News: Front Section
Posted: March 13, 2008
Varholak and Friedman of RBJ broker 70,000 s/f lease for Olympus
Richards Barry Joyce & Partners, LLC (RBJ), has brokered a 70,000 s/f lease for Olympus NDT at 48 Woerd Ave.
The building is the headquarters for Olympus NDT, which is a subsidiary of Olympus Corp. of Japan. It supplies economical inspection and maintenance systems globally that enhance safety, security, and productivity for customers that contribute to society.
Prior to signing the 10-year lease, the company had subleased space in the single-story building. 48 Woerd Ave. is owned by Intercontinental Real Estate Investment Fund III, LLC.
"Remaining in 48 Woerd Ave. enables Olympus NDT to sustain its work without interruption," said Jonathan Varholak, partner, RBJ. "The building is appealing to Olympus because it is centrally located for its employees and partners."
Olympus NDT was represented by Varholak and Ron Friedman, vice president, of RBJ.
Intercontinental, the building's landlord, was represented internally by Thomas Taranto, director of acquisitions, asset and portfolio management.
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