The Hampshire Companies, a full-service, private real estate investment firm with equity in assets valued at over $2.5 billion, has announced that Realogy will relocate its headquarters office from Parsippany to the newly transformed, LEED Certified office building located at 175 Park Avenue in Madison, N.J. Realogy, which is the parent company of Century 21, ERA, Coldwell Banker, and Sotheby's International Realty, will occupy the entire soon-to-be 270,000-square-foot building in late 2012.
Hampshire partnered with Kohn Pederson Fox, an international architectural firm recognized for design excellence and innovation in their buildings throughout the world, to pioneer a major change in commercial real estate development in New Jersey which combines great use of space, natural light and the latest technologies with superior design.
Upon completion, the property will be LEED Silver Certified and will be designed to be sensitive to the neighborhood and its surrounding natural environment. The 270,000-square-foot Class A office building will feature a full range of amenities including a fitness center, full-service cafe, and conference / team room facilities. 175 Park Ave will have cutting edge green roof technology and state-of-the-art energy efficient mechanical systems.
“Securing a tenant such as Realogy truly is a testament to our ability to deliver the most sought after office space in the state,” Kim Stirba-Reynolds, a Senior Investment Manager for The Hampshire Companies. “This building will be like no other and will raise the standard for Class A office design. We are thrilled to welcome Realogy to 175 Park Avenue.”
Situated on over 15 acres and conveniently located in the heart of Morris County’s premier suburban office market, 175 Park Avenue offers easy access to major area highways including Routes 124 and 24, I-78 and The Garden State Parkway. Convent Station is also minutes away and offers 45-minute midtown direct NJ Transit service to New York City. Construction is currently underway at the site.
“Realogy is an ideal tenant for the building,” added David Simson, vice chairman and COO of Newmark Knight Frank’s New Jersey operations, whose team represented The Hampshire Companies and has a longstanding relationship with the firm. “Realogy chose the building that represents where commercial real estate is heading today: Green, environmentally friendly and energy efficient.”
David Simson, Timothy R. Greiner, and Brendan McBride of Newmark Knight Frank represented Hampshire in the transaction.
About The Hampshire Companies
The Hampshire Companies is a full-service, private real estate firm based in Morristown, New Jersey. The Hampshire Companies is a vibrant, dynamic organization that combines creative vision and superior execution, thereby enabling it to create and enhance value in real estate investments. Additional information on The Hampshire Companies is available online at HampshireRE.com.
About Newmark Knight Frank
Newmark Knight Frank is one of the largest real estate service firms in the world. Headquartered in New York, Newmark Knight Frank and London-based partner Knight Frank together operate from more than 240 offices in established and emerging property markets on five continents. With a combined staff of more than 7,000 and revenues last year exceeding $993 million, this major force in real estate is meeting the local and global needs of tenants, owners, investors and developers worldwide. For further information, visit www.newmarkkf.com.
Newmark Knight Frank is a part of BGC Partners, Inc. (NASDAQ:BGCP), a leading global brokerage company primarily servicing the wholesale financial markets. For further information, visit www.bgcpartners.com.
R&J Public Relations