FORT LEE, NJ – Vatech America, Inc. has signed a lease for 16,000 square feet of office space at 2200 Fletcher Ave. in Fort Lee, announced commercial real estate services firm Cushman & Wakefield of New Jersey, Inc., leasing and management agents for the class A property. The East Rutherford-based Cushman & Wakefield team of Richard Baumstein, Marc Graham and Christian Politan represented owner James Campbell Company.
Vatech America, Inc., a leading provider of digital imaging products and services, was represented by Sarah Kim of Z Realty Group, LLC. With the transaction, the tenant will relocate its U.S headquarters to northern Bergen County from its current location in the Meadowlands.
“With a need to expand, this location perfectly fit Vatech America’s requirements,” said Politan. “This is also a welcome transaction for the Fort Lee office market, which has been stagnant with the exception of existing tenants moving within the market. This latest transaction created some positive absorption for the market.”
The signing leaves an availability of 25,782 square feet at 2200 Fletcher Ave., a 215,500-square-foot, seven-story building that was constructed in 1988 and recently underwent substantial upgrades. It is located on five acres near the George Washington Bridge, I-80, I-95, Palisades Interstate Parkway and Route 9W. Amenities include an atrium lobby, fitness center, café, parking garage, security system and 24/7 on-site security.
“More building improvements are being made going forward,” said Politan. “With its amenities, great location and accessibility and strong institutional ownership, it is a prime location for business. We are seeing considerable interest in the remaining space and anticipate additional announcements soon.”
The Hawaii-based James Campbell Company acquired 2200 Fletcher Avenue as part of the company’s initial expansion into the New Jersey/New York market.