Paramus, N.J. - The five-story, 370,000-square-foot Class A office asset is situated prominently in the heart of one of the most vibrant corporate and commercial corridors in Bergen County, with unparalleled access to the Garden State Parkway, Routes 17 and 4, and Ridgewood Avenue.
Ben Brenner, David DeMatteis and Mark Zaziski are heading the assignment to market upwards of 200,000 square feet of available office space. 650 From Road is one of several leasing assignments the company has spearheaded for Onyx Equities, a leading real estate investment and property services firm specializing in acquiring, managing and/or repositioning commercial properties.
“This is the sixth Bergen County building Cushman & Wakefield has handled for this firm, and our team is excited to capitalize on their proven success in delivering world-class workspaces to New Jersey’s most prominent companies,” said Zaziski. Recent renovations that have driven noteworthy lease signings include Country Club Plaza at 115 and 117 Century Road, 15 E. Midland Avenue and 61 S. Paramus Road.
Significant capital improvements will position 650 From Road as a best-in-class multi-tenant office asset. “The ownership team has committed to invest roughly $10 million in renovations that will completely modernize the building, inside and out,” said Brenner, noting plans which substantially differentiate it and include a five-story “living” plant wall, reclaimed wood ceilings, a high-end café with indoor and outdoor seating, a state-of-the-art conference center, game room and a complete re-landscaping of the outdoor area, which includes a boardwalk and outdoor WiFi.
The team also advised that for a large-scale user committing to 70,000 square feet or more, ownership would also create a “building within a building,” including a private entrance and an incredible branding opportunity by offering prominent signage on the building.
In addition to immediate access to major East Coast transportation networks, the property is located in proximity to Newark Liberty International Airport, as well as public transportation to Manhattan and throughout Bergen County.
“Not only does 650 From Road offer an unmatched image, location and array of local amenities, it is one of the few, if not only, locations in Paramus where corporate tenants can lease 200,000 square feet of contiguous space,” said DeMatteis. “In light of our previous Bergen County assignments with this ownership team, we anticipate elevated interest in this asset.”
About Cushman & WakefieldCushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 51,000 employees in 400 offices and 70 countries. In 2018, the firm had revenue of $8.2 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.
