PARSIPPANY — Cushman & Wakefield represented the landlord of The Offices at Fox Hill as Edenbridge Pharmaceuticals leased 18,500 square feet in the third transaction at the property since its repositioning.
Last year, Cushman & Wakefield arranged a 19,000-square-foot regional headquarters research and development lease with a medical devices firm at 169 Lackawanna Avenue. Prior to that, Cushman & Wakefield arranged a 60,000-square-foot headquarters lease with Tangoe, an IT expense management software provider at the property.
The 250,000-square-foot, Class A property — located at 169 Lackawanna Avenue — had the features, flexibility and amenities necessary to accommodate Edenbridge’s office and pharmaceutical space.Edenbridge Pharmaceuticals was represented by an Avison Young team of Thomas V. Giannone, Ronald J. Ganter and Edward M. English. Jr.
“The successful completion of this transaction at The Offices at Fox Hill represents the kind of ‘win-win’ that we always aim to deliver,” according to William O’Keefe, who led Cushman & Wakefield’s Morristown-based leasing team, assisted by Raymond Trevisan, Charles Parmelli, and Jackie Madden. “The property’s location and its many features — including a full-service cafeteria and shared conferencing facilities — accommodate the needs of growing companies, which increasingly seek a flexible work environment.”
“The Offices at Fox Hill offers the infrastructure that these and other tenants seek, including robust power and HVAC infrastructure that enable them to accommodate a mixture of office, R&D lab and other space,” stated Parmelli. “The building’s modern image and rich amenities package are critical to attracting and retaining top talent, but the infrastructure also plays a key role in tenants’ decisions to take space here.” First-class mechanical systems and full back-up capabilities at The Offices at Fox Hill ensure comfort and continuity for modern enterprises.
“The facility stands out with a bright atrium, landscaped courtyard and other informal gathering spaces that enable employees to easily connect, collaborate and unwind,” noted Trevisan, “while the location offers easy access to roadways like Route 46 and Route 80.”
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value by putting ideas into action for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with 48,000 employees in approximately 400 offices and 70 countries. In 2017, the firm had revenue of $6.9 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more click here.
