Avis Budget Group Increases Operating Efficiency, Makes Entire Building Available…Almost!

For Release

Contact:  Shannon Corea

(908) 245-5999 x 17
Shannon.Corea@RealStrat.com

 

Real Estate Strategies Corporation Offers Office Building For Sublease or Assignment First Time on the Market!

(Parsippany and Somerset, New Jersey):  Andrew Zezas, SIOR, President and CEO of Real Estate Strategies Corporation, announced today Avis Budget Group has engaged the Somerset, New Jersey based corporate real estate advisory and transaction services firm to offer almost an entire office building for sublease or assignment.  The space, located at 3 Century Drive, Parsippany, New Jersey, comprises approximately 64,041 square feet and is spread over three floors.   3 Century Drive contains approximately 72,000 square feet and is located in the heart of Parsippany at the intersection of Routes 10 and 202.  The remainder of the space is occupied by Sonoco Flexible Packaging and an on-site café.

“3 Century Drive is a unique building.  Recently, the building served Avis Budget Group as a highly efficient back office facility” said Andrew Zezas.  He continued “However, with very little effort, 3 Century Drive could easily create a headquarters or regional office presence for any company!”  Lawrence Dickstein, Executive Vice President with Real Estate Strategies Corporation added “Avis Budget Group has instructed us to be extremely aggressive in completing a sublease or assignment transaction at 3 Century Drive in short order.  Given the property’s attributes, and the interest we’ve already received, we’re confident that the space will be leased very quickly!”

Information about 3 Century Drive is available at www.3CenturyDrive.com or by calling Real Estate Strategies Corporation at 908 245 5999 x11, x12, or x15.

Real Estate Strategies Corporation is a respected corporate advisory and transaction services firm that provides thought-leadership, decision-making, planning, project management, and transaction execution services.  Under the leadership of its award-winning CEO, Andrew B. Zezas, “RealStrat” advises financial and senior executives at management team-led public, private, and portfolio companies, and not-for-profit organizations.  Its clients engage the firm when acquiring, disposing, renegotiating, or enhancing occupied leased or owned real estate in New Jersey, Pennsylvania, New York, Connecticut, and throughout North America.  By creating and executing Business DRIVEN Real Estate Solutions and identifying hidden Opportunities, RealStrat drives greater operational and financial performance in support of its clients’ stakeholder objectives, M&A requirements, and exit strategies.

In the current economic environment, RealStrat’s efforts are focused on uncovering, capturing, and re-purposing hidden liquidity and minimizing risk in its clients’ leased and owned real estate.  The firm provides counsel as to competitive advantage strategies in preparation for the eventual economic recovery.  By restructuring existing leases, disposing of surplus property, structuring sale / leaseback transactions, securing new and replacement financing, and acquiring leased or owned real estate, RealStrat reduces its clients’ occupancy costs and risk, and increases their operational flexibility and resiliency.  Many of the firm’s clients have realized multiple seven-figure present value cash benefits through the creative planning and execution of these strategies.  Visit www.RealStrat.com.

Read about timely commercial real estate issues at RealStrat’s blog at www.CorporateAdvisor.wordpress.com.   Follow RealStrat at http://www.Twitter.com/RealStrat.

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