NEW YORK--(BUSINESS WIRE)--
ASTOne™ announced today that it has signed a lease agreement to open a new office at 55 Challenger Road in Ridgefield Park, N.J. The new office is located in Overpeck Corporate Centre, which is home to several world-class corporations and conveniently located just minutes away from New York City.
“ASTOne’s expansion into this new office demonstrates our commitment to this business,” said Mark C. Healy, President and Chief Executive Officer (CEO) of American Stock Transfer & Trust Company, LLC (AST). “As our sophisticated product offering continues to mature and develop, the ASTOne team looks forward to providing service to our esteemed clients in this new facility.”
“KABR and our partner Kushner are delighted and look forward to AST moving in and enjoying the building’s new amenities,” said Laurence Rappaport, CEO of KABR Group, the real estate company that owns the property. “Our value-oriented approach of acquiring properties and successfully repositioning to the needs of today’s discerning customer provides the perfect win-win for KABR, Kushner and AST.”
The 45,000-square feet office offers a myriad of amenities, including a new lobby, cafeteria and gym for employees to enjoy. Serviced by all major communication providers, the office space is just minutes away from Newark International Airport and is also easily accessible by public transportation.
“The new office space is the next logical step in the evolution of ASTOne,” said Paul Torre, Executive Vice President of ASTOne. “The facility will provide greater capacity for integrated job flow and contact center volumes, expanding our ability to deliver quality service to clients.”
Jared Kushner, CEO of Kushner Companies said, “The updated amenities and great location of 55 Challenger makes the building a perfect fit for AST. Kushner Companies and KABR look forward to welcoming AST into the space.”
AST and its affiliates in the Link Group network are leading providers of registry services and technology to financial market participants around the globe. AST and its affiliate, CST Trust Company, LLC (CST), form the North American division of the Link Group. Together AST and CST provide comprehensive stock transfer and employee plan services to more than 8,000 public issues and over 5.5 million shareholders. The division serves clients located throughout North America and in over 22 foreign countries, ranging in size from initial public offerings to Fortune 100 companies.
ASTOne™ integrates the expertise of AST Fund Solutions, AST Phoenix Advisors and AST Ownership Intelligence through a comprehensive proxy solicitation, investor relations and corporate governance consulting service offering. AST is the only transfer agent providing issuers with these integrated services at an operational level.
KABR Real Estate Investment Partners, LLC, founded in 2009, is dedicated to the timely and opportunistic purchase of select real estate assets throughout the East Coast. KABR, led by a team of experienced real estate professionals and proven entrepreneurs, currently owns and operates a diverse portfolio of properties in several states that have exhibited stellar returns. KABR’s detailed and value-oriented management team aims to financially re-leverage the appreciated properties and reinvest the cash flow to acquire additional assets.
About Kushner Companies
Kushner Companies is a diversified real estate organization headquartered in New York City. It is responsible for the ownership, management, development, and redevelopment of numerous properties. Its national reach consists of more than 20,000 multifamily apartments, as well as 10 million square feet of office, industrial and retail space throughout New York, New Jersey, Pennsylvania, Maryland, Ohio and Illinois.
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