MRY Associates, in partnership with Normandy Real Estate Partners, announced Tuesday the partnership has retained Jones Lang LaSalle to manage office leasing and Silbert Realty to manage retail leasing at 466 Springfield Avenue, a class A space in Summit.
According to the announcement, East Rutherford-based Jones Lang LaSalle assigned J.C. Giordano and John Compitello to lead office leasing assignment for the building, which will include 28,000 square feet of headquarters-quality office space. Brian Silbert and Wayne Kasbar of Silbert Realty, based in the Millington section of Long Hill, to manage leasing for the building's retail component, which will total 4,500 square feet of ground-floor retail space. Vertical construction on 466 Springfield Avenue is scheduled to commence in March 2014, with completion projected during the first quarter of 2015.
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The partnership recently commenced a comprehensive redevelopment program for the site of 466 Springfield Avenue, beginning with demolition of an existing structure. In its place, the partnership will develop a brand new, four-story, mixed-use building designed to complement the surrounding architecture of downtown Summit, with 85-feet of frontage along Springfield Avenue. The partnership will incorporate energy-efficient windows, as well as cutting-edge building mechanicals with an energy management system, MRY said in a statement.
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