CBRE MARKETS LEASING OPPORTUNITIES AT REBRANDED SITE IN MORRISTOWN, N.J.
SADDLE BROOK, N.J. (March 12, 2012) – CBRE, New Jersey’s largest commercial real estate brokerage firm, announced today that the firm is marketing available office space at the recently rebranded Governor Morris Office Center at 25 Lindsley Drive in Morristown, N.J. CBRE First Vice President, Dan Casey and Vice President, William Hassan are handing the assignment for the owners, P11 Management.
The approximately 70,000-sq.-ft. property is 75-percent leased and has current availabilities ranging from 2,000 to 3,140 square feet on the first floor and 13,500 square feet on the third floor. Notable names on the tenant roster include C31, which recently renewed and expanded.
“This spacious property boasts a centralized Morristown location, new well-capitalized ownership and an extensive renovation campaign,” said Mr. Hassan. “P11 Management has made a concerted effort to refresh and rebrand this property to better meet tenant requirements.”
With convenient access to Routes 287 and 24, the property has ample parking. The recent capital improvement program included adding new bathrooms, wall coverings, carpeting and upgrading the directory, monument, canopy and entrance doors. Being located near Morristown Memorial Hospital and Morris County courts makes the building an ideal site for medical groups and law firms, said Mr. Hassan.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services firm (in terms of 2011 revenue). The Company has approximately 34,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our Web site at www.cbre.com.