CBRE Group Inc., New Jersey’s largest commercial real estate brokerage firm, announced that it has arranged a lease for York Risk Services Group Inc. at Morris Corporate Center 2, part of the six-pod office campus located at 1 Upper Pond Road and 300 Interpace Parkway in Parsippany, N.J. York Risk Services has signed a 33,000-square-foot lease for a 10-year term at the property.
The CBRE team of Leo Paytas and Greg Barkan, senior vice presidents; Garrett Rioux, senior associate, and Erin Wenzler, client services specialist, lead marketing efforts and secured the lease on behalf of the property’s owner, an affiliate of Brookwood Financial Partners, LLC.
In addition, the CBRE team of Neil Kurtz, managing director; Helen Samuelson, director of asset services, and Ria Di Popolo, senior manager, oversee management of the office campus. York Risk Services was represented by Ben Onderdonk, associate director of portfolio account management, and George Grace, managing partner of Mohr Partners, Inc.
“York Risk Services is relocating its corporate headquarters to this Class A, state-of-the-art facility,” said Mr. Paytas.
“The move will not only facilitate the company’s growth, but also reflects its market-leading image. Morris Corporate Center is widely recognized in the market for its world-class office space and its top-of-the-line roster of amenities. The on-going capital improvements at the office park will reinforce its status as a great space for York’s employees and their customers.”
Brookwood is investing approximately $3 million in capital improvements to Morris Corporate Center 1&2, which it expects will be completed in mid-2015.
The improvements, led by the architectural firm Kimmerle Newman, include renovations to the two existing full-service cafeterias in Buildings 1 and 2; renovations to the existing fitness center in Building 1; the creation of a new conference center in Building 2; improvements to the signage at the property, and renovations to the lobby areas of Buildings 1 and 2.
The Morris Corporate Center 1&2 campus consists of 521,000 total sq. ft. and offers superb access and high visibility for corporate tenants.