Serving as the exclusive leasing agent at 25 Hanover Road Corporate Center in Florham Park, New Jersey, CBRE Vice President Peter Shikar arranged three new transactions totaling more than 20,000 square feet. Owned by The Silverman Group, 25 Hanover Road is a two-building complex totaling 134,458 square feet.

The largest transaction arranged at the complex was a 12,494-square-foot lease for Concordia Care, Inc., a specialty risk transfer, care-coordination company servicing insurers, government entities, self-insured plan sponsors and other managed care organizations. In addition, Mortgage Network Inc., one of the largest independent mortgage bankers in the eastern U.S, signed a 5,598-square-foot lease, while financial planning giant Ameriprise Financial completed a 2,123-square-foot lease.

“These new leases speak not only to the allure of such a well-located, high-profile complex, but also to the unsurpassed reputation enjoyed by The Silverman Group, a family-owned and operated private equity and real estate development organization with an outstanding history of success and tenant relationships,” said Mr. Shikar.

25 Hanover Road Corporate Center is within walking distance to Florham Park Center and boasts convenient access to Route 24, I-80 and I-287. The property is also in close proximity to a number of local area restaurants, hotels, banks and shopping destinations.

The Silverman Group recently completed a major capital improvements campaign that included a new fitness center with men’s and women’s lockers, a conference center, new cafe and fully renovated common areas.

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). The company has more than 80,000 employees (excluding affiliates) and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.

About The Silverman Group

The Silverman Group is a family owned and operated private equity and real estate development organization based in Basking Ridge, New Jersey. The firm owns and manages over 12,000,000 square feet of office, industrial, retail, and aviation properties as well has ownership in 3,000 multi-family units throughout the United States. It has over 2,500,000 square feet of commercial space and 2,000 multi-family units currently under development in three states. For more information, please visit www.silvermangroup.net.