Glenpointe announces an 18,500-square-foot lease renewal with long-term tenant JT International USA (JTI USA) at the landmark office campus located at 300/400/500 Frank W. Burr Boulevard in Teaneck, N.J.
JTI USA is a part of JTI, one of the world’s largest manufacturers and distributors of tobacco products with 45,000 employees across the globe. Over 11 years, Glenpointe has been home for the US market’s executive, marketing, sales, corporate affairs & communications, finance, human resources, and information technology teams.
However, as the company evolved, JTI USA’s existing space at Glenpointe no longer met their changing space needs. Working closely with Glenpointe’s leasing team, JTI USA will be able to move into a larger 18,500-square-foot space without leaving the complex that could provide ample room for their business needs.
“For many businesses, relocation can be a massive disruption, but business realities can often make it a necessity,” said Jerry Barta, Vice President and Director of Leasing and Marketing for Alfred Sanzari Enterprises, which developed, owns and manages Glenpointe. “Fortunately, the adaptable construction of Glenpointe ensures that the complex can serve the evolving space needs of growing tenants like JTI USA. Coupled with our focus on building long-term relationships with our tenants, the unparalleled Glenpointe tenant experience provides businesses with stability amidst today’s uncertain circumstances.”
Michael Mete, CFO of JTI USA added, “As our company has evolved over the past 11 years, the Alfred Sanzari Enterprises management and leasing teams have been with us every step of the way, ensuring that Glenpointe was able to meet our needs as our business grew. Their responsiveness and hands-on approach have fostered a great partnership and we’re proud to continue to call Glenpointe home.”
Barta represented Alfred Sanzari Enterprises in the transaction. JTI was represented by Greg Barkan of CBRE.
Located only miles from New York City and at the full highway interchange of Route 80 and I-95, Glenpointe features convenient regional access and proximity to all local airports and major thoroughfares including the Garden State Parkway, Palisades Interstate Parkway and Routes 4 and 46. Glenpointe also includes the 26,000-square-foot Glenpointe Spa and Fitness Center, a cafeteria, a full-service Starbucks café, a restaurant, a wine bar, a lounge, abundant covered parking, 24/7 security and a variety of other services. In addition to the office space and amenities, the Glenpointe Complex also boasts 700 hotel rooms in the attached Marriott at Glenpointe and the recently opened, dual-branded Hampton Inn & Suites and Homewood Suites at Glenpointe.
Recently undergoing a robust capital improvement strategy, the Glenpointe campus has been significantly revamped with upgraded furniture, lighting fixtures and Wi-Fi throughout its common areas, creating a modern and welcoming experience for tenants and guests. Additionally, Glenpointe completely overhauled its outdoor amenity space, The Green, with new stonework, seating areas and greenery surrounding its iconic fountain, which creates an outdoor oasis for tenants.
In addition to extensive campus-wide upgrades, Glenpointe’s leverages a technology-driven tenant engagement strategy through its partnership with Better Spaces, which provides tenants with a community lounge, “The Pointe,” and other shared spaces accessible via the Better Spaces app. The app also gives tenants access to a robust schedule of programming curated by a full-time, on-site community management staff, with activities ranging from ping pong tournaments to yoga classes, art shows, chair massages and nature hikes. Further bolstering Glenpointe’s amenity offerings is Fooda, a pop-up food service that gives tenants the opportunity to sample a different local restaurant each day without ever having to leave the campus.