Morris Plains – The new commitments coincide with a significant capital campaign implemented by the property’s ownership, according to Cushman & Wakefield’s Brian Decillis and Kelsey Nakamura, leasing agents for the 89,000-square-foot boutique office building.
The team, based in the commercial real estate services firm’s Morristown, N.J., office, orchestrated the recent leasing, which includes the following completed transactions:
MFXchange US, Inc., which provides hosted IT applications and outsourcing solutions for the property and casualty insurance industry, leased 5,452 square feet at 201 Littleton Road. Remy deVarenne from CBRE served as tenant representative in the headquarters move from Bridgewater, N.J.
Additionally, advanced technology solutions firm TeamLogic IT leased 2,075 square feet at the property. The national organization has nearly 200 independently owned and operated locations and is relocating locally from Campus Drive in Parsippany, N.J.
Finally, McKirdy Riskin Olson & Dellapelle P.C. leased 4,986 square feet. The law firm is relocating to 201 Littleton Road from downtown Morristown and was represented by Raymond Trevisan from Cushman & Wakefield.
After purchasing 201 Littleton Road earlier this year, Chopp Holdings is in the process of updating the lobby and common areas throughout the three-story building. The firm has created a new vending area offering a variety of food, beverage and convenience items; introduced a new signage program; and completed exterior work including new landscaping, and parking lot resealing and restriping.
“MFXchange, TeamLogic IT and McKirdy Riskin Olson & Dellapelle were drawn to the property upgrades and Chopp Holdings’ ability to make deals quickly, as all three tenants were looking for quick occupancy,” noted Decillis. “Chopp Holdings is remarkably responsive and results-oriented, proven by the fact that they draft leases and commission agreements within 48 hours. This new ownership is smart and aggressive and knows how to make deals. It has quickly positioned 201 Littleton Road as one of the best-value office buildings catering to small and mid-size tenants in Morris County.” The Cushman & Wakefield team is marketing approximately 45,000 square feet of additional available space at 201 Littleton Road, with units starting at 2,000 square feet.
201 Littleton Road offers expansive balconies and stunning floor-to-ceiling glass spanning the entire eastern façade of the building, maximizing views of the 6.5-acre property’s bucolic three-acre pond. Additional features include a travertine marble façade, oversized (operable) windows, nine-foot finished ceilings, flexible floor plates, and restrooms with showers. The property also offers multiple branding opportunities, a generous 4.4/1,000 SF parking ratio and dedicated on-site property management.
“201 Littleton Road’s location is ideal for boutique office users,” Nakamura said. “Because it is walkable to abundant retail and dining, hotels and housing options, it is a great play from a recruiting standpoint. Employers here can offer a live/work/play environment, with nearby amenities including Roseland’s Signature Place apartment complex, Wegmans, 24 Hour Fitness, Zinburger, Starbucks and a new Chick-fil-A. Other highly anticipated neighborhood amenities include District 1515 (a mixed-use project), Capital Grille and Seasons 52.”
Located just south of Route 10 along Route 202, the building offers easy access to Interstates 80 and 287, and is part of an established commercial corridor housing Fortune 500 companies. The nearby Morris Plains train station provides Midtown Direct service to NY Penn Station.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 51,000 employees in 400 offices and 70 countries. In 2018, the firm had revenue of $8.2 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.
