Organon
Sells Last Parcel in Former West Orange HQ, R&D and Manufacturing
Campus
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(Kenilworth, New
Jersey - September 25, 2007)
Andrew B. Zezas, SIOR, President & CEO of Real Estate Strategies
Corporation announced today that the corporate real estate advisory
and transaction services firm has again represented its long-time
client, Organon USA Inc., in the sale of the third and final building
of that company's former headquarters, R&D, and manufacturing
campus located at 375 West Mount Pleasant Avenue in West Orange,
New Jersey. In this recent transaction, which closed on September
24, 2007, Real Estate Strategies Corporation negotiated the sale
of Organon's multi-story, 175,000 square foot, 11 acre former office,
research and pharmaceutical manufacturing building to a prominent
and well-respected New Jersey developer.
"The sale
of 375 Mount Pleasant Avenue represents an exciting conclusion to
Organon's three-part project in which we've been engaged for over
four years. The sale of this last parcel required a unified effort
by many important partners, including Organon, our firm, the buyer,
and others." said Andrew B. Zezas. He went on to say, "Organon
has been |
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one of Real Estate Strategies Corporation's most important clients
since we founded the company. They've been my client for more than
twelve years, and we're pleased to have worked closely with their
executives in completing such an important project on the Company's
behalf." Louis J. Desiderio, Profitability and Liquidity Advisor
and CFO at Real Estate Strategies Corporation added, "Our CEO
has represented Organon for many years, and we are pleased that Organon
continues to view our firm as the right strategic partner to achieve
their real estate and business objectives." |
Andrew B.
Zezas, SIOR, is Relationship Manager, Strategist, and President
& CEO of Real Estate Strategies Corporation, Publisher of "Business,
Profits and Strategy", a monthly online publication read by
thousands of business, financial, and real estate executives nationally,
and, is the author of two new real estate books, The CFO's Guide
to Understanding Corporate Real Estate Transactions and The
CFO's Guide to Hiring the "Right" Real Estate Service
Provider, both of which will be available shortly at www.TheCFOsGuide.com.
Mr. Zezas is well-known for his ease and informative style of public speaking,
and has given talks, presentations, and has lead educational programs
for business, professional, government, and trade associations, including
the Building Owners and Managers Association, American Management Association,
the U.S. Postal Service, RealComm, Society of Industrial and Office Realtors
(SIOR), and others. Andrew is National Chairman of the SIOR Tenant Representation
Specialty Practice Board, and is a licensed real estate instructor in
Texas and Indiana. He can be reached at 908-245-5999 or via email.
Real
Estate Strategies Corporation is a New Jersey-based advisory
and transaction services firm that helps companies achieve greater operational
and financial performance by creating and executing Business
Driven Real Estate Solutions...and Uncovering
Hidden Opportunities. "RealStrat’s" advisory, acquisition,
and disposition services promote intelligent business decision-making,
while achieving the operational and financial objectives of public, private,
and global companies, not-for-profit organizations, and the executives
who lead them. Real Estate Strategies Corporation can be reached at 908-245-5999,
or online at: www.RealStrat.com
or at www.CFORealEstate.com.
The CFO's
Guide to Understanding Corporate Real Estate Transactions, published
by Real Estate Strategies Corporation, is available to corporate and financial
executives at www.TheCFOsGuide.com.
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