Cushman & Wakefield Brokers Lease at Newly Renovated Class A Office Property
PARSIPPANY, N.J., Feb. 15, 2019 – Electronics industry giant Ricoh USA has leased 55,893 square feet at 2 Gatehall in Parsippany, announced Cushman & Wakefield. The new location will house back-office operations for the production print products, services and solutions firm.
Cushman & Wakefield’s William O’Keefe, Charles P. Parmelli, Curtis Foster, and Jerry Shifrin represented landlord Silverman Realty Group Inc., of White Plains, N.Y. in brokering the long-term lease. Drew W. Persson of Newmark Knight Frank served as broker for Ricoh USA, which will relocate to 2 Gatehall from West Caldwell, N.J.
A recently completed, multi-million-dollar renovation at the Class A office property was key in securing the Ricoh USA commitment, according to O’Keefe. “Silverman Realty Group orchestrated a comprehensive improvement program to elevate 2 Gatehall’s position as a go-to address,” he said. “This effort to attract high-end companies and build on an already impressive tenant roster is proving out.”
“The redesigned, three-story atrium lobby serves as a central common area and access point to 2 Gatehall’s offices and amenities and features a new skylight installation, an innovative, multi-purpose furniture plan and modern finishes,” stated Parmelli. This space is large enough to host town hall-style meetings and includes a technology package and workspaces, while also serving as a social gathering area with lounge-style seating and a fireplace. A new full-service café provides breakfast and lunch, offering hot and cold stations as well as catering options for meetings and events. The main dining area for the café is located off the central atrium with additional outdoor courtyard seating. Tenants also enjoy an espresso bar serving hot drinks and grab-and-go food options.
Other onsite amenities include a state-of-the-art fitness center with all-new training equipment and a private yoga studio, adjacent to new locker facilities. 2 Gatehall offers raised floors designed for convenient wiring and IT infrastructure, and houses a new 600kw three-phase generator available for tenant use. An enhanced security package includes a 24/7/365 manned desk, multiple cameras, keycard access at various entryways and a centralized control panel.
2 Gatehall is located in a market populated by numerous Fortune 500 companies and corporate headquarters operations. “This is the heart of Morris County’s business corridor,” O’Keefe noted. “Within it, 2 Gatehall sits at the intersection of Routes 10 and 202, just minutes away from I-287 and I-80, providing multiple access points from both main thoroughfares and congestion-free back roads. Nearby train and bus services, retail, restaurants and hotels – including an adjacent Residence Inn – add to its appeal.”
Cushman & Wakefield currently is marketing units from 10,000 to 118,000 square feet at 2 Gatehall.
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 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.