Industrial Real Estate Management

Archive for January, 2017

Systems Maintenance Services, Inc. (“SMS”) renews their lease with Bonanno Real Estate Group at 475 S. Dean Street in Englewood

SMS Systems Maintenance Services, Inc. (“SMS”) has been a long-term tenant of Bonanno Real Estate Group. They moved into our building at 475 S. Dean Street in Englewood in October of 1993. They occupy 10,800 square feet of office/flex space. Their space is the largest rental unit in the 43,540 square foot building. They have just renewed their lease with Bonanno Real Estate Group for another five years. They were represented on the lease negotiation by Nick Savage of CBRE.

SMS Systems Maintenance Services, Inc. is headquartered in Charlotte, North Carolina, and have multiple offices covering the United States, as well as internationally. They are the world’s leading provider of IT support services, operating since 1981. SMS provides IT infrastructure services to a client base of more than 3,000 businesses. SMS has over 900 engineers on its staff and serves clients through more than 100 service centers globally, such as the service center located at our Englewood building. SMS offers the best possible direct support service to the customer through their field engineers and critical parts storage. Their service centers are well stocked with spare IT parts and testing facilities.

With its proximity to New York, the Englewood facility is a strategic location. It is stocked with mainframe computers and IT supplies. Their typical clients are large companies who do some of their critical IT and data storage on site. Despite the fact that many companies have migrated to cloud type storage and services, many businesses prefer to be able to control these functions in house. Those are the companies who rely on SMS. According to their website, in 2015, SMS recorded revenues of approximately USD 245 million.