Bloomfield, N.J. (PRWEB) December 10, 2009
The Hampshire Companies, a full-service, private real estate investment firm with equity in assets valued at over $2 billion, has announced that ITT Space Systems has leased 24,484 square-feet of office space at 1515 Broad Street in Bloomfield, N.J.
ITT Space Systems is a provider of innovative remote sensing and navigation solutions to customers in the Department of Defense, as well as the intelligence, space science and commercial aerospace industries and they will be utilizing the newly leased space for general office needs. 1515 Broad Street is comprised of four buildings totaling 280,082 square feet. ITT Space Systems will occupy the entire third floor and partially occupy the second floor of Building D bringing the entire complex to 86% occupancy.
1515 Broad Street has undergone major renovations in the past two years, having been taken down to the steel and completely rebuilt. The Class A property features architectural enhancements to improve the workflow between buildings, a fitness center, cafeteria, new elevators, a new parking lot, updated bathrooms, energy efficient windows and doors and an upgraded interior.
"The significant improvements to the 1515 Broad Street property continue to generate interest from a variety of high caliber tenants," said Todd Anderson, a Principal of The Hampshire Companies. "The addition of ITT Space Systems further establishes the property as one of the premier office campuses in Essex County and displays The Hampshire Companies' ability to meet demands for high-quality office space."
The office complex offers prime visibility and easy access to major highways including The Garden State Parkway, Route 3, I-80 and I-280. Currently, 38,906 square feet of space is available for lease. Bill McCaffrey of CB Richard Ellis represented The Hampshire Companies in the transaction and Sean Brady of Cushman & Wakefield represented the tenant. Please contact Bill McCaffrey at 973-437-2023 for leasing information and opportunities.
About the Hampshire Companies
The Hampshire Companies is a full-service, private real estate investment firm based in Morristown, New Jersey. The Hampshire Companies is a vibrant, dynamic organization that combines creative vision and superior execution, thereby enabling it to create and enhance value in real estate investments. Additional information on The Hampshire Companies is available online at http://www.hampshireco.com.