New Hilton Dual-Branded Hotel Coming to Glenpointe

THE OFFICIAL ALFRED SANZARI ENTERPRISES NEWSLETTER
SUMMER 2015
New Hilton Dual-Branded Hotel Coming to Glenpointe
Alfred Sanzari Enterprises
has announced plans
to develop a 350-room
dual-branded hotel at
Glenpointe in Teaneck.
The hotel will feature
the Hampton Inn &
Suites and Homewood
Suites by Hilton brands,
Hilton Worldwide’s selectservice and residentialstyle hospitality products.
costs for owners and
developers.
Widely considered one
of the finest mixed-use
communities in New Jersey,
Glenpointe is a regional
hub and home to a broad
range of local, national and
international companies.
The landmark 50-acre
complex encompasses
Glenpointe Centre West,
The new hotel property is
Glenpointe Centre East and
planned for construction
The Atrium at Glenpointe
near the corner of
office buildings; the
Glenwood Avenue and
350-room Marriott at
A rendering of the new dual-branded hotel at Glenpointe in Teaneck
the off ramp of I-95,
Glenpointe hotel; and
directly across from
the 26,000-square-foot
the 350-room Marriott at Glenpointe. The hotel is expected to
Glenpointe Spa & Fitness. Amenities include a full-service bank,
bring more than 6,000 guests per month to the area and provide
cafeteria, restaurant, wine bar, lounge, covered parking, on-site
permanent hospitality-related jobs for about 85 people.
management, 24/7 security and a variety of services.
“We are excited to bring this unique new hotel product to
Glenpointe,” said David Sanzari, Alfred Sanzari Enterprises’
President and CEO. “The Hampton Inn & Suites and Homewood
Suites by Hilton brands offer business and leisure travelers
high-quality services and amenities at a value-conscious price
point. We are confident this hotel will be a wonderful asset to
the community while strengthening Glenpointe’s position in the
marketplace for many years to come.”
The 13-story hotel will include 190 Hampton Inn & Suites rooms
and 160 Homewood Suites by Hilton units. The Hampton Inn &
Suites serves value-conscious and quality-driven travelers, while
Homewood Suites by Hilton offers guests comfortable, homelike accommodations when traveling for an extended stay. Both
brands will share the same entrance, meeting room, function
space, fitness center and parking garage. Guests at both brands
also will enjoy complimentary breakfast and free WiFi access.
A growing trend within the hospitality industry, the dual-branded
hotel concept – which typically pairs a short-stay hotel with an
extended-stay counterpart – is becoming increasingly popular in
major metropolitan markets throughout the United States. Among
the most appealing aspects of the “two brand, one-building”
approach is the ability to maximize resources while minimizing
Message from David Sanzari
Over the last seven decades Alfred Sanzari Enterprises has built
a diverse portfolio of successful real estate properties. It seems
only fitting that we mark our landmark 70th anniversary year
by announcing plans to further expand our portfolio with the
development of a new dual-branded hotel at Glenpointe. This
incredible hospitality property represents a new chapter in our
company’s history and we couldn’t be more excited.
There’s even more news to share in this issue of News & Notes.
Our commercial portfolio always is a hub of activity, and
recent months have seen a significant number of new leases
and renewals, a sampling of which can be found in Comings &
Growings. You’ll also read about a key addition to our senior
management team, and learn more about a wonderful award
our company received from the Hackensack Upper Main
Alliance.
As always, we welcome your comments and feedback.
Sincerely,
David Sanzari, President/CEO
Marriott at Glenpointe Ranked Tops in Event Satisfaction Survey
“We are thrilled and most grateful for all of our wonderful
meeting and event planners who provided us with this
recognition,” said Keith Shopnick, General Manager. “The
Marriott at Glenpointe has a very passionate, creative and
dedicated team that consistently anticipates the needs of our
guests, and delivers top-notch service. Our team – from the
sales and culinary hosts to event operations – is committed
to making sure every client and attendee remembers the
brilliant experience they had with us. We strive to be the best,
and collectively, do whatever it takes to make that happen.”
The Marriott at Glenpointe
The Marriott at Glenpointe recently was ranked among the top
2 percent out of 358 Marriott hotels nationwide in the brand’s
year-to-date Event Satisfaction Survey (ESS), achieving an
overall score of 87.1 percent. The 350-room hotel and conference
center is part of the mixed-use Glenpointe complex in Teaneck.
The ESS program collects feedback from event planners and
meeting organizers who conduct events throughout Marriott’s
hotel portfolio. Properties are scored in several categories such
as sales, planning, event service, facilities, food and beverage,
and overall billing. A high ESS ranking reflects consistency
in outstanding customer satisfaction for events held at a
Marriott hotel.
