Samsung SDS America, a software solutions provider and subsidiary of global software provider Samsung SDS, has signed a 10-year lease extension for approximately 48,000 square feet at 100 Challenger Road in the Overpeck Corporate Center in Ridgefield Park, the KABR Group announced this week.
The long-term lease extension keeps Samsung SDA’s headquarters in Ridgefield Park through 2031 — and reaffirms Samsung’s commitment to Ridgefield Park, which serves as home to several world class corporations, including Samsung Electronics America.
The 100 Challenger property is an eight-story, 145,000-square-foot commercial office building located minutes from Manhattan. KABR recently upgraded the facility with a $4 million capital improvement program. KABR’s renovation scope included adding a new café, a fully equipped fitness center with locker rooms and Peloton bicycles, a remodeled main lobby and newly resurfaced parking areas, which include charging stations for electric cars. Also available are Ride Share bikes for use in the adjacent Overpeck County Park.
KABR Group Managing Member Adam Altman said KABR was pleased that Samsung decided to renew the lease.
“We view this long-term commitment as proof positive that our capital investment program in 100 Challenger has been well received by the market,” he said. “We remain committed to providing a Class A tenant experience for innovative 21st century technology companies like Samsung SDS and its employees.”
The 100 Challenger property is located off Exit 68 of the New Jersey Turnpike, which serves as the entrance to Overpeck Corporate Center, a commercial development containing approximately 1 million square feet of office space, a Hilton Garden Inn Hotel, an AMC Movie theater and three additional mixed-use development sites.
Challenger Road is adjacent to the 800-acre Overpeck County Park, which received a multimillion-dollar renovation including tennis & basketball courts, horseback riding, ball fields, boat launch, walking and riding paths. New Jersey Transit also plans to extend the Hudson-Bergen light-rail system through this part of Bergen County — with planned stations in nearby Ridgefield, Palisades Park and Leonia.
Dan Lessing, principal at DSR Group LLC, represented KABR Group and Paul March, managing director at Newmark, represented Samsung SDSA.
