Local United Way Chapter Secures New Lease

Editor's Note: The following is a news release issued by the united Way of Greater Mercer County.

Newmark Knight Frank announced a new 11.5-year, 9,000-square-foot lease at Crossroads Corporate Center, 3150 Brunswick Pike (Route 1) in Lawrence Township, with United Way of Greater Mercer County. The deal combined both imagination and generosity and will enable UWGMC to better serve the residents of Mercer County.

UWGMC relocated its offices to Crossroads Corporate Center, owned by Gilbane. To make the transaction work for both sides, Gilbane structured the lease to include a front-loaded reduced rent period so that UWGMC could move out of its existing space early. This approach allows UWGMC to focus on what it does best: Support the community.

The idea was proposed by Newmark Knight Frank Managing Principal Thomas Romano, who represented both parties in the transaction along with Associate John Calvo. “I thought of only two landlords who would entertain a deal like this. As it turned out, United Way is Gilbane’s preferred charity, so it was a perfect fit,” Romano said.

“Not only do we gain a stellar tenant from this transaction, but we are also able to give back to the local community that has supported our property,” said Robert Gagliardi from Gilbane  “What a win-win scenario.”

“As a non-profit serving the Mercer County community, we place a premium on business relationships that enhance both the donor’s and our ability to deliver on our missions,” said Herbert Klein III, president and CEO of United Way of Greater Mercer County. “Gilbane, with its innovative offer, demonstrated the desire to support the community by structuring a lease that met both our needs. Both Gilbane’s and Newmark Knight Frank’s willingness to work with us made this deal possible.”