September 18, 2014 Leave a comment
Joshua Burd | NJ Biz
Robert Cortright has built three technology firms in the past 15 years — all focused on the finance sector — and the key ingredients haven’t changed much in that time.
“The most important thing is getting talent,” he said. “And you’ve got to be somewhat close to New York City, especially when you run a financial services technology company.”
As Cortright has proven, you can do all that from New Jersey.
Like his first two businesses, his latest venture is based in and growing in the Garden State. The firm, DriveWealth LLC, recently leased nearly 8,000 square feet of office space in downtown Chatham after relocating from Morristown, a move fueled by the growth of its mobile investing platform and the doubling of its staff since 2012.
The deal is part of a robust, steady stream of leasing activity by tech firms in New Jersey this year. Experts say it’s one of the most active sectors in the state’s office market, driven by changing space needs and the growth of companies of all sizes within the industry.
Just ask Cassidy Turley, the brokerage firm that represented DriveWealth. William O’Keefe, one of the brokers in the deal, said his firm in recent months has “done transactions from as little as 1,300 square feet up to close to 100,000 square feet — and everywhere in between.” Read more