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Cushman & Wakefield Completes 6,138-Square-Foot Office Lease at Glenpointe

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Cushman & Wakefield of New Jersey, Inc.
One Meadowlands Plaza, Suite 1100
East Rutherford, New Jersey 07073

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Release Date: Thursday, May 01, 2014

Media Contact: Evelyn Weiss Francisco (201) 796-7788

Peapack-Gladstone Bank's Private Banking Group will Occupy the Space

TEANECK, N.J., May 1, 2014 – Peapack-Gladstone Bank is the latest organization to join the growing tenant ranks at Glenpointe Center in Teaneck. The Bank's Private Banking Group will occupy 6,138 square feet at the class A office complex's Atrium in Teaneck, signing a long-term lease.

Glenpointe Center owner Alfred Sanzari Enterprises was represented in the transaction by the East Rutherford, N.J.-based Cushman & Wakefield team of Richard Baumstein, Marc Graham and Christian Politan. Peapack-Gladstone Bank was represented by James Sousa of Weichert Commercial Brokerage.

"This is a new location and a new area for Peapack-Gladstone," said Graham. "The Bank has been expanding beyond its Somerset/Morris/Hunterdon core area – they opened an office in Princeton recently and have been looking elsewhere, including Bergen County. This lease is a strong endorsement of Glenpointe by a prestigious organization as a premier business location, and is a testament to its pre-eminent status in Bergen County."

"When we began looking at Bergen County, Glenpointe was on our short list – in fact it was our first choice," said Doug Kennedy, President and CEO of Peapack-Gladstone Bank, a New Jersey Bank holding company based in Bedminster and founded in 1921, with total assets of $2.25 billion. "The bottom line is that we really wanted to be here, and the Sanzari and Cushman & Wakefield organizations were a pleasure to work with to make it happen."

Glenpointe Centre, with its combination of 650,000 square feet of top-flight class A office space and on-site amenities, is a regional hub and home to a broad range of local, national and international companies. The 50 acre complex encompasses Glenpointe Centre West, Glenpointe Centre East and The Atrium at Glenpointe office buildings; the 350-room Teaneck Marriott Hotel & Conference Center; and the state-of-the-art, 26,000-square-foot Glenpointe Spa & Fitness Center. Other amenities include a full-service bank, cafeteria, restaurant, wine bar, lounge, covered parking, on-site management, 24/7 security and a variety of services.

Glenpointe Centre's location is also key – it is strategically situated at the intersection of I-80 and I-95, just three miles from the George Washington Bridge, with easy access to New York and New England and such major thoroughfares as the New Jersey Turnpike, Garden State Parkway and Routes 4 and 46, and all area airports.

And Glenpointe Centre continues to grow, with approvals in place for the new 242,000-square-foot class A Glenpointe Centre South, with extraordinary visibility and signage opportunity along heavily traveled I-95. The Cushman & Wakefield team is also currently marketing Glenpointe Centre South.

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