{"id":1004421094,"date":"2020-04-21T08:01:17","date_gmt":"2020-04-21T16:01:17","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004421094"},"modified":"2020-04-21T08:01:17","modified_gmt":"2020-04-21T16:01:17","slug":"capstone-welcomes-tenant-at-northern-nj-property","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/capstone-welcomes-tenant-at-northern-nj-property\/","title":{"rendered":"Capstone Welcomes Tenant at Northern NJ Property"},"content":{"rendered":"<div id=\"attachment_1004421364\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/135-Chestnut-Ridge-Road.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004421364\" data-attachment-id=\"1004421364\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/capstone-welcomes-tenant-at-northern-nj-property\/135-chestnut-ridge-road\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/135-Chestnut-Ridge-Road.jpg\" data-orig-size=\"640,512\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"135 Chestnut Ridge Road\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;135 Chestnut Ridge Road&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/135-Chestnut-Ridge-Road.jpg?w=640\" class=\"wp-image-1004421364 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/135-Chestnut-Ridge-Road.jpg\" alt=\"\" width=\"300\" height=\"240\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/135-Chestnut-Ridge-Road.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/135-Chestnut-Ridge-Road.jpg?resize=300,240 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004421364\" class=\"wp-caption-text\">135 Chestnut Ridge Road<\/p><\/div>\n<p>Digital solutions provider Next Millennium Media has relocated its headquarters to 135 Chestnut Ridge Road, a 65,000-square-foot office building in Montvale, N.J. The firm is retaining its Manhattan office at One World Trade Center as a satellite location.<\/p>\n<p>The property in Montvale, a borough of Northern New Jersey&#8217;s Bergen County, was built in 1981. Capstone Realty Group acquired the building for $6.4 million in 2017, according to Yardi Matrix data. The Class B, three-story property sits on a 7-acre site and houses tenants across a range of industries, including software company Sulzer US.<\/p>\n<p>Matrix data shows that the building received cosmetic renovations in 2014. With a parking ratio of 4&nbsp;spaces per 1,000 square feet, 135 Chestnut Ridge&nbsp;is located just off Garden State Parkway. Retail and dining options in the surrounding area include the Grand Ridge Corner shopping center a short walk to the south.<\/p>\n<p>Next Millennium Media, which serves web publishers and brand advertisers, said in a statement that the additional space would enable many new hires in the near future. The company&#8217;s new landlord, Capstone, <a href=\"https:\/\/www.commercialsearch.com\/news\/lionstone-capitals-123m-record-breaking-acquisition\/\">partnered with&nbsp;JD Cos.<\/a> to sell an office complex in&nbsp;Hackensack, N.J. in January. Lionstone Capital purchased the asset for $123 million.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Next Millennium Media has relocated its headquarters to a 65,000-square-foot office building.<\/p>\n","protected":false},"author":868,"featured_media":1004421364,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21743,1600,21742,10,21747],"tags":[48374],"class_list":["post-1004421094","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-deals","category-new-york","category-latest","category-northeast","category-office","tag-capstone-realty-group"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Capstone Welcomes Tenant at Northern NJ Property - 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