Direct Travel Inc., a travel management company specializing in corporate travel, has a 16,500-square-foot space at Gabrellian Associates’ Paramus Corporate Center in Paramus.
According to Cushman & Wakefield’s Jeffrey Prezant, the company is relocating its regional operations to the property on Route 17 south from Mahwah this summer.
Prezant serves at the exclusive leasing agent for the 115,000-square-foot center, the announcement said. Rich Madison, Rich Mirliss and Anthony Rinaldi from Colliers International represented the tenant in the transaction. Financial terms were not disclosed.
Direct Travel, according to the announcement, employs more than 430 travel professionals nationwide and has $803 million in combined air sales.
“Direct Travel’s aggressive growth strategy is capitalizing on a resurgence in the corporate travel industry,” Prezant said in a prepared statement. “In looking for a new home in Bergen County, the company had many choices. Its selection of Paramus Corporate center ties directly to Gabrellian Associates understanding the tenant’s needs and providing an attractive solution.”
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