Real Estate Strategies Corporation Advises Agfa Corporation in the Acquisition of New U.S. Headquarters
U.S. Subsidiary of Belgium Based Imaging Systems and IT Solutions Company to Relocate U.S. Headquarters by Year End 2011
Somerset, NJ – August 2, 2011 – (RealEstateRama) — Andrew Zezas, SIOR, President and CEO of Real Estate Strategies Corporation, announced today that the New Jersey based corporate real estate advisory and transaction services firm completed another important real estate engagement on behalf of Agfa Corporation. In this case, Real Estate Strategies Corporation advised and represented Agfa Corporation in the negotiation of that company’s new U.S. headquarters. After completion of construction, Agfa is expected to relocate to approximately 36,000 square feet of first-class office space at River Drive Center 3, 611 River Drive, Elmwood Park, NJ. Agfa’s U.S. headquarters has been located at 100 Challenger Road, Ridgefield Park, New Jersey, for almost twenty-five years.
“Agfa Corporation is a highly dynamic company, led by extremely accomplished and sophisticated leadership.” said Andrew Zezas. He continued “As the result of a recent substantial business acquisition, Agfa sought to relocate to new and more centralized headquarters. The transaction we completed for Agfa at 611 River Drive in Elmwood Park achieved the Company’s objectives on many levels. We’re pleased to have represented Agfa in this engagement and are extremely proud of what we have accomplished on their behalf around the country.”
River Drive Center 3, located at 611 River Drive in Elmwood Park, NJ is an 85,000 square foot Class “A” office building developed by LKD, an affiliate of Langan Consulting, one of three office buildings at River Drive Center, totaling over 225,000 square feet. River Drive Center includes the headquarters of prominent New Jersey companies including Langan Engineering and Spencer Savings. River Drive Center is located across from 200 Riverfront Boulevard, a 74,000 square foot office building housing the headquarters of Sealed-Air and other prominent companies, and is the first of a multi-use real estate project, being developed by an affiliate of LKD. River Drive Center is strategically located in Passaic County in northern NJ and is situated between Interstate 80 and Route 46, with convenient access to Routes 20, 3, and the Garden State Parkway.
Real Estate Strategies Corporation is a respected corporate advisory and transaction services firm that provides thought-leadership, decision-making, planning, project management, and transaction execution services to financial and senior executives at management team-led public, private, and portfolio companies, and not-for-profit organizations. Under the leadership of its award-winning CEO, Andrew B. Zezas, RealStrat’s clients engage the firm when acquiring, disposing, renegotiating, or enhancing occupied leased or owned real estate in New Jersey, Pennsylvania, New York, Connecticut, and throughout North America. By creating and executing Business DRIVEN Real Estate Solutions and identifying hidden Opportunities, RealStrat drives greater operational and financial performance in support of its clients’ stakeholder objectives, M&A requirements, and exit strategies.
In the current economic environment, RealStrat’s efforts are focused on uncovering, capturing, and re-purposing hidden liquidity and minimizing risk in its clients’ leased and owned real estate. The firm provides counsel as to competitive advantage strategies in preparation for the eventual economic recovery. Visit www.RealStrat.com.
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