Remaining 113,194 SF Available at Class A Office Building Offering Upgraded Infrastructure, Above-Market Parking Ratio, Modern Amenities
FLORHAM PARK, N.J., June 27, 2019 – A multinational professional services and information technology company has subleased 26,556 square feet at 12 Vreeland Road in Florham Park, announced Cushman & Wakefield. The growing technology company, which faced capacity restraints at its current space, will expand into the new location.
The Cushman & Wakefield team of William O’Keefe, Charles P. Parmelli and Kelsey Nakamura represented the sublandlord, Gerber Products Company (Nestlé), in brokering the transaction. The KRE Group is the landlord of the well-maintained, 139,750-square-foot, Class A office property, which was recently renovated.
The tenant was attracted to the opportunity to sublease space from a quality sublandlord and landlord, with the infrastructure in place to operate its business. “The building’s existing infrastructure and configuration complement the tech-oriented nature of the work they do,” said O’Keefe. “A dedicated employee entrance, an above-market parking ratio of 4.4/1,000 square feet, back-up power and first-floor adjacency to the loading dock were all key considerations.”
The space came fully furnished, which allowed the tenant to be fully operational almost immediately. Employee amenities include an on-site cafeteria, ample collaborative areas, and access to commuter bus and rail lines, and the property is next door to Lifetime Fitness.
Cushman & Wakefield continues to market the remaining 113,194 square feet at 12 Vreeland Road on behalf of Nestlé. “Space availabilities for sublease include 29,974 square feet on the first floor and the entire 83,220-square-foot second floor, each with dedicated entrances and multiple branding opportunities,” noted O’Keefe.
Located in close proximity to downtown Florham Park as well as Livingston, the property is convenient to major roadways, including Route 24, Route 10, I-287 and I-80, minutes from the Morristown Airport and 20 miles from Newark Liberty Airport.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 51,000 employees in 400 offices and 70 countries. In 2018, the firm had revenue of $8.2 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.