JLL recently completed a 17,265-square-foot new lease for Option Care Health at 6 Vreeland Roadin Florham Park,New Jersey. Option Care Health, a leading provider of home infusion therapy services, signed a long-term lease in the 58,000-square-foot office property.
Formed by a 2019 merger between BioScripand Option Care, Option Care Health sought to consolidate two expiring leases in a new regional compounding center. The company required a facility that met the technical needs of the consolidated group while also accommodating employee commutation patterns. A single-story flex building with loading dock access and 18’ clear ceiling heights was necessary for operations. Abundant parking and proximity to major highways was critical for easy patient access.
After extensive analysis and consultation, JLL identified 6 Vreeland Road, in Florham Park which sits on 5.3 landscaped acres, offers 77 surface-level parking spaces, a loading dock and 18’ clear ceiling height. It lies minutes from Interstate 287; Interstate 280 and the Madison and Chatham NJ Transit stops.
Peter Ladas, senior vice president, and Chris Conklin, senior vice president,led the JLL team in the acquisition and leasing of the property.Troy Corporation represented themselves and was led by Al Gerado, senior officer.
“By fully engaging with the tenant’s architect, engineering and account team we were able to identify ideal locations that would meet all of Option Care’s operational needs,” said Ladas. “A favorable rental structure and extensive tenant improvement allowance enabled us to accommodate the company’s unique technical and office space needs in an ideal location.”
JLL is a leader in the northern/central New Jersey commercial real estate market, with more than 1,260 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 debt and equity services to New Jersey's leading corporate tenants, investors and landlords. The firm, which assists clients from five full-service offices in Parsippany, Iselin (Metropark), Princeton, Morristown 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. NJBiz ranked JLL’s New Jersey operations as the No. 1 commercial real estate brokerage in the Garden State in 2020.
About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $18.0 billion in 2019, operations in over 80 countries and a global workforce of over 92,000 as of September 30, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
