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AnnieMac Home Mortgage recommitted to Mount Laurel, N.J., for another eight years by extending and expanding its headquarters lease at 700 East Gate Drive, according to Newmark Grubb Knight Frank (NGKF).
AnnieMac, which specializes in new home mortgages and refinancings and serves as a direct lender, will occupy 51,000 square feet, up from its previous lease of 30,000 square feet, at the five-story, 119,000-square-foot office building in the East Gate Corporate Center, the largest business park in southern New Jersey.
“AnnieMac’s management has successfully grown its footprint in the U.S. to over 50 branch locations, which has necessitated its need to expand its operations at its headquarters,” said Frank D. Recine, executive managing director at NGKF, who represented AnnieMac in the deal and also exclusively represents the tenant nationally. “The ownership, Brandywine Realty Trust, has accommodated AnnieMac’s expansion at 700 East Gate Drive during each step of the process.”
The Class A property is conveniently located at the intersections of four major commuter routes: I-295, N.J. Turnpike, Route 73 and Route 38. It features a café and loading dock, and is near many restaurants, shopping and hotels.
Brandywine Realty Trust was represented in-house by Larry Maister during the lease negotiations.
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NGKF’s 12,000 professionals operate from more than 320 offices in established and emerging property markets on five continents.
With roots dating back to 1929, NGKF’s strong foundation makes it one of the most trusted names in commercial real estate. NGKF’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.
NGKF is a part of BGC Partners, Inc. (NASDAQ: BGCP), a leading global brokerage company primarily servicing the wholesale financial and real estate markets. For further information, visit www.bgcpartners.com.