Frank Recine, a principal with Newmark Knight Frank, and Teaneck, N.J.-based Glenpointe Centre
Manhattan-based commercial brokerage Newmark Knight Frank is in discussions with several potential New York-area tenants looking to relocate to the 650,000-square-foot Glenpointe Centre, a Teaneck, N.J.-based office complex that recently gained approval for a major expansion. Glenpointe developer Alfred Sanzari Enterprises recently completed a deal to refinance $25 million in loans, plus spent more than $12 million to renovate the office complex, widely considered one of the top corporate centers in New Jersey. “It’s a true Class A complex that caters to creditworthy small and mid-sized tenants,” said Frank Recine, principal at Newmark’s Rutherford, N.J. office. “We have the capability to build a new 230,000-square-foot complex, which will connect to the existing facilities.” The property, located at Frank W. Burr Boulevard, at the intersection of I-80 and the New Jersey Turnpike, includes the 240,000-square-foot Glenpointe Centre East building at 300 Frank W. Burr Boulevard; the 330,000-square-foot Glenpointe Centre West building at 500 Frank W. Burr Boulevard; an 80,000-square-foot atrium; and the Teaneck Marriott at Glenpointe, a 350-room hotel and conference Centre at 100 Frank W. Burr Boulevard. The proposed new building would be called Glenpointe Centre South and would be leased to a single-purpose tenant or a tenant agreeing to lease at least 180,000 square feet. More
