Cushman & Wakefield Named Leasing Agent for Glenpointe

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Newark, NJ (1888PressRelease) May 06, 2011 - Commercial real estate services firm Cushman & Wakefield has been named leasing agent for the 650,000-square-foot office component of the Glenpointe complex in Teaneck. Richard Baumstein, Marc Graham and Christian Politan of the firm's East Rutherford, N.J., office are heading the assignment on behalf of property owner Alfred Sanzari Enterprises.

The team is marketing units from 1,000 to 63,000 square feet at Glenpointe, which also is approved for an additional new building of 230,000 square feet. Sanzari recently completed a $7 million upgrade of the common areas in the three existing, interconnected buildings. The complex also includes a health spa and a 350-room Marriott hotel and conference center, which has initiated a $14 million renovation.

The appointment brings Cushman & Wakefield's involvement with Glenpointe full circle; Baumstein was the property's first leasing representative after its development in the mid 1980s. "Sanzari has done a beautiful job maintaining this complex as northern New Jersey's premier, headquarters-quality corporate address," he said. "It is rare in this industry to find a landlord committed to its properties for the long term. Glenpointe is Sanzari's flagship. Tenants located there have always and continue to appreciate this company's hands-on management style and financial stability.

"The beauty of this property is that everything is interconnected," he added. "On a rainy day, you can go from your car, to your office and around to every complex amenity without having to carry an umbrella." Glenpointe tenants enjoy full-service restaurant and cafeteria dining, bank and shoe shine services, and covered parking as well as 24/7 security, onsite property management and express public transportation to Manhattan. The property sits at the intersection of interstates 80 and 95, near routes 4 and 46, and less than three miles from the George Washington Bridge.

"Glenpointe is our signature property," noted Jerry L. Barta, vice president and director, leasing and marketing at Alfred Sanzari Enterprises. "It really is a cut above the term 'Class A.' It's one of only a few true trophy properties in this part of New Jersey. Cushman & Wakefield's market knowledge, the experience of this particular team and our companies' history of working together at Glenpointe ensure that the property's marketing is in good hands."

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