Follow Cresa New Jersey

Cresa New Jersey
201 Route 17 North
Suite 305
Rutherford, NJ 07070
201.591.4560 tel
201.933.4396 fax
Email
Map/Directions

Contacts

Dennis Gralla
Managing Principal
Email
201.960.1164 tel
James J. Scancarella
Managing Principal
Email
201.970.3659 tel

New Jersey

Our Goal

As corporate real estate representatives, we focus solely on the tenant's side of the commercial real estate transaction, eliminating the conflict of interest which results from a dual relationship. This practice allows us to best advocate for our clients, evaluating business goals and objectives and negotiating cost-effective solutions.
 

Our Office

Cresa New Jersey is based in Rutherford, New Jersey and focuses on the north and central regions of the Garden State. Our 21 primary submarkets are situated between New York City and Philadelphia, two of the largest metropolitan areas in the United States. We provide commercial real estate services to a wide variety of industries, including sectors such as technology, legal, pharmaceutical, biotech, insurance, chemical and telecommunications.

No matter what the current state of the market, Cresa New Jersey offers sound advice and uses comprehensive data to help you make informed decisions. The territory serviced by our firm is the sixth-largest office market in the country. 21 Fortune 500 companies are headquartered in New Jersey, and industries represented in the state include financial services, telecommunications, chemical, pharmaceutical, insurance, health care, and biotechnology.

  • Class A Office Space

    Q3 2016

    Supply
    159,257,104 SF
    Vacancy
    16.7%
    Absorption
    2,044,530 SF
    Avg. Lease Rate
    $25.52
  • Class B Office Space

    Q3 2016

    Supply
    122,720,795
    Vacancy
    12.8%
    Absorption
    292,615
    Avg. Lease Rate
    $19.22

Market Insights

People

Glenn DiGiacomo Vice President 201.591.4567
Justin Eagle Senior Advisor, Project Management 201.591.4565
Len Eagle Senior Vice President, Project Management 201.591.4564
Dennis Gralla Managing Principal 201.960.1164
Thomas Kim Vice President 201.591.4566
Jonathan Marks Principal 201.591.4563
Lisa Murray Business Manager 201.591.4560
James J. Scancarella Managing Principal 201.970.3659

Success Stories

Client Location Sq. Footage
Advantage Sales & Marketing Woodcliff Lake, NJ  37,000 
A-V Services Fairfield, NJ   22,000 
Classic Party Rentals Secaucus, NJ  80,000 
Kenneth Cole Secaucus, NJ  27,026 
Movado Group Inc. Paramus, NJ  90,050 
Orexo, Inc. Morristown, NJ  >9,500 
PPI-Time Zero Inc. Fairfield, NJ  45,000 
SEAL Consulting Edison, NJ  8,000 
SGS SA Wilmington, NC  ~25,000 SF 
TSC Apparel Dayton, NJ  58,430 

Subleases & Sales

Property Available Space Rental Rate
Sublease: Morris Corporate Center II
1 Upper Pond Road
Pod D
Parsippany, NJ 07054
7,500 SF Negotiable
Sublease: Glenpointe Centre West
500 Frank W. Burr Blvd
Teaneck, NJ 07666
9,458 SF Negotiable
Sublease: Robert Treat Center
50 Park Place
Newark, NJ 07102
3rd Floor - 7,000 SF / 4th Floor - 4,200 SF Negotiable
Sublease: Medical Sublease
299 Cherry Hill Road
Parsippany, NJ 07054
4,084 SF Negotiable
Sublease: Medical / Professional Sublease
306 Main Street
Millburn, NJ 07649
10,600 SF Negotiable
Sublease: Medical Sublease - 1086 Teaneck Road
1086 Teaneck Rd
Teaneck, NJ 07666
1,832 Negotiable
Sublease: 890 Mountain Ave
890 Mountain Ave
New Providence, NJ 07974
3,617 SF Negotiable
Sublease: 21-25 Riverside Drive
21-25 Riverside Drive
Pine Brook, NJ 07058
24,977 SF (Warehouse) Negotiable

Charitable Affiliations