Accordia Secures Two Leases At River Drive Center II In Elmwood Park For 14,300 SF

An office lease transaction took place at River Drive Center II, located at 669 River Drive, Elmwood Park, NJ. The property encompasses a total of 14,300 square feet within a larger 300,000-square-foot office campus. The leases were secured by Accordia, with Ultra Standard renewing its existing 8,800-square-foot space for a duration of five years. The Peace Islands Institute signed a new 10-year lease for 5,500 square feet.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not disclosed
• Lease Terms: five-year (Ultra Standard), 10-year (Peace Islands Institute)
• Landlord: Frank D. Recine - Accordia
• Tenant: Ultra Standard & Peace Islands Institute
• Brokers: Michael Tesser - Colliers; Jay Tatar - Realty One Group

The landlords involved in this transaction include Frank D. Recine, representing Accordia. The tenants, Ultra Standard and Peace Islands Institute, were represented by brokers Michael Tesser from Colliers and Jay Tatar from Realty One Group. Both leases contribute to enhancing the tenant mix at the River Drive Center II office campus.