MADISON, N.J. (April 12, 2022) — Bergman Real Estate Group, a full-service real estate company based in Woodbridge, New Jersey, announced the signing of two new leases totaling 28,100 square feet at 7 Giralda Farms, a 3-story, Class A office property located in Madison, New Jersey.
Bergman signed a long-term lease with Wilson Elser Moskowitz Edelman & Dicker, LLP, an international law firm with more than 900 attorneys in 41 offices across the U.S. and London, United Kingdom. The firm is relocating to Madison from their former offices in Florham Park, New Jersey. The tenant representative brokers on the transaction were Gregg Najarian and Slava Vaynberg of Savills’ Rutherford, New Jersey office and Chris Tarzon Savills’ Chicago, Illinois office.
The second lease is with BEM Systems, Inc, an environmental engineering firm that is relocating its headquarters from Chatham, New Jersey. The employee-owned consulting, engineering, and information management firm provides comprehensive environmental services to federal, state, and local government agencies and commercial clients. The broker on the transaction was Mark Twentyman of Kingsbridge Realty Advisors, of Chatham, New Jersey.
“We’re very excited to welcome firms of this caliber to kick off the repositioning of 7 Giralda Farms,” said Josh Cohen, Managing Director of Cushman & Wakefield who along with Bill Brown and Joseph Ratner are the exclusive leasing agents for the property.
“The Bergman and Cushman teams believe strongly in the quality and location of this asset and the ability to breathe new life into the building. We’ve all been pleasantly surprised at the level of interest and activity new ownership and their renovation plans have received” says Cohen.
7 Giralda is part of the Giralda Farms Corporate Campus, a gated 310-acre, 1.15 million square foot office park set on the former Geraldine Rockefeller Dodge Estate. The property is strategically located 1.5 miles from downtown Madison and 3 miles from downtown Morristown and offering convenient access to areas highways and public transportation for direct access to New York City.
Wilson Elser and BEM Systems, Inc. are the first leases signed since Bergman Real Estate Group acquired the property in late July 2021. These two firms will join many leading New Jersey companies at the Giralda Farms Corporate Campus, including Prudential, Leo Pharma, Inc., AbbVie, Merck, Pfizer, and Atlantic Health Systems.
The new leases come on the heels of Bergman’s recent announcement that they are planning extensive renovations to the building this month, which include all new finishes and furniture upgrades to the lobby, cafeteria, fitness center, restrooms and common areas, as well as adding new amenities including a conference and training center, an employee lounge and game room, a bike share program, collaborative spaces and outdoor seating and landscaping enhancements.
“When we acquired 7 Giralda at 60% occupancy, we knew this was a uniquely special property located in one of the most beautiful office parks in all of New Jersey that was lacking modern improvements and amenities typically seen in Class A buildings of this quality,” explains Michael Bergman, President and CEO, Bergman Real Estate Group. Bergman immediately engaged Millburn-based architectural design firm Studio 1200, led by Sandee Markwith and Nancy Dougherty, to creatively modernize the building interiors and bring new amenities and features to make 7 Giralda competitive in attracting top quality tenants and employees.
“We are very excited to start these well designed improvements,” emphasizes Mr. Bergman. “Giralda Farms is already recognized as one of the most prestigious office locations in the tri-state area, and with these forward-thinking, state-of-the-art additions, 7 Giralda Farms will cement its status as a leading model for other Class A commercial office spaces in the Morristown Region and throughout the New Jersey office market.
7 Giralda offers flexible floor plates that can accommodate small, medium and large tenants with available spaces ranging from 3,000 to 20,000 square feet, and future potential to accommodate a full floor user of 80,000 square feet. For more information and availability contact exclusive leasing broker, Joshua Cohen of Cushman & Wakefield at (973) 292-4618.
About Bergman Real Estate Group
Bergman Real Estate Group is a privately owned, full-service real estate investment and management company. With 33 years of history operating in New Jersey and other select markets, Bergman has earned a solid reputation as a reputable and trustworthy owner/manager. The company’s fully integrated platform includes acquisition, ownership, asset and property management, leasing and construction supervision. Bergman, which has built its success on acquiring and successfully repositioning underperforming properties, currently owns and manages 22 office buildings comprising 2.25 million square feet.