PROPERTY LISTINGS
The full-service Marriott at Glenpointe is ideal for getaways,
business meetings and social events. The hotel features
Pancetta Regional Kitchen & Wine Bar, as well as an on-site
sales and events team to plan and execute flawless meetings
and events. A multimillion-dollar renovation recently
transformed the hotel’s lobby, ballrooms, restaurants and
26,500 square feet of meeting space, while a multimilliondollar refurbishment to the hotel’s guest rooms is scheduled
to commence later this year. In addition, the Marriott at
Glenpointe soon will introduce the new Marriott “M Club”
Lounge for Marriott Gold and Platinum Elite Rewards
members to enjoy.
The Marriott at Glenpointe is managed by Merrillville, Ind.based White Lodging.
Alfred Sanzari Enterprises owns and manages a wide array of residential, commercial,
industrial and mixed-use real estate projects. Following are two featured properties:
The Ivanhoe
130 Overlook Ave., Hackensack
The Ivanhoe in Hackensack offers spacious studio, junior one-bedroom, and one- and
two-bedroom apartments ranging from 450 to 1,230 square feet. Apartments are
appointed with decorator-designed kitchens and bathrooms, granite countertops,
individually controlled HVAC and large closets. There are balconies and laundry
facilities on every floor. On-site amenities include a fitness center with state-of-theart equipment, an Olympic-sized outdoor pool, a sauna, secure card access to the
building and underground parking lot, 24-hour concierge service and a business/
multipurpose room. A new backup generator provides power to the building’s
elevators, common areas and life safety systems, and allows key card access in the
event of future power outages.
Heights Plaza
777 Terrace Ave., Hasbrouck Heights
Heights Plaza features 200,000 square feet of office space on six floors. It is located
at the intersection of I-80, Route 17 and Route 46, just 10 minutes away from the
George Washington Bridge, and in proximity to the New Jersey Turnpike and Garden
State Parkway. Amenities include abundant covered parking, an on-site cafeteria,
a security/concierge center, and Manhattan skyline views. Heights Plaza is located
across from the Hilton Hasbrouck Heights hotel and within two miles of Teterboro
Airport. The building has received major capital improvements in recent years,
including aesthetic upgrades to common areas, complete bathroom renovations,
refurbishments to the parking garage and elevators, and the installation of a new
roof and rooftop HVAC units. Current space availabilities at Heights Plaza range
from 2,500 square feet to 21,500 square feet.
– 2 –
Comings and Growings
When a new tenant moves to one of our properties or an existing
tenant expands their space, the Alfred Sanzari Enterprises team
earns another opportunity to demonstrate its commitment
to creating the best commercial and residential portfolio in
Northern New Jersey. Highlights of tenants who have recently
joined or expanded follows:
Glenpointe: Business management consultant I.F.P.A. Inc. renewed its
1,200-square-foot lease at The Atrium at Glenpointe.
Court Plaza
Majestery LLC renewed its 950-square-foot lease at The Atrium
at Glenpointe.
Heights Plaza:
The law office of Marc D. Freedman LLC
3,500-square-foot lease.
Advance Mortgage Corporation has renewed its 1,450-squarefoot lease at Glenpointe Centre East.
renewed its
Court Plaza:
Cardiovascular Consultants of North Jersey renewed its lease
and expanded to 4,200 square feet.
Winne, Banta, Basralian & Kahn P.C. renewed and expanded to
17,500 square feet of space at Court Plaza South.
Summit Plaza:
Health and wellness products retailer GNC renewed its lease for
1,200 square feet.
Kaufman Dolowich & Voluck LLP renewed its lease for 7,500
square feet at Court Plaza South.
Meadowlands Industrial Portfolio:
Law firm Cowen & Jacobs renewed its 1,245-square-foot lease at
Court Plaza South.
Wallcovering manufacturer J. Josephson Inc. renewed its lease
for 136,000 square feet.
Lawrence B. Diener Esq. renewed his 1,730-square-foot lease at
Court Plaza North.
See more at www.sanzari.com/press
Attorneys Gerald S. Rotunda, Paul L. Potenza and Joseph P.
Castiglia leased 1,350 square feet at Court Plaza South.
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SteelCore Capital Management LLC leased 680 square feet as
part of the small space program at Court Plaza South.
The Reinartz Law Firm LLC renewed its lease for 525 square feet
at Court Plaza South.
Employee Spotlight:
Jeffrey M. Jacobson Joins Alfred Sanzari Enterprises as CFO
Alfred Sanzari Enterprises has announced that Jeffrey
M. Jacobson has joined the company as chief financial
officer (CFO). Jacobson comes to Alfred Sanzari
Enterprises with 30 years of strategic experience in
the financial management, accounting, auditing and
operational aspects of real estate companies.
In his new role at Alfred Sanzari Enterprises,
Jacobson will direct the execution of the company’s
business plan and strategy, help to expand the firm’s
real estate holdings, and oversee all finance and
accounting functions.
managing director and CFO of Peter Cooper Village/
Stuyvesant Town, a 11,230-unit, 110-building
multifamily and mixed-use complex in New York,
N.Y. He also spent several years as owner and
managing partner of Mast Realty Company in
Purchase, N.Y. and was director of finance and
operations for Fawn Associates/Mill Management
Inc. in Greenwich, Conn.
