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Deals & Dealmakers

Tobacco giant renews with Sanzari in NJ

Tobacco manufacturer JT international USA has expanded and renewed
its lease for 18,500 s/f of office space at Alfred Sanzari’s Glenpointe
corporate center in Teaneck, NJ.

JTI USA has been at the landmark office campus located at
300/400/500 Frank W. Burr Boulevard in Teaneck for the past 11 years. One of
the world’s largest manufacturers and distributors of tobacco , the company houses
its US market’s executive, marketing, sales, corporate affairs, finance, human
resources and information technology teams at Glenpointe.

“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.”

Barta represented Alfred Sanzari Enterprises in the
transaction. JTI was represented by Greg Barkan of CBRE.

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