Global commercial real estate advisory firm Newmark is pleased to announce that it has been retained to lease and market 1 Tower Center in East Brunswick, NJ, following American Equity Partners (AEP)’s successful acquisition of the 417,430-square-foot property. Representing AEP is Newmark’s leasing team of Senior Managing Director Jamie Drummond, Executive Managing Director Steve Tolkach, Managing Director Adam Silver, and Associate Directors Andrew Perrotti and Dan Reider.
American Equity Partners, which has a strong track record of repositioning buildings with boldly styled renovations, plans to bring new amenities, building systems and enhanced transit connectivity to this corporate multi-tenant office building. Proposed renovations include a new amenities center on the 15th floor, including a state-of-the-art fitness center, a social-centric tenant lounge and a grab-and-go café with views of the New York skyline.
The current conference facility on the 15th floor will also be renovated to accommodate classroom and town hall configurations, designed to foster community and provide collaborative space. A section of the floor will be converted to accommodate the opening of Kahoots, a co-working space that will provide flexibility for tenants looking to expand or contract their space.
“We’re excited to work with AEP on transforming 1 Tower Center into a unique building offered to the East Brunswick office market,” said Drummond. “After partnering with AEP on two successful assignments, we now share a strong bond and vision for the property that will enable us to find the right tenants who are looking to attract and retain talent in East Brunswick, NJ.”
“We saw tremendous potential in an accessible, amenity-rich office building like 1 Tower Center, with covered parking, accessibility to the turnpike, a grand lobby and panoramic views of Manhattan,” said David Elkouby of American Equity Partners. “We look forward to expanding upon those tenant amenities to bring a more urban, current feel to this well-established, suburban New Jersey property.”
The property is located 45-minutes’ driving distance to Manhattan, with immediate access to NJ Turnpike, Route 18 and Route 1. Owners are also planning to increase access to transit via shuttle service to the New Brunswick train station, located 2.2 miles from the building.
Additional improvements from the owner will also include a renovated five-story atrium lobby, an updated HVAC system and new LED lighting.
Newmark (“Newmark”), operated by Newmark Group, Inc. (“Newmark Group”) (NASDAQ: NMRK), is one of the world’s leading and most trusted commercial real estate advisory firms, offering a complete suite of services and products for both owners and occupiers. Together with London-based partner Knight Frank and independently-owned offices, Newmark’s 16,000 professionals operate from approximately 430 offices on six continents. Newmark’s investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting, government-sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Occupier services and products include tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration and facilities management. For further information, visit www.ngkf.com.
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