C&W Arranges HQ Lease Renewal for Spencer Savings Bank

ELMWOOD PARK—Spencer Savings Bank has renewed its headquarters lease for 40,000 sq. ft. at River Drive Center 3, 611 River Drive in Elmwood Park. The tenant, a 70-year-old savings bank with 19 branches in northern and central New Jersey, has been headquartered at the site since 2002 and has renewed for another 10-year term.

“We explored all of the options in the area,” said Harlan Hollander, who teamed with Walter Schoenberg and Peter Hamburger of Cushman & Wakefield’s East Rutherford, office; Maureen Kelly, Global-Consulting in the firm’s Midtown Manhattan office; and Eileen Carey, Client Solutions-East Rutherford to represent Spencer.

“Ultimately, because of geographic location, the ease of access, and the close proximity to the company’s clientele, it was determined that staying in place was the best option,” said Hollander.

611 River Drive is an 86,000-sq.-ft., four-story office building on four acres in western Bergen County. The class-A building was completed in 2001.

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.