PARSIPPANY — Avison Young, the world’s fastest growing commercial real estate services firm, today announced that its New Jersey office has been named exclusive leasing and property management agent for 10 Waterview Boulevard, a 211,879-square-foot office building.
The Avison Young team of Jeffrey L. Heller, Principal and Managing Director, and Steven Geltzeiler, Senior Vice President of the firm’s New Jersey office, will handle the leasing assignment on behalf of Waterview Investors LLC, which recently acquired the property from New York Life.
Avison Young has enjoyed a longstanding tenure at 10 Waterview Boulevard, which has been managed by Principal Daniel Frank and Senior Property Manager Joseph Ravenelle, who has served as a leader of the property management team for the past eight years.
“Our property management team has been phenomenally successful at managing 10 Waterview as a first class office property during New York Life’s ownership,” said Heller. “New ownership recognizes the benefits of Avison Young’s experience at the property and our multi-faceted real estate services platform, and, as a result, chose us for our integrated service delivery model line.”
Waterview Investors LLC and its managing partner, Park-It Management, NYC, plan to enhance the building with a comprehensive capital improvement campaign that will include upgrades to the building entrances and new exterior lighting and a solar energy initiative.
A three-story building, 10 Waterview is situated on seven acres near the intersection of routes 80 and 287, with water views of the 775-acre Boonton Reservoir. The building amenities include a café and on-site property management.
Added Heller: “Ownership is a seasoned partnership of experienced real estate professionals, and this is their first office property in Morris County, New Jersey. Their decision to partner with Avison Young is a further validation of our comprehensive and integrated service offerings to our clients.”
Avison Young is the world’s fastest-growing commercial real estate services firm. Headquartered in Toronto, Canada, Avison Young is a collaborative, global firm owned and operated by its principals. Founded in 1978, the company comprises 2,100 real estate professionals in 75 offices, providing value-added, client-centric investment sales, leasing, advisory, management, financing and mortgage placement services to owners and occupiers of office, retail, industrial and multi-family properties.