Marcus Partners Inks Four Office Leases
Four new leases and a renewal reflect strong demand at the newly renovated 44 Whippany Road, a property owned by an affiliate of Marcus Partners. Cushman & Wakefield serves as exclusive leasing agent for the 230,000-square-foot, Class A office property. Last year, the property underwent a $7 million capital improvement program.
Global pharmaceutical company Alvogen Pharma US, Inc. signed a new 84,609-square-foot lease. Gregg Kelman of GK Realty Services represented Alvogen. Keller Williams Realty Metropolitan committed to a new 15,404-square-foot lease. Peter Shikar of CBRE represented the tenant. The law firm of Donahue, Hagan, Klein & Weisberg, LLC renewed its New Jersey headquarters lease for 6,000 square feet at the property. Susanne Newmark of Newmark Associates represented the tenant. Orloff, Lowenbach, Stifelman & Siegel, P.A. leased 14,658 square feet with David Stifelman of JLL having represented Orloff. An additional tenant signed a 21,681-square-foot lease.
Cushman & Wakefield’s Bill Brown, Jon Williams and Heather Polhamus, based in Morristown, N.J., head the 44 Whippany Road leasing team.
Marcus Partners’ capital improvement campaign transformed the property into a modern, amenity-rich office environment. 44 Whippany now features a new café, fitness center, and 95-seat conference center. The property was further improved through a new entry and glass canopy, façade enhancements, and upgrades to common areas.
About Cushman & Wakefield
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, visit www.cushmanwakefield.com or follow @CushWake on Twitter.
