Facebook Twitter LinkedIn Google Plus RSS

161K sq. ft. of leases closed in 2017 at Morris Corporate Center, C&W says

By ,
Morris Corporate Center.
Morris Corporate Center. - ()

Brokerage Cushman & Wakefield recently announced it closed several leases at the Morris Corporate Center 1 and 2 in Parsippany.

The brokerage team led by William O’Keefe, Charles Parmelli and Jackie Madden orchestrated the new leases and renewals.

The transactions include:

  • Wallenius Wilhelmsen Logistics’ commitment to 42,993 square feet;
  • Kia Motors lease for 9,783 square feet;
  • American Medical Association’s lease for 5,016 square feet;
  • Deerfield Management’s lease for 4,481 square feet;
  • Inttra Inc., Generali expanded and extended its lease for 7,190 square feet;
  • ExecuSearch expanded and extended its lease for 4,506 square feet.

Brokwood Financial Partners appointed Cushman & Wakefield to market the property in mid-2016. The property consists of 529,000 square feet at 300 Interpace Parkway and 1 Upper Pond Road.

“Morris Corporate Center 1 & 2 has always attracted strong tenant interest, thanks to its outstanding location, on-site amenities package and quality accommodations,” O’Keefe said. “However, 2017 has proven to be a particularly busy year. This can be credited to the ownership’s completion of a $3 million capital improvement program that has brought the campus to an exceptional standard, and aggressive marketing campaign that has created significant buzz for the asset.

The Morris Corporate Center I and II are located proximal to Interstate 80 and 297, and US Routes 46 and 202. 

More From This Industry

Mario Marroquin

Mario Marroquin

Mario Marroquin covers real estate. A native of El Salvador, Mario is bilingual in English and Spanish. He graduated from Penn State University and worked in Pennsylvania before moving to New Jersey. His email is mariom@njbiz.com.

Leave a Comment


Please note: All comments will be reviewed and may take up to 24 hours to appear on the site.

Post Comment
View Comment Policy