PARSIPPANY — Accounting and advisory firm Marks Paneth LLP has signed a long-term lease for 13,823 square feet at 8 Campus Drive, located at Mack-Cali Business Campus announced Colliers International Group Inc.. The global commercial real estate services firm represented Marks Paneth in the transaction, which signifies the company’s operational expansion into New Jersey.
John Cunningham of Colliers’ Parsippany office headed the assignment with Michael Cohen and Andy Roos. Based in New York, Cohen and Roos represent Marks Paneth regionally. Brian Decillis served as in-house representative for Mack-Cali, which owns the award winning 215,265-square-foot, LEED-Silver-certified office property.
Headquartered in New York City, Marks Paneth offers a range of accounting, auditing, tax, consulting, restructuring, bankruptcy and financial advisory services to domestic and international clients. The firm employs more than 600 people, including over 80 partners and principals, with revenues in excess of $112 million. With roots dating back to 1907, it is the 34th largest accounting firm in the nation and the eighth largest in the Mid-Atlantic region, according to Accounting Today.
“Marks Paneth’s business in New Jersey is growing,” Cunningham said. “The firm’s senior management wanted to establish a presence in Morris County, at a well-amenitized, high-profile property. This building offers a great look and feel, and it is part of the Mack-Cali Business Campus, which is emerging as a true ‘downtown’ environment, with onsite hotels, daycare, restaurants, fitness centers and shuttle service to the Morris Plains train station. Future improvements on the Campus will include a Wegmans Supermarket, upgraded food services, expanded and upgraded fitness centers, jogging paths and walking trails, improved outdoor spaces, new restaurants, and new signage.
According to Cunningham, the Marks Paneth lease reflects an ongoing trend of flight to quality among Morris County office users. “Tenants in the local market are being drawn to properties that provide a first-class image and quality accommodations for servicing clients, and attracting and retaining top talent,” he said. “In the case of Marks Paneth, the company appreciated the opportunity to partner with a quality landlord at a property that can accommodate its continued growth.”
“We’re delighted about the prospects for future growth this new office facility presents for our firm,” said Harry Moehringer, managing partner at Marks Paneth. “Over the years, Colliers has been a key partner in our expansion across the mid-Atlantic region – and, once again, with their assistance, we have secured world-class office space in Parsippany in which to work and serve our clients.”
About Colliers International Group
Colliers International Group Inc. is an industry leading global real estate services company with more than 16,000 skilled professionals operating in 66 countries. With an enterprising culture and significant employee ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting.
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