October 09, 2018
Florham Park, N.J. – Transwestern today announces it is relocating its New Jersey operations to 180 Park Ave. in Florham Park, where it will occupy 7,211 square feet on the first floor of the property. The company, which has maintained a strong presence in Morris County since opening its first New Jersey office in Parsippany in 2011, will expand its office footprint by approximately 1,000 square feet.
The property is part of a 370,000-square-foot, two-building office complex that is currently undergoing a comprehensive repositioning campaign. Transwestern Partner and City Leader James Postell, Managing Director Matt McDonough and Vice President Dan Ligorner provide leasing services for the complex and are overseeing the redesign that will stimulate collaboration and innovation through service-based amenities aimed at improving employee engagement and well-being. Transwestern also oversees the property management for the complex.
“As we continue to expand our presence in New Jersey, we saw this as the perfect time to establish long-term roots in Florham Park, which has become one of the state’s most coveted regional hubs for top-quality, amenity-rich office space,” said Postell. “We look forward to calling 180 Park Ave. home and see this as an excellent opportunity to further attract the best and brightest talent in New Jersey’s hypercompetitive commercial real estate market.”
Situated adjacent to The Green at Florham Park, a 268-acre, master-planned campus, 180 Park Ave. is near restaurants, the New York Jets’ headquarters, BASF’s North American Headquarters, the AVE Florham Park flexible-stay residential community, and Summit Medical Group’s latest and most advanced facility for comprehensive health services. Plans are underway at The Green at Florham Park for the development of additional office space, an active-adult residential community, and an ARCHER Hotel.
The campus is proximate to parks and golf courses and is a nine-minute drive from downtown Morristown, where tenants can enjoy a selection of popular restaurants, shops and entertainment options. Additionally, Florham Park provides convenient access to major highways, including Routes 24 and 10 and Interstates 287, 78, and 80.
This past summer, Transwestern facilitated a 35,415-square-foot lease at 180 Park Ave. on behalf of the landlord, Hudson Advisors, with USI Insurance LLC, one of the largest insurance brokerage and consulting firms in the world.
Transwestern is a privately held real estate firm of collaborative entrepreneurs who deliver a higher level of personalized service – the Transwestern Experience. Specializing in Agency Leasing, Occupier Solutions, Capital Markets, Asset Services and Research, our fully integrated global enterprise adds value for investors, owners and occupiers of all commercial property types. We leverage market insights and operational expertise from members of the Transwestern family of companies specializing in development, real estate investment management and research. Based in Houston, Transwestern has 35 U.S. offices and assists clients through more than 211 offices in 36 countries as part of a strategic alliance with BNP Paribas Real Estate. Experience Extraordinary at transwestern.com and @Transwestern.
Amanda Ferraro, Beckerman