Team of Samuel Horowitz & Chris Hovanec Bring 178,000 Square-Foot, Class-A Office Building To Market

Leading global commercial real estate services and investment management firm Colliers International Group Inc. (NASDAQ and TSX: CIGI), announces it has been retained as the exclusive leasing agent for 120 Eagle Rock Ave in Hanover, New Jersey. The team of Samuel Horowitz, LEED AP, Executive Managing Director, and Chris Hovanec, Executive Managing Director, will manage the prominent assignment for the 177,820 square-foot, Class-A office building.

The property, which was acquired by Northeast Capital Group in February, is conveniently situated in the Route 280 Corridor submarket, providing immediate access to Interstates 80 and 287. The building is currently 85% occupied and recently underwent significant renovations including upgrades to interior finishes and the addition of a “Tenant Center”, which features a new café with outdoor seating area, conference rooms, tenant lounge, and fitness center. Prominent tenants in the building include Prudential Insurance Company of America, Kessler Foundation and GFK.

The property also features co-working opportunities, providing small companies with the ability to have a professional presence in a first-class building. It has also acted as an incubator for tenants who may be interested in taking advantage of flexible expansion opportunities.

“This building checks each of the boxes that prospective tenants continue to search for,” said Horowitz. “The property is situated in an exemplary location and offers flexible workspaces and desirable amenities to meet the needs of a wide variety of tenants. We expect to fill the remaining space immediately and look forward to welcoming more top organizations to an already impressive tenant roster.”

"We're excited with our recent acquisition of 120 Eagle Rock", said Joel Kiss, CEO of NECG, "This is a unique and high quality building with a great community of tenants, we look forward to operate this building smoothly to the satisfaction of our tenants and also improving and upgrading the building as needed."

About Colliers International

Colliers International (NASDAQ, TSX: CIGI) is a leading global real estate services and investment management company. With operations in 68 countries, our 14,000 enterprising people work collaboratively to provide expert advice and services to maximize the value of property for real estate occupiers, owners and investors. For more than 20 years, our experienced leadership team, owning more than 40% of our equity, have delivered industry-leading investment returns for shareholders. In 2018, corporate revenues were $2.8 billion ($3.3 billion including affiliates), with more than $26 billion of assets under management.