CBRE Appointed Exclusive Leasing Agent For3 Giralda Farms

1/26/21

CBRE announced it has been appointed the exclusive leasing agent at 3 Giralda Farms, a vacant,141,000 sq. ft. Class A office building in Madison, New Jersey slated for a complete overhaul and modernization.

The purchase is a joint venture ownership between Pentaurus and Lord Fisher Capital, private real estate investment and management companies with a combined ownership of over $220 million in real estate assets and a 30-year track record of repositioning properties. The building will undergo a multi-million dollar capital improvement campaign that will include a new lobby, gym, café withan adjacent outdoor patio, additional parking, and outdoor amenities including walking trails, seating and a recreational activities area.

A CBRE team comprised of Ronald Volk, Jonathan Meisel, Jon Williams, Peter Shikar and Mike Neiliwodski will spearhead the leasing campaign on behalf of ownership. The entire building is available for lease, divisible to 10,000 sq. ft.

“Located within the prestigious Giralda Farms gated community, this Class A office property features a bucolic setting with walking paths and 22 acres of open space,” said Mr. Volk. “Ample covered parking,three-story glass lobbies, a stadium-style conference center/training room, and outdoor terrace sare some of the features that make 3 Giralda Farms a perfect corporate headquarters location.”

“3 Giralda Farms was built to honor the rich, elegant history of the Geraldine Rockefeller Dodge estate which once sat here,”commented Brandon Rolnick, President of Lord Fisher Capital. “We’re looking to recapture that grandeur and re-imagine it in the context of a 21st century office environment, where the needs of both employee and employer are met in a fully updated and upgraded facility. We’re targeting the health and well-being of body and mind to bring about the perfect work environment where focus and creativity thrive.”

The office property’s ideal location offers tenants immediate access to downtown Madison and is just minutes from downtown Morristown with its abundance of premier restaurants, shopping and hotels.

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2019 revenue). The company has more than 100,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 530 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.

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