Comodo CA, a global leader in cyber security solutions, has inked a 20,000-square-foot lease for its U.S. headquarters at 5 Becker Farm Road in Roseland, New Jersey. The CBRE team of Daniel F. Casey, first vice president, and Joseph A. Sarno, associate, represented the building ownership, a joint venture between Soma Capital Partners (SCP) and Northlight Capital Partners, in the lease negotiations. CBRE’s Remy deVarenne, senior vice president, and Kadeem Goodall-Reid, associate, acted on behalf of Comodo CA.
Comodo CA currently has issued more than 100 million digital website certificates. Comodo CA is the industry leading SSL certificate authority worldwide with a 47 percent market share according to Datanyze. A trusted advisor by enterprises globally for more than two decades, Comodo CA provides digital identity solutions for businesses of all sizes protecting their employees, customers, intellectual property and overall brand from damages caused by fraudsters impersonating people and devices.
Ownership acquired the property in 2016 and brought on Accordia Realty Ventures to oversee a significant investment, transforming 5 Becker Farm Road into one of the best-in-class office properties in the area. The capital improvements included lobby renovations, new landscaping with pavers, restroom upgradesand new energy efficient HVAC units. Totaling 118,000 square-feet, 5 Becker Farm Road offers onsite property management and nearby amenities including public transportation, daycare facilities and direct access to Interstate 280.
“Since acquiring the property, Soma and Northlight have worked diligently to make 5 Becker Farm Road into one of the most sought-after, Class A office properties in Roseland, New Jersey,” noted Mr. Casey. “The results speak for themselves as both existing tenants and the brokerage community has responded to the new space and building upgrades with great interest and enthusiasm.”
“We are tremendously excited to be setting up the Comodo Ca world headquarters at 5 Becker Farm,” said Bill Holtz, CEO, Comodo Ca.“The facility is being equipped for sales, marketing, operations, finance as well as senior executives. The design is expected to improve communications and productivity.”
In addition to Comodo’s commitment, law firm Carella, Byrne, Cecchi, Olstein, Brody, & Agnello, PC renewed its lease at the property, further reaffirming its commitment to the building. The renewal followed the completion of the capital improvements at the property.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2017 revenue). Please visit our website at www.cbre.com.
About Northlight Capital Partners
Northlight Capital Partners LLC is a private equity fund manager headquartered in Norwalk, CT, focusing exclusively on real estate investments. NCP manages and advises on approximately $250MM of invested capital, with investments across the United States.
About Soma Capital Partners
Soma Capital Partners LLC is a privately held real estate owner/operator that acquires commercial properties West of Denver and invests nationally on a special situations basis through structured transactions including note purchases, preferred equity, and recapitalizations. The partners of SCP have acquired approximately 2 million square feet of commercial real estate since 2012.
