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669 River Drive

Updated Mar 2, 2026

Frank D. Recine Of Accordia Signs 76K Sq. Ft. Leases Across Northern New Jersey Office Assets
LEASEDOffice

Frank D. Recine Of Accordia Signs 76K Sq. Ft. Leases Across Northern New Jersey Office Assets

669 River Drive & 100 Passaic Avenue

Building Size

76,000 SF

Asset Type

Office

Closing

Mar 2, 2026

About this deal

AI

The transaction involves an office asset located at 669 River Drive and 100 Passaic Avenue, encompassing a total square footage of 76,000. The market spans Elmwood Park and Fairfield, New Jersey, focusing on well-located Class A office space near major commuter highways including Interstate 80 and Route 46. The properties feature upgraded amenities and managed tenant environments.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Square Footage: 76,000
  • Address: 669 River Drive & 100 Passaic Avenue
  • Market: Elmwood Park & Fairfield
  • Landlord: Frank D. Recine
  • Management Company: Accordia

Accordia has successfully signed nearly 76,000 square feet of leases and renewals across two office properties in Northern New Jersey. This reflects steady leasing momentum in the region, supported by the strategic location and enhanced tenant experiences at both River Drive Center II in Elmwood Park and Greenbrook Executive Center in Fairfield.

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Players

Frank D. Recine

Accordia

Landlord

2 deals

Landlord

Elmwood Park Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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