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NAI Hanson Negotiates Leases to Bring Two Healthcare Companies to Morris County

02/07/2017

Morris County, N.J. (February 7, 2017)NAI James E. Hanson, a leading New Jersey-based full-service independent commercial real estate firm, announced that it has negotiated two leases in Morris County, N.J. at 343 Walsh Drive in Parsippany and 13 Watchung Avenue in Chatham. NAI Hanson’s Scott K. Perkins, SIOR and Chris Todd represented the landlord at 343 Walsh, Cranberry Realty, and Thomas W. Ryan represented, 13 Watchung Avenue, LLC, the landlord at 13 Watchung Avenue.

343 Walsh Drive is a 27,169-square-foot industrial building in the Fox Hill Industrial Park that is fully air-conditioned with 22’ ceilings. Located minutes from Route 80 with direct access to New York City via the George Washington Bridge, the property offers the accessibility that many tenants look for in an industrial building. The new tenant, Multi-Pak, will be utilizing the space to house its growing pharmaceutical packaging company. The building’s amenities will allow the company to meet the high safety and production standards demanded by its industry.

Located in Chatham, 13 Watchung Avenue is an 8,908-square-foot flex property, of which Allied Innovative Systems has leased 1,560 square feet of office space to house its healthcare research and development company. The modern office space provides close proximity to Route 24 with access to Routes 287 and 78.

“These deals highlight the trend of continued high demand from healthcare companies for prime office and industrial space in Morris County,” said Perkins. “Morris County’s highly-educated workforce and proximity to several leading international pharmaceutical companies and renowned hospitals has made it the center of New Jersey’s continued healthcare resurgence.  The addition of these companies further reinforces this position for the county and has enabled landlords to secure a premium price per square foot for their properties.”

“The location and modern amenities offered by these two locations made these properties highly-desirable for healthcare companies seeking office and industrial space in Morris County,” added Ryan. “The properties will allow the tenants to continue to make valuable contributions to healthcare research and production in New Jersey.”

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02/07/2017 - 12:15

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NAI James E. Hanson

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