216 Route 17
Constructed in 1982, 216 Route 17 is a 100,000-square-foot office building purchased by an existing joint venture partner through a foreclosure sale. Prior to taking title to the property, the partner hired Accordia as the asset and property manager to reposition the building. Accordia put together an all-encompassing business plan which included marketing strategies and major renovations to the structure and building systems. Accordia acted as construction manager for the renovations which included a new roof, new HVAC system and gut renovation to the office floors and lavatories. In addition, Accordia spearheaded leasing and marketing efforts, and ran property operations on a daily basis.
The result was a sale to a user group located on an adjacent property.