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Real Estate

New Jersey Ballet Company Inks Lease at 7-9 Vreeland Road in Florham Park

CBRE Arranges Long-Term Lease with Historic Dance Company on Behalf of Building Ownership

The New Jersey Ballet Company has committed to 16,641 square feet of space at 7-9 Vreeland Road in Florham Park in a lease transaction arranged by CBRE. The 60-year-old dance company is expanding and relocating from Livingston to Florham Park with an anticipated occupancy of October 2019.

CBRE’s Thomas Mallaney represented landlord SK Realty Management, an opportunistic real estate investment group that specializes in the acquisition and management of warehouse distribution centers and flex industrial product located in the Northeast and Midwest, in the lease negotiations. Additionally, CBRE Project Management has been hired by New Jersey Ballet to oversee and manage the construction and costs during their move. The building architect, Parette Somjen, will design the new space.

Built in 1979, 7-9 Vreeland Road is a 155,819-square-foot building located in an upscale suburban neighborhood. The property boasts 20-foot ceiling heights, ample parking and an interior courtyard.

“Celebrating its sixtieth year of entertaining the public, the New Jersey Ballet required additional space that would allow the company to expand its operations and grow its mission of teaching the community about the art of ballet,” said Mallaney. “This transaction was a team effort, which included the building ownership, the brokers at NAI James E. Hanson and architect Parette Somjen.”

The NAI James E. Hanson team of Joshua Levering and Nick DePaolera acted on behalf of the New Jersey Ballet Company.

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