CMA CGM (America) LLC Moves to One Meadowlands Plaza
Iselin, NJ (June 30, 2010)
In a transaction that will enable CMA CGM (America) LLC to upgrade its image and operate more efficiently, the leading worldwide shipping group has signed an 8,839-square-foot 10-year lease for office space at One Meadowlands Plaza, the 423,000-square-foot office component of the Meadowlands in East Rutherford, New Jersey.
International commercial real estate services firm Studley’s Stuart Lipper, managing director, with Robert Bull, executive managing director, represented CMA CGM in the transaction at the building owned by CB Richard Ellis Investors LLC.
“We took advantage of an aggressive landlord, negotiating to consolidate the tenant’s multiple operations in a building that represents top quality,” said Mr. Lipper.” According to Mr. Lipper, the landlord is also providing a turn-key build out. Asking rent at the property is $28.50; move in was completed in May 2010. Don Sperling of CBRE represented the landlord.
CMA CGM LLC was formerly located at 300 Lighting Way in Secaucus.
Studley is the only global tenant advisory firm with a pure tenant representation delivery platform. Founded in 1954, Studley pioneered this conflict-free business model. Today, with 19 offices nationwide and an international presence through its London office and AOS Studley throughout Europe, Studley provides strategic real estate consulting services to top-tier corporations, law firms, nonprofits, government agencies and institutions of higher education. Information about Studley is available at www.studley.com.