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Cushman & Wakefield Completes 61,642-Square-Foot Office Lease

| April 18, 2016 | 0 Comments

400 Crossing

Cushman & Wakefield of New Jersey, Inc.
One Meadowlands Plaza
East Rutherford, New Jersey 07073

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Media Contact: Evelyn Weiss Francisco: evelyn@caryl.com / (201) 796-7788 / www.twitter.com/carylcomm

BRIDGEWATER, N.J., Apr. 19, 2016 – Commercial real estate services firm Cushman & Wakefield has completed a 61,642-square-foot, 13-year office lease on behalf of the law firm of Norris McLaughlin & Marcus at 400 Crossing Boulevard in Bridgewater. The East Rutherford-based Cushman & Wakefield team of Robert Rudin, Vice Chairman-Director of Consulting; Marc Trevisan, Executive Vice President; and David DeMatteis, Director, represented the tenant.

The property, owned by Piedmont Office Realty Trust, was represented in the transaction by Bill McCaffrey of Avison Young. Piedmont acquired the property in 2006 and had previously acquired the adjacent 200 Crossing Boulevard in 2003.

“With this lease, Norris McLaughlin has relocated from a nearby site,” said DeMatteis. “The firm wanted to be closer to the Bridgewater Commons Mall and other amenities, and in a better-class building. We looked at a number of buildings, but the firm also wanted to stay in the immediate area because that’s its home market.”

“This was a unique deal,” said Rudin.“We were able to identify a high-end pharmaceutical executive office build-out with a lease expiration several years in the future and co-terminus with the Norris lease for their one-and-a-half-floor occupancy.”

“Due to the quality of the development as well as the recent upgrades made by Piedmont at Bridgewater Crossings, it is widely regarded as one of the best office complexes in the state,” said DeMatteis.

“We would like to thank the Cushman & Wakefield team for their partnership in this important transaction, and Norris McLaughlin for selecting our building,” said Brent Smith, Piedmont’s Executive Vice President for the New York Region.

“We look forward to relocating to our new New Jersey offices in January 2017,” said Matthew R. Sorrentino, chairman of Norris, McLaughlin & Marcus. “This new state-of-the-art space will give us ample room for growth well into the future and allow us to be well positioned to efficiently serve our clients in the ever-changing modern practice of law. While only a couple of miles away from our existing office, the new location will be more convenient for our clients and employees.”

Located in Central New Jersey’s Somerset County, 400 Crossing Boulevard is an eight-story, approximately 300,000-square-foot trophy-quality office building. Constructed in 2002, it is situated just off I-287, with close proximity to U.S. Route 22 and other highways, and adjoins a hotel and Bridgewater Commons Mall. On-site amenities include a high-end, full-service cafeteria, a workout facility, a conference center, and covered parking.

“This is a very strong office market,” said Trevisan. “The Norris McLaughlin & Marcus lease, combined with such other recent transactions completed by our team as Brother International’s headquarters at 200 Crossing Boulevard, are clear indications that Bridgewater is one of the hotter spots in the state right now.”

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About Cushman & Wakefield

Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop and live. The firm’s 43,000 employees in more than 60 countries provide deep local and global insights that create significant value for occupiers and investors around the world. Cushman & Wakefield is among the largest commercial real estate services firms with revenues of $5 billion across core services of agency leasing, asset services, capital markets, facility services (branded C&W Services), global occupier services, investment & asset management (branded DTZ Investors), project & development services, tenant representation and valuation & advisory. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.

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Category: Cushman & Wakefield of New Jersey, News Releases, Newswire: Latest News

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