WOODBRIDGE, N.J. January 21, 2020 – Bergman Real Estate Group, a privately owned real estate investment firm that owns and manages office properties throughout New Jersey, today announced the long-term renewal and expansion of three leases at 75 Livingston Avenue in Roseland, N.J.
McManimon, Scotland & Baumann, LLC, expanded and leased an additional 9,300 square feet of space. The firm now occupies 32,800 square feet.
Greenbaum Rowe Smith & Davis, LLP, expanded their office space by 6,000 square feet to a total of 23,000 square feet.
Berkowitz, Lichtstein, Kuritsky, Giasullo & Gross, LLC has expanded and leased a total of 10,200 square feet.
75 Livingston Avenue is 94,000-square-foot, three-story office building on 7.3 acres of landscaped grounds, the building is located at the corner of Livingston Avenue and Becker Farm Road. The property was acquired in a joint venture in 2018 between Bergman Real Estate Group and Gottesman Real Estate Partners. The property, which was 68% leased at the time of acquisition, was acquired from Mack-Cali Realty Corporation. The building is now 88% leased.
“When we acquired 75 Livingston, we immediately saw its potential as a long-term home for many New Jersey law firms and businesses,” said Michael Bergman, President and CEO, Bergman Real Estate Group. “Not only is 75 Livingston a lucrative place to work with many new amenities added in the last two years, but the property can support these companies as they continue to grow and expand.”
Bergman Real Estate Group is also announcing the completion of several capital improvements as part of a $1.7+ million investment into 75 Livingston. Tenants can grab a bite to eat at the new full-service café in the building lobby, to be enjoyed in the new seating area or brought back to their offices. Employees can rent a bicycle through the newly-implemented bike share program. A fitness center with state-of-the-art equipment, showers, and locker rooms has been installed. Additionally, several improvements were made to 75 Livingston’s common areas, including new lobby furniture.
“Tenants can enjoy state-of-the-art amenities that support both work and play,” Bergman said. “The investment we made into 75 Livingston has paid off in less than two years’ time.”
“Our philosophy is to identify and invest in office properties which show great potential,” Bergman said. “Thanks to its location and ample access to public and vehicle transportation, the greater Livingston area, and 75 Livingston in particular, held tremendous promise.”
75 Livingston is less than a quarter mile from the four-way interchange of I-280 at Exit 5B. Tenants at 75 Livingston enjoy easy and convenient access to major New Jersey thoroughfares, including the Garden State Parkway, the New Jersey Turnpike, US Highways 46 and 3, I-80, and Routes 10 and 21. The building is minutes from downtown Livingston, home to high-end shops, restaurants, and professional services.
Four suites are available for lease at 75 Livingston: Suite 100, at 3,403 square feet; Suite 101, at 3,568 square feet; Suite 110, at 5,082 square feet; and Suite 120, at 6,153 square feet. The asking rental rate is $24 per square foot, plus TE. Leasing agents for 75 Livingston are John Osborne and Isabel Freire of Bergman Real Estate Group. Bergman is the manager of 75 Livingston. Broker open houses are planned for spring 2020. For more information about available space, visit www.BergmanRealty.com.
About Bergman Real Estate Group
Founded in 1988, Bergman Real Estate Group is a privately owned, full-service real estate investment and management company. With more than 31 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 manages 18 office buildings comprising 2.1 million square feet.