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Valeant Expansion Announcement Punctuates Banner Year for Cushman & Wakefield Team

| December 18, 2015 | 0 Comments

Cushman & Wakefield of New Jersey, Inc.Valeant hq
One Meadowlands Plaza
East Rutherford, New Jersey 07073

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Trevisan/Sherman Team Inks 1 Million Sq. Ft. in N.J. Office Transactions

EAST RUTHERFORD, N.J., Dec. 18, 2015 – Valeant Pharmaceuticals’ summertime announcement that it will double its headquarters occupancy in Bridgewater, N.J., to 610,000 square feet punctuates a banner year for the Cushman & Wakefield office brokerage team led by Marc J. Trevisan and David Sherman. The 310,000-square-foot commitment is an expansion of the life sciences giant’s initial 2013 lease, which the group also orchestrated.

The Trevisan/Sherman team closed more than 1 million square feet of deals in New Jersey through December. This also includes significant transactions with clients like General Mills, PCS, Coughlin Duffy, Winne Banta, Kering Eyewear USA Inc., MI Group, Brown and Brown, Chasan Leyner & Lamparello, and Norris McLaughlin & Marcus along with Vice Chairman Robert Rudin, among others.

Trevisan and Sherman both serve as executive vice presidents in Cushman & Wakefield’s East Rutherford office. Other team members include Slava Vaynberg, Mark Zaziski and David DeMatteis.

“Marc, David and their group perform at the highest level and are recognized industry leaders,” noted Ron Lo Russo, president, NY Tri-State region, Cushman & Wakefield. “They are well known for marrying strategic thought process with attention to detail in every assignment, and continuously demonstrate finesse in understanding business needs and leveraging markets to accommodate them. For these reasons, their efforts on behalf of Valeant and other clients in 2015 come as no surprise.”

Trevisan noted that while he and Sherman are veteran brokerage professionals, their team is comprised of mid-level and junior people as well. “David and I have been training up-and-coming brokers for decades,” he said. “We take great pride in having built a diverse and talented team of entrepreneurs who generate business and run transactions with our oversight. We have something special here, which enables us to consistently win pitches and deliver results to our clients.”

According to Sherman, successful dealmaking ties directly to a deep awareness of market cycles. “Marc and I have seen many in our careers, and we understand how to take advantage of both superheated markets and downturns,” he said. “Providing flexibility in all lease negotiations is critical to the positive outcome of any transaction.”

The New Jersey office market currently is on a positive trajectory, with robust demand, declining vacancies and higher asking rentsaccording to Cushman & Wakefield research. At the end of the third quarter, 8.5 million square feet of lease transactions had been completed in the state’s Northern and Central counties, representing a 37.0 percent increase year over year.

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About Cushman & Wakefield

Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. The firm’s 43,000 employees in more than 60 countries provide deep local and global insights that create significant value for occupiers and investors around the world. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $5 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.

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Category: Cushman & Wakefield of New Jersey, News Releases, Newswire: Latest News

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