McBride Corporate Real Estate has earned a reputation as one of the New York Metropolitan area’s leading brokerage firms of industrial and office space for over 60 years. Read on to learn more about our clients’ real estate and property development success stories.
McBride Corporate Real Estate Helps Nonprofit Expand
Overview
A local nonprofit, with the mission to provide individualized workouts and resources to people with spinal cord injuries and other forms of paralysis, needed help. While their community reach was poised to expand, their space was hindering their growth. Since 2008, McBride and the organization have worked together, with the firm first assisting them in securing a location in Riverdale, NJ. After outgrowing that space, McBride negotiated a lease for a building in Oakland, NJ that they remained in for seven years, but eventually outgrew as well. With a long list of conditions their new space had to meet to accommodate the special needs of their injured and disabled clientele, they turned to McBride Corporate Real Estate once again. It is their strong relationship and 15-year history that became the foundation for success – a bigger facility in an advantageous location.
Challenge
Push to Walk is a nonprofit that empowers people who have suffered severe spinal cord and traumatic brain injuries and paralysis to have a brighter future through innovative, specialized treatment. Experiencing rapid growth over the last decade, Push to Walk outgrew their spaces three times over – moving first from a 1,000-square-foot location to a 3,550-square-foot space in Riverdale and later to a facility that is approximately 7,800-square-feet in Oakland, NJ. Offering customized programs to help their clients regain strength, improve their function, and enhance their daily lives, Push to Walk required a particular space to fit their unique needs and help them serve their clients. Many of the organization’s clients use wheelchairs, so it was imperative for Push to Walk’s new space to be on the ground floor with access to numerous handicapped parking spaces for their exclusive use. The space also needed to be able to accommodate a myriad of large equipment, including a skeletal device that hangs from the ceiling and includes approximately 50 feet of aerial track. The device holds a patient’s body weight in a suspended harness, allowing them to walk and develop neuromuscular strength and skills. Not only did Push to Walk need a larger space, but also one better geographically suited for their clients. Some of the organization’s clients travel long distances to utilize their services, coming from across the state or from out-of-state destinations.
Solution
McBride was honored when Push to Walk reached out to the firm again to help them find a larger space so the organization could do their important work serving their community. We were especially proud that Push to Walk has trusted McBride to meet their commercial real estate needs for a decade and a half. Just as Push to Walk helps their clients focus on specific, meaningful goals, McBride began the process by ensuring we thoroughly understood the organization’s needs and objectives. Our team conducted an extensive property search spanning throughout Morris and Bergen Counties.
Results
With the help of McBride Corporate Real Estate, Push to Walk selected a beautiful, 11,000-square foot space in Montvale, NJ, which is more than three times the space they had in their Riverdale location. The new space has allowed Push to Walk to better serve those with traumatic injuries, with expanded availability to see more clients and employ more therapists and trainers. The new location is conveniently accessible from NJ-87, Interstate 287, and the Garden State Parkway, and can be easily located by new visitors. Not only did McBride help to find Push to Walk’s upgraded space, but we also helped provide guidance and negotiated the lease to ensure the organization can achieve their mission in a space that promotes the progress of those they serve and reflects the growth of the organization.
At McBride, real estate is our business, but relationship-building is our specialty. When you work with us, you are more than a transaction. You get a team of seasoned experts who are invested in your success and there to support your commercial real estate needs every step of the way. As your organization grows and develops, let McBride Corporate Real Estate help you thrive. Please contact us today.
Vodanet Systems Commercial Estate Success Story
Challenge
A leading provider of Enterprise IT hardware needed a new space that was more suitably sized for its evolving business needs. Though their previous space was leased, they were looking to purchase the new property to support their growth goals and maximize investment potential.
Solution
Led by Vice Presidents Jeff St. Thomas and Kevin O’Rourke, the McBride team identified and showed several locations that matched the size and location requirements outlined by the client, then helped the client narrow down and select the one that most precisely met their needs.
Results
Guided by the experts at McBride, the tech company purchased a property at 220 West Parkway, Pompton Plains. Per the client’s request, the new space fits their current needs and has room for expansion for future growth. With easy access to major highways, employees benefit from more convenient transportation to and from the office.
Clean-up Commercial Estate Success Story
Challenge
A client in Teaneck, NJ, was struggling to sell a building located on contaminated land. Not only were potential buyers leery of taking on the liability of a property that posed an environmental threat, but the banks were also simply unwilling to give a mortgage.
Solution
Out of answers, the client approached McBride’s Senior Vice Presidents Mike Brown and James McNerney. With vast experience dealing with sensitive issues in commercial real estate, McBride took on the assignment, aware that only a select group of buyers would show interest. With an established database of potential buyers, the McBride team created a strategic prospecting plan that targeted a specific segment of purchasers most likely to invest in a property with complexities like these.
Results
Backed by deep expertise and a targeted prospecting approach, the team identified a purchaser for the property and created a solution that would resolve the contamination issue and turn this into a commercial estate success story – the seller would agree to put money in escrow for the cleanup. The building closed in early February 2020.
Ringwood Commercial Estate Success Story
Challenge
A local Ringwood, NJ, building owner wanted to downsize his physical space. In a small town where commercial real estate transactions are few and far between, the client needed guidance from experts who could generate interest for the property, despite the area’s relatively inactive real estate market.
Solution
The client turned to McBride’s Vice Presidents, Jeff St. Thomas and Kevin O’Rourke, for help. Backed by their deep knowledge of the property, the market of potential buyers, and the town at large, the McBride team focused their attention to what they knew would be the most logical buyer pool – those that resided locally.
Results
After canvassing the area for prospective buyers, the McBride team identified one that was interested in growing their space locally. They were currently located on the same street, just 300 yards from the property for sale. The building closed in late January 2020.
Bergen Promise Commercial Estate Success Story
Challenge
Bergen’s Promise, a non-profit, community-based care management service organization for children, was experiencing rapid growth and needed additional physical space. They had already expanded in their current building in Rochelle Park, NJ, numerous times and were occupying nearly 15,000 square feet of space. With two years left on their lease, they needed to explore other options.
Solution
While still in their existing space in Rochelle Park for the time being, Bergen’s Promise initially set out to lease an 8,000 square foot facility. Over time, however, they realized they’d need twice that to meet their growing needs. McBride partnered with the client to secure a 16,000 square foot lease in Hackensack, NJ, and negotiated an agreement that would allow them to grow into the space as needed. When the Rochelle Park lease finally expired, Bergen’s Promise was then able to take an additional 16,000 square feet contiguous to their existing space in the Hackensack building.
Results
Additional square footage means the nonprofit, that supports children with serious behavioral health, substance abuse, and developmental issues, can continue its focus on growth and outreach without the physical limitation of their space holding them back. The continued option of expanding more as needed further supports this worthy goal and cements this commercial estate success story. Additionally, with operations now consolidated into one location, Bergen’s Promise benefits from greater efficiencies and lower overall rental costs.
Would you like to join our growing list of commercial estate success stories? Contact us today.
