NGKF announces ownership change at The Meadows
Rutherford, NJ — Newmark Grubb Knight Frank (NGKF) announced that The Meadows property at 201 and 301 Route 17 North, Rutherford, is now under new ownership by Meadows Landmark LLC, a Delaware limited liability company. Executive managing directors Timothy Greiner and Frank Recine, managing director Blake Goodman and director Jamie Ragucci have served as leasing agents for the property under the previous ownership and will continue to do so for Meadows Landmark LLC.
American Landmark Properties has assumed management for Meadows Landmark LLC. The Meadows is a class A office property with 600,000 s/f of space across two towers. Located in the Meadowlands submarket, The Meadows’ location provides direct access to Manhattan and the rest of the region. The 19.8-acre campus sits on a four-way interchange at the intersection of Routes 3 and 17, and minutes from Route 80, The Garden State Parkway, the New Jersey Turnpike and the Lincoln Tunnel. Upper floors of each twelve-story tower offer stunning views of Manhattan. Barbara Carley, vice president of American Landmark Properties, said, “The excitement of the development in the area and the proximity to Manhattan is what attracted us to the building.” The rapid rate at which the property has reached 92% of its leasing capacity is reflective of the desirability of the location. In addition, the accessible New Jersey space leases at nearly one-third the price of similar New York City offices. Amenities include a conference center, full-service cafeteria, café, sundry shop, on-site security, daycare center and WIFI connectivity throughout the public outdoor landscaped plaza. The buildings have an upgraded look now, complete with lobby and bathroom renovations, in addition to a repaved parking lot and updated signage. Interior improvements were also made, including updates to the cafeteria, lobby and fitness center. On the upper floors, the elevator cabs, lobby landings and bathrooms are newly-renovated.