PARSIPPANY — Colliers International has arranged a long-term, 30,000-square-foot corporate relocation for Paychex North America Inc. at One Centennial Plaza, located at 1 Centennial Avenue in Piscataway. Paychex will relocate in fall 2015.
Paychex — a provider of payroll, human resource, and benefits outsourcing solutions for small to medium-sized businesses — will relocate from its current space to its new location in the fall, occupying a portion of the first floor of the three-story, 236,961-square-foot office building.
Located at 1 Centennial Avenue, the property has recently commenced a capital improvements program. The building features a gleaming, three-story, glass enclosed atrium, conference and training center, security desk, on-site property management, 24/7 access, a spacious full-service cafeteria, and an outdoor seating area.
“The ongoing extensive capital improvements not only re-affirm the owners’ commitment to this desirable, Class-A office building, but truly impact the New Jersey market, as tenants increasingly are looking to relocate to buildings which feature best-in-class amenities,” said Richard J. Madison, Executive Managing Director with Colliers International, who along with Associate Jack Callahan represented the landlord in the transaction. “Paychex is an ideal tenant who was already in the local market and chose to relocate to One Centennial Plaza, which justly indicates all that the building has to offer.”
Michael Maroon, of Acclaim Group, represented Paychex in the transaction.
Located at a four-way interchange off 1-287 in Piscataway, the property is in close proximity to the New Jersey Turnpike, Garden State Parkway, and Routes 1 and 9. In addition, the property is a short drive to Newark International Airport.
About Colliers International
Colliers International is a global leader in commercial real estate services, with more than 16,300 professionals operating out of 502 offices in 67 countries. A subsidiary of FirstService Corporation, Colliers International delivers a full range of services to real estate occupiers, owners and investors worldwide, including global corporate solutions, brokerage, property and asset management, hotel investment sales and consulting, valuation, consulting and appraisal services, mortgage banking and insightful research. Colliers International has been recognized and ranked by the International Association of Outsourcing Professionals’ Global Outsourcing 100 for 10 consecutive years, more than any other real estate services firm.
