Normandy Real Estate Taps Transwestern to Lease 352,000 SF Park Place Complex in Florham Park, NJ

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Jul 30, 2014, 07:00 ET

FLORHAM PARK, N.J., July 30, 2014 /PRNewswire/ -- Transwestern today announces it has been selected as the exclusive leasing agent for Park Place in Florham Park, New Jersey. The 30-acre, premier corporate office complex consists of four buildings totaling 351,995 square feet. Transwestern Principal James Postell, Managing Director Matt McDonough and Vice President Daniel Ligorner will lease the property on behalf of the owner, Normandy Real Estate Partners, which owns and operates one of the largest and most noteworthy diversified property portfolios in the Northeast and Mid-Atlantic regions.

"Transwestern's reputation for professionalism and depth of relationships combined with the major capital improvements to the complex gives us great confidence that Park Place will again be among the most competitively positioned premier business destinations in this submarket," said Paul Teti, principal at Normandy Real Estate Partners.

"The property is ideally positioned in the market with exceptional on-site property management and in close proximity to some of the area's top-tier business tenants and amenities," said Postell. "There is an available 70,000-square-foot contiguous block of space, offering tenants a flagship location at significant value."

Renovated in 2001, Park Place is set to immediately launch a major capital improvements program throughout the common areas of the complex. In addition to its high-end finishes, property amenities include a conference center, cafe and private executive dining, fitness center, special event rooms, covered parking and a shuttle to and from the nearby New Jersey Transit Convent Station train station.

The property, at 200 through 230 Park Avenue is strategically located at the intersection of Park Avenue and Columbia Turnpike, adjacent to Route 24 and one mile east of Interstate 287. In terms of public transportation, Park Place is in close proximity to both the Morristown and Convent Station New Jersey Transit stations. The immediate surrounding area is the current site of the New York Jets training facility, the Atlantic Health Jets Training Center, as well as the corporate headquarters for BASF and Realogy. The property is also near upscale residential neighborhoods and the Morris County Country Club.

ABOUT TRANSWESTERN
Transwestern is a privately held real estate firm specializing in agency leasing, property and facilities management, tenant advisory, capital markets, research and sustainability. The fully integrated global enterprise leverages competencies in office, industrial, retail, multifamily and healthcare properties to add value for investors, owners and occupiers of real estate. As a member of the Transwestern family of companies, the firm capitalizes on market insights and operational expertise of independent affiliates specializing in development, real estate investment management and research. Transwestern has 34 U.S. offices and assists clients through more than 181 offices in 40 countries as part of a strategic alliance with Paris-based BNP Paribas Real Estate. For more information, please visit transwestern.com and follow us on Twitter: @Transwestern.

Media Contact:
Mitchell Breindel
646.237.6932
[email protected]

SOURCE Transwestern