Normandy Real Estate Partners signs Fiserv Inc. to over 40,000 SF at prominent office building Center 78 in Warren, NJ

 

Morristown, NJ – September, 2013Normandy Real Estate Partners, a leading real estate operator and fund manager, today announced that it has signed a new 10 year lease with Fiserv Inc., a global provider of financial services technology, for 40,394 square feet at Center 78 – a Class-A office destination in Warren, New Jersey, that was recently renovated by Normandy under an extensive capital expenditure program.

“With our capital expenditure program completed, Center 78 has become a highly-demanded office building as we continue to see robust leasing activity from major tenants in the region including Fiserv,” said Paul H. Teti, Principal of Normandy Real Estate Partners. “We expect this momentum to persist through 2014 as Normandy continues providing ongoing improvements and upgraded amenities to the property. We welcome Fiserv to our growing roster Cassidy Turley’s New Jersey Managing Principal Raymond P. Trevisan and Senior Vice President William O’Keefe represented Normandy in the transaction, while Jim Postell and Matt McDonough from Transwestern represented Fiserv. Under the lease, Fiserv will occupy the third floor of the building, joining co-tenants including IT services provider EMC Corp., which signed an anchor lease at the building in December. Improvements under Center 78’s $12 million reconstruction program included a new entry façade and expansion of the lobby atrium with new finishes, new bathrooms and elevator cabs, plus state-of-the-art HVAC and life safety systems. Additional enhancements included the resurfacing of parking lots and entry roads, extensive landscaping, improved lighting and enhanced sign identity. The building is also LEED Gold-certified.

Located on 47 acres, Center 78 is conveniently located at Exit 33 off Interstate 78. The property is at the central hub of the submarket with immediate access to some of the area’s most attractive amenities, including lifestyle centers at Riverwalk, 100 Marketplace and luxury hotels.

Normandy Real Estate Partners is a leading real estate operator and investment manager headquartered in Morristown, NJ with offices in Boston, New York City and Washington, D.C. Normandy currently manages a series of discretionary real estate funds totaling approximately $1.5 billion of equity commitments. Normandy’s existing portfolio includes over 15 million square feet of commercial assets, four hotels and numerous land development sites.

About Normandy Real Estate Partners

Normandy Real Estate Partners is a leading real estate operator and investment manager headquartered in Morristown, NJ with offices in Boston, New York City and Washington, D.C. Normandy currently manages a series of discretionary real estate funds totaling approximately $1.5 billion of equity commitments. Normandy’s existing portfolio includes over 15 million square feet of commercial assets, four hotels and numerous land development sites. Normandy targets value added real estate investments in the gateway markets of Boston, Metro New York City, Los Angeles, San Francisco, and Washington, D.C. where opportunities exist to enhance value through creative repositioning, financial restructuring, intensive management, and capital  improvements. For more information visit www.normandyrealty.com.