Rockland office building breaks ground

Real Estate Weekly, July 21, 1999

Ground-breaking is imminent for Rockland County's newest office building. Lynmark Construction & Management Co. Inc. has announced that construction on the newest addition to Empire Executive Office Park in Suffern, NY, Executive Four, a 70,800 square-foot, four-story building, will get underway in August. Insignia/ESG is exclusive leasing agent for the building.

"The decision to build at this time is triggered largely by the heightened demand for Class A space in this area," said Cheryl Hardt, who with Insignia/ESG's Christopher Olsen and David Sherman is directing the leasing program. "The current availability rate for the Orange/Rockland submarket is 1.4 percent - one of the lowest in the region that encompasses Northern New Jersey and this portion of New York State. Given the location of the Empire Executive Office Park and the particular attractions of the new building, we feel that response of the business community will be extremely enthusiastic."

Executive Four will be fronted by a bricked plaza within the office park. The building is designed as a workplace for the new millennium and features sophisticated technology, including fiber optic and analog telephone capability, energy-conscious heating and cooling systems and on-site management.

The Empire Executive Office Park contains two fully occupied office buildings, Executive I, an office condominium and Executive II, a Holiday Inn Hotel and Conference Center. It boasts a strategic location at Exit 14B of the New York Thruway, with immediate access to the Garden State Parkway, the Palisades Interstate Parkway, Route 17 in New Jersey and I-287. This location provides comfortable commuting for residents of Rockland, Orange and Westchester counties in New York State and Morris, Bergen and Passaic counties in New Jersey, thus providing an extremely large and talented workforce. These attractions have not gone unnoticed by the business community, which have established major facilities in the area. Nearby corporate neighbors include Lucent Technologies, Allstate Insurance, Apple Computer, WyethLederle and Fujitsu Network.

Lynmark Construction & Management Co., Inc. has played a role in the development of quality commercial and residential properties for more than 40 years. The scope of the firm's investment activities includes office parks, banks and shopping centers, and multi-family and single-family dwellings. Lynmark is headquartered at Empire Executive Office park in Suffern, NY.

Insignia/ESG's New Jersey operations in Saddle Brook provide comprehensive brokerage, consulting and investment sale services statewide. Last year, it handled more than 3 million square feet of tenant representation, lease agencies, and disposition assignments, and managed more than 2.8 million square feet of New Jersey commercial property.