A certified public accountant, Jacobson earned
his bachelor’s degree in economics and business
administration from Vanderbilt University. He is a
licensed real estate broker in the State of New York.
Jeffrey M. Jacobson
“I am honored to join Alfred Sanzari Enterprises as its new CFO,”
said Jacobson. “Alfred Sanzari Enterprises is a dynamic and teamoriented organization that is well-respected throughout the real
estate industry. I look forward to a long and prosperous future
here, and for the opportunity to contribute to the company’s
continued success.”
Prior to joining Alfred Sanzari Enterprises, Jacobson was
– 3 –
“We are thrilled to welcome Jeff as a key member of our
senior management team,” said David Sanzari, Alfred Sanzari
Enterprises’ President and CEO. “As we continue to expand our
real estate portfolio, we are confident the depth and breadth of
his experience will position Alfred Sanzari Enterprises for future
growth and strengthen our financial operations.”
To learn more about leasing opportunities at
Alfred Sanzari Enterprises’ properties, following are key leasing contacts:
Residential Leasing:
Commercial Leasing: Office, Industrial and Retail
Glenpointe
Richard Baumstein of Cushman
& Wakefield
(201) 460-3366 or via e-mail at
richard.baumstein@cushwake.com
Summit Plaza
Stephanie Greco of The Greco
Realty Group (201) 567-0477
or via e-mail at
stephanie@thegrecorealtygroup.com
Norwood Industrial Portfolio
Andrew Somple of NAI James E. Hanson
(201) 478-7396 or via e-mail at
asomple@naihanson.com
For all other commercial properties,
contact Jerry L. Barta at (201) 968-4811
or via e-mail at jerrybarta@sanzari.com,
or Stephen C. Jennings at
(201) 968-4819 or via e-mail at
stephenjennings@sanzari.com.
Please contact Shadrina Lockhart
at (201) 741-2333 or via e-mail at
shadrinalockhart@sanzari.com.
Prospective renters also can visit
www.sanzari.com to view property
photos and download rental applications.
Visit us online www.sanzari.com
Court Plaza North
25 Main St., Suite 600,
Hackensack, NJ 07601
(201) 342-2777
Alfred Sanzari Enterprises
Hosts Broker Event
Alfred Sanzari Enterprises Receives
‘Main Street Community Builder Award’
Alfred Sanzari Enterprises recently was presented with the
Hackensack Upper Main Alliance’s (UMA) “Main Street Community
Builder Award.” The award was presented during the 6th Annual
Main Street Business Expo, which once again took place on the patio
of the Court Plaza North office building.
Attending the award presentation from Alfred Sanzari Enterprises
were (from left) Judy Parker, Administrative Assistant; Jerry L.
Barta, Vice-President/Director of Leasing and Marketing; Victoria
Tinen, Residential Property Manager; Ryan Sanzari, Director of
Operations; Jeffrey Jacobson, CFO; David Sanzari, President and
CEO; and Joseph Young, Commercial/Industrial Property Manager.
Now in its second year, the Main Street Community Builder Award
recognizes businesses and individuals that have been instrumental
to Hackensack’s downtown revitalization. Earlier this year, Alfred
Sanzari Enterprises made the inaugural donation to the Hackensack
Main Street Redevelopment Fund, a new program that allows
Hackensack developers, business leaders and residents to support
the UMA’s ongoing efforts to transform the City’s downtown into a
vibrant live-work-play environment.
“As a company with deep roots in Hackensack, Alfred Sanzari
Enterprises is committed to the City’s future,” said Ryan Sanzari.
“We are extremely honored to be recognized as a recipient of this
year’s Main Street Community Builder Award, and look forward to
being an active community partner in Hackensack’s transformation
for many years to come.”
Alfred Sanzari Enterprises recently welcomed
50 commercial real estate brokers to a broker
appreciation event aboard the luxury yacht, The
Lexington. Alfred Sanzari Enterprises’ employees
and guests (pictured) boarded The Lexington at
Liberty Landing Marina in Jersey City for a fourhour cocktail party and casino cruise around
New York City. The evening was enhanced by
magnificent views of the Manhattan skyline,
Statue of Liberty, and spectacular weather.
Prizes at the broker event included a one-night
stay at the Marriott at Glenpointe hotel with a
three-course dinner for two at Pancetta Regional
Kitchen & Wine Bar, awarded to Dennis Gralla of
Cresa NJ North/Central; two iPad minis, awarded
to Mark Zaziski and Slava Vaynberg, both of
Cushman & Wakefield; and American Express
gift cards won by Christian Politan of Cushman &
Wakefield and Robert Norton of CB Richard Ellis.
New Residential Leasing
Agent Named
Shadrina C. Lockhart has joined Alfred Sanzari
Enterprises as Residential Leasing Agent. In her new
role, Lockhart will oversee all leasing activities for the
company’s residential property portfolio. Prior to joining
Alfred Sanzari Enterprises, Lockhart was a leasing
specialist at Continental Properties in Edison. She
earned her bachelor’s degree in business administration
from William Paterson University and is a licensed New
Jersey real estate agent.