Newmark broadcasts the agency has been retained because the unique workplace leasing agent for River Centre at 331 Newman Springs Highway in Crimson Financial institution, NJ. River Centre is a six-building 668,107-square-foot Class A workplace campus owned by Crown Realty and Paramount Realty. Newmark’s Senior Managing Director Jamie Drummond and Affiliate Director Andrew Perrotti are the appointed brokers.
“River Centre is among the largest workplace belongings within the area, and we’re deploying a major quantity of capital to revamp the property to create a campus-like setting that’s extra akin to a contemporary and amenitized tech campus in Silicon Valley,” mentioned Maurice Zekaria, President of Paramount Realty. “We stay up for additional cementing this campus as an integral a part of the neighborhood.”
The property has skilled some current leasing momentum to incorporate 100,000 sq. toes signed by RB Animal Hospital, 25,000 sq. toes to Sycamore Medical and 15,000 sq. toes to Alliant Insurance coverage. As well as, Paramount and Crown have dedicated over $25 million for a capital enhancements plan that may embody a major overhaul to the advanced’s North and South areas. Possession has retained structure agency Blackey Hayes to reimagine the asset, bringing the texture of a west coast tech campus to the east coast. The enhancements will begin with structural property upgrades to incorporate new entrances, facades, activated terraces, a brand new HVAC system, roof enhancements, constructing administration methods, new corridors, upgraded frequent areas and a brand new tenant app to entry property facilities.
The advanced already includes a just lately renovated amenity constructing that homes a state-of-the-art health middle, cafe, conferencing middle and tenant lounge. The property will even endure intensive out of doors upgrades to create a extra walkable surroundings that embraces pedestrian-only areas, improved landscaping and recreation areas. Possession has enlisted landscaping architects LRK and Floor Degree to revamp the property’s exteriors and embody a river stroll that enables tenants to expertise the adjoining Navesink River.
“Over the previous few years, we’ve witnessed a significant flight to high quality for workplace customers trying to find in fashionable, artistic and amenitized areas,” mentioned Drummond. “The graduation of the key overhaul of River Centre will additional the middle’s skill to draw and retain among the finest companies within the area.”
River Centre spans throughout a North and South campus with buildings 1-4 positioned on the southern campus and 5-6 on the northern campus. The northern campus will quickly characteristic a brand new 120,000-square-foot Lifetime health fitness center and a brand new Starbucks retail web site on the southern campus. River Centre at the moment has leasing availability to accommodate customers in search of 3,000 to 110,000 sq. toes of area. The tenants at River Centre characteristic a mixture of monetary providers, insurance coverage and regulation companies. Its most notable tenants embody UBS, Withum, Wells Fargo, Innocor FXI and Obtain 3000.
River Centre is located close to downtown Crimson Financial institution, neighboring town’s many boutiques, parks, newly developed residences, and eating places. The asset is positioned alongside the Backyard State Parkway at exit 109 and provides nice visibility from passing vehicular visitors. It nears a four-way interchange to incorporate County Route 520, Route 18, Route 35, and Route 195. River Centre can also be simply accessible by way of NJ TRANSIT and Academy Bus Traces with free shuttle service provided to tenants from the Crimson Financial institution station.
(Visited 1 instances, 4 visits as we speak)