertainment offerings. Tenants there enjoy easy access to the city's light rail, Newark Penn Station and Broad Street Station. -- End -- About Colliers International Group Colliers International (http://www.colliers.com/ Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice that help clients accelerate their success. Colliers has been ranked among the top 100 outsourcing firms by the International Association of Outsourcing Professionals' Global Outsourcing for 11 consecutive years, more than any other real estate services firm. For the latest news from Colliers, visitColliers.com (http://www.colliers.com/) End
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