Technology firm inks 10-year lease for 20,000 SF at Class A, 80,000-SF office building
JLL has completed a new, direct transaction for Wayside Technology Group Inc. at 4 Industrial Way West, also known as Meridian Center II, in Eatontown, N.J., with building owner The Donato Group. The computing products and solutions provider signed for 20,000 square feet at the 80,000-square-foot Class A office building.
Wayside Technology Group was represented byJohn Kaye and Peter Politi, both with JLL. The pair worked closely with Corbett Donato, principal, with The Donato Group. The building owner was represented by Suzanne Macnow with CBRE.
“For the past several years, we have worked closely with Wayside Technology Group to find a new headquarters location,” said Kaye. “We conducted a comprehensive review of office buildings throughout Ocean and Monmouth Counties to find a building that could offer the efficient floor plates, high-tech infrastructure and redundant power required by a technology-based firm like Wayside.”
Wayside Technology Group signed a 10-year lease for 20,000 square feet of office space and will occupy the entire third floor at 4 Industrial Way West. The computing products and solutions provider is relocating to the building from its previous offices at 1157 Shrewsbury Avenue in Shrewsbury, N.J.
“Our corporate culture is very family oriented, so when we started looking for space, we were interested in ensuring that our employees didnot have to travel more than needed,” said Vito Legrottaglie, vice president and chief information officer, with Wayside. “Most of our employees live in Monmouth and Ocean Counties so we decided to do everything possible to remain near our existing offices. JLL, and specifically John Kaye, played an integral part in making this happen.The JLL team has been very knowledgeable and helpful in providing information to assist us in making the right decision for our company.”
The three-story 4 Industrial Way West office building was constructed in 1988. The office property is located on 4.6 acres within Meridian Center II in Eatontown. The building is located near the intersection of Industrial Way and Route 35,offers easy access to Routes 36, 18 and66, and is close to Exit 105 of the GardenState Parkway.
JLL is a leader in the northern/central New Jersey commercial real estate market, with more than 1,000 professionals and support staff providing agency leasing and property marketing, tenant representation, industrial services, strategic consulting, occupancy planning, workplace strategies, project and development services, property and facility management, and investment sales/capital markets services to New Jersey's leading corporate tenants, investors and landlords. The firm, which assists clients from three full-service offices in Parsippany, Iselin (Metropark) and East Rutherford, also acts as a local service provider for JLL’s global and national corporate clients in need of real estate assistance in New Jersey. JLL’s New Jersey operations were honored by NJBiz magazine as one of its 2015 Best Places to Work in New Jersey.
About JLL
JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $5.2 billion and gross revenue of $6.0 billion, JLL has more than 280 corporate offices, operates in more than 80 countries and has a global workforce of more than 60,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. Its investment management business, LaSalle Investment Management, has $59.1 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.
