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Bergman Real Estate Group Moves Corporate Offices to Woodbridge Towers in Iselin, New Jersey

ISELIN, N.J. (April 6, 2002) – Bergman Real Estate Group, a family owned real estate firm specializing in the ownership, management and leasing of commercial office buildings, has moved its offices from North Brunswick, New Jersey to Woodbridge Towers located at 555 Route 1 South in Iselin, New Jersey. The relocation to larger corporate offices was necessary to accommodate the firm’s continued growth, and plans for expansion in 2002 and beyond.

The 85,000 square foot class A office building was purchased by Bergman Real Estate Group and its primary joint venture partner, Manhattan Management Company in 1995. The 4-story office building is located across from the Woodbridge Center Mall on US Route 1 South, and within close proximity to the Garden State Parkway (Exit 130), the New Jersey Turnpike (Exit 11), I-287, Routes 9, 27 and 440.

“We simply outgrew our former space,” says Michael Bergman, Principal and Vice President of Leasing and Marketing. “Our company has enjoyed steady growth over the past six years primarily attributable to our acquisition activities. In that time, we carefully assembled a portfolio of office buildings throughout the garden state of New Jersey, which presently consists of 12 properties and about 1 million square feet of office space.”

The following are among the firm’s most recent acquisitions: 155 Passaic Avenue in Fairfield, NJ, an 88,000 square foot office building purchased in joint venture with Manhattan Management; and 100 Davidson Avenue in Franklin Township, a 63,000 square foot building purchased jointly with Grand Realty Group.

Bergman Real Estate Group has positioned itself as an intricate, entrepreneurial business which has brought together the full-time efforts of real estate professionals who excel in their specific areas of expertise including: Acquisition, Ownership, Management, Leasing, and Financing of commercial office buildings.

The company prides itself on its professionalism, its hands-on ownership/management approach in running its properties, and its primary focus on Tenant Satisfaction. “If our tenants renew their leases,” explains Michael Bergman, “then we know we’re doing something right, and that serves as a reward to our diligent efforts to continually keep our tenants happy.”

Bergman Real Estate Group has a proven performance record in acquiring and operating well located, under-performing properties that have produced higher cash returns and value appreciation on behalf of its joint venture partnerships.
“Our value approach and disciplined underwriting have been the driving forces for our success,” notes Jerome Bergman, President and CEO. “In addition, the complete scope of our in-house services, and the hard work and dedication of our people have been an essential factor in assuring that our properties will be excellent producers in the marketplace.”

Bergman Advisors is the consulting and brokerage arm of Bergman Real Estate Group, and provides a variety of real estate services for third party clients. The services include: acquisition due diligence, asset management, asset workout, brokerage (sales/leasing), construction supervision, general consulting, investment management, leasing and marketing, mortgage financing.

The Bergman Real Estate Group’s well-rounded approach has served it well since its beginnings and promises to do the same in the future. Since its formation in 1988 by Jerome Bergman, President and son, Steven Bergman, Vice President, the company has successfully acquired 10 garden apartment properties containing over 3,500 units in Houston, Texas, and 14 office buildings in both Houston and New Jersey containing over 1.3 million square feet of office space. “While our growth has been quick, it has been manageable,” comments Michael Bergman. “That’s important because, in the end, it is the quality of the relationships between us and our tenants, financial partners, brokers and third party vendors/contractors that will really determine our success in the years ahead.”