Cushman & Wakefield and The Winter Organization Ink Office Leases
SOMERSET, N.J., August 23, 2018 – A new lease and tenant expansion reflect healthy demand at The Winter Organization’s 200 Cottontail Lane in Somerset. Cushman & Wakefield serves as exclusive leasing agent for the 208,000-square-foot, Class A office property.
Global communications company AudioCodes signed a long-term lease at 200 Cottontail Lane. A leading designer, developer and provider of advanced Voice over IP (VoIP) and converged VoIP and Data networking products and applications committed to 15,400 square feet. Additionally, Sunbird Software has renewed and expanded its Americas headquarters lease at the property. The data center infrastructure management (DCIM) specialist grew from 5,000 to 10,000 square feet.
The Winter Organization is a New York-based, vertically integrated real estate investment management and development company. Cushman & Wakefield’s Paul Giannone, Todd Elfand and Kevin Carton, based in Iselin, N.J., head the 200 Cottontail Lane leasing team. Todd Ward from CBRE’s Saddle Brook, N.J., office represented AudioCodes in that transaction.
200 Cottontail Lane consists of two adjoining buildings with a center courtyard; 14.5-acre, park-like setting; and onsite cafe. The property’s highly accessible location is just one-quarter mile from the I-287, four-way Exit 12 interchange. “The efficient design and well-managed, stable ownership at 200 Cottontail continue to attract new companies and retain existing tenants,” stated Giannone.
“200 Cottontail Lane is within minutes of the region’s vast array of retail, hospitality and lifestyle amenities,” Elfand added. “We currently are marketing additional space, with units from 2,500 to 100,000 square feet available to accommodate future tenants’ needs.”
The Winter Organization has built a reputation as a first-class owner, operator and developer over its more than 100-year history. With an unparalleled focus on serving its tenants, Winter brings an artisan’s approach to preserving the architectural integrity and historical context of its projects while incorporating modern technology and service to create the next generation of inspirational work environments.
“I am pleased to welcome AudioCodes and continue the relationship with Sunbird, who share 200 Cottontail Lane with such notable existing tenants as leading insurance company Liberty Mutual; the NCAA Division I Northeast Conference; and Parsons Technology,” Benjamin Winter commented.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value by putting ideas into action for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with 48,000 employees in approximately 400 offices and 70 countries. In 2017, the firm had revenue of $6.9 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.