FAIRFIELD, NJ — Accordia Realty Ventures (Accordia), an entrepreneurial real estate investment and development firm based in Fairfield, recently announced multiple new retail and office lease transactions across their portfolio to close out 2023.
Leading this new activity are two lease renewals at Accordia’s headquarters, Greenbrook Executive Center, a 203,028 s/f class A office building located in Fairfield. ConnectiveRx, a pharmaceutical company, signed a short-term renewal for 19,371 s/f, while law firm Dwyer, Connell & Lisbona LLP committed to a five-year renewal for their 7,731 s/f suite at the property. Fred Hyatt and Derek DeMartino of JLL brokered the transactions for the landlord and are the agents for Greenbrook Executive Center.
“Despite a slowing in the office market, there’s been tremendous leasing activity at Greenbrook Executive Center – and that can be attributed to a flight to quality. Our recent activity is proof that Greenbrook exemplifies certain desired traits,” said Jason Bogart, principal and co-founder of Accordia Realty.
River Drive II, located in Elmwood Park, has seen an increase in office leasing activity as well, accommodating unique needs for tenants across the Bergen Central market. Bridgeway Behavioral Health, a health services company, signed a five-year lease at the property, while Aptitude Development, a real estate development firm, expanded to over 7,000 s/f. Robert Norton of CBRE represented Behavioral Health for the transaction. Hyatt and DeMartino of JLL brokered the deals for the landlord and are the agents for RDII.
In addition to strong office activity in Fairfield and Elmwood Park, two new retail leases were signed at The Shoppes at Godwin in Midland Park, a mixed-use property with 14 retail units and five apartments. New tenants Flawless Nails and New Jersey Cabinet Distributors bring occupancy to 95% for the centrally located property. DeFino Realtors represented the landlord for both deals.
Amy Smith of DeFino Realtors represented Flawless Nails and Jackeline Perna of United Real Estate North Jersey represented NJ Cabinets.
According to Bogart, the company will soon be announcing its East Coast expansion program, scheduled to launch in mid-2024.