September 13, 2018
FLORHAM Park, N.J. – Transwestern today announces it facilitated a 35,415-square-foot lease at 180 Park Ave. for USI Insurance LLC, one of the largest insurance brokerage and consulting firms in the world. Transwestern’s team, led by Partner James Postell, Managing Director Matt McDonough and Vice President Dan Ligorner, represented the landlord, Hudson Advisors.
“Florham Park continues to be one of the most desirable areas for office space, due to its access to nearby amenities including restaurants, hotels, shops, parks and golf courses,” said Postell. “USI Insurance’s relocation to Florham Park is a testament to the strength of this submarket, which we believe will continue to attract world-class companies.”
Situated adjacent to The Green at Florham Park, a 268-acre, master-planned campus, 180 Park Ave. is near the New York Jets Training Center, BASF’s North American headquarters, AVE Florham Park flexible-stay residential community, ARCHER Hotel, Summit Medical Group’s medical office building, and the Summit Medical Group MD Anderson Cancer Center. Plans are underway at The Green at Florham Park for the development of an active-adult residential community.
The campus is a nine-minute drive from downtown Morristown, offering tenants a large selection of popular dining, shopping and entertainment venues. Additionally, Florham Park provides convenient access to major highways including routes 24 and 10 and interstates 287, 78 and 80.
USI delivers property and casualty, employee benefits, personal risk, program and retirement solutions to large risk management clients, middle market companies, smaller firms and individuals. The company is comprised of more than 6,000 industry leading professionals across more than 150 offices worldwide. Managing Director Ben Brenner of Cushman Wakefield represented USI in the transaction.
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, Tenant Advisory, 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.