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Real Estate Strategies Corporation Negotiates Major Expansion and Cost Reduction Strategy for Agfa Corporation Distribution Center
(Somerset, New Jersey): Andrew Zezas, SIOR, CEO of Real Estate Strategies Corporation, announced today that the New Jersey based corporate real estate advisory and transaction services firm recently advised Agfa Corporation and executed a transaction for the expansion of the Company’s major east coast distribution facility in South Brunswick, New Jersey. The building, located at 400 Heller Park Court is situated in the industrial market surrounding NJ Turnpike Exit 8A. Agfa expanded it facility from 175,000 square feet to 275,000 square feet and extended its lease.
“Considering the combination of Agfa’s expansion and lease extension, in conjunction with favorable market conditions in the NJ Turnpike Exit 8A area, a landlord who understood deal-making, and our firm’s strategic approach to planning and executing Business Driven Real Estate Solutions on behalf of our clients, we were highly successful in achieving dramatic cost reductions on Agfa’s behalf” said Andrew Zezas. He added “And, as a result of restructuring many of the terms of Agfa’s original lease, we secured significant operational benefits and greater flexibility for the Company, thereby reducing its risk, as well! Agfa is among Real Estate Strategies Corporation’s most prestigious clients. We’re very pleased to have advised and represented Agfa on such an important engagement, and continue to serve the Company in other markets around the country.”
In 2010, Real Estate Strategies Corporation completed engagements on behalf of Agfa Corporation in excess of 850,000 square feet.
400 Heller Park Court is owned by an affiliate of New Jersey based Heller Industrial Parks.
About Agfa Corporation
The Agfa-Gevaert Group develops, produces and distributes an extensive range of analog and digital imaging systems and IT solutions, mainly for the printing industry and the healthcare sector, as well as for specific industrial applications.
About CFO Studio
CFO Studio spotlights New Jersey area senior finance executives, providing them with the opportunity to share their knowledge and communicate their perspectives on current economic, financial, operational, and business issues. Visit www.CFOstudio.com.
Funding for CFO Studio is provided by Real Estate Strategies Corporation, providing corporate real estate advisory and transaction services to CFOs, Management, and corporate Boards in New Jersey and around the United States. Andrew Zezas, CEO of Real Estate Strategies Corporation, is the host and moderator of CFO Studio.
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About Real Estate Strategies Corporation
Real Estate Strategies Corporation is a respected corporate advisory and transaction services firm that provides thought-leadership, decision-making, planning, project management, and transaction execution services to financial and senior executives at management team-led public, private, and portfolio companies, and not-for-profit organizations. Under the leadership of its award-winning CEO, Andrew B. Zezas, RealStrat’s clients engage the firm when acquiring, disposing, renegotiating, or enhancing occupied leased or owned real estate in New Jersey, Pennsylvania, New York, Connecticut, and throughout North America. By creating and executing Business DRIVEN Real Estate Solutions and identifying hidden Opportunities, RealStrat drives greater operational and financial performance in support of its clients’ stakeholder objectives, M&A requirements, and exit strategies.
In the current economic environment, RealStrat’s efforts are focused on uncovering, capturing, and re-purposing hidden liquidity and minimizing risk in its clients’ leased and owned real estate. The firm provides counsel as to competitive advantage strategies in preparation for the eventual economic recovery. Visit www.RealStrat.com.
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