Florham Park Corporate Center at 25 A&B Vreeland Road in Florham Park — Courtesy: Colliers International
By Joshua Burd
A joint venture is reaping the benefits of a plan to upgrade and add new amenities to a Florham Park office complex, where brokers have inked four new leases and a renewal.
Agents with Colliers International are touting nearly 19,000 square feet in recent activity at Florham Park Corporate Center, a two-building, 230,000-square-foot campus at 25 A&B Vreeland Road. The owners, Bergman Real Estate Group and Rialto Capital Management LLC, have overseen improvements such as the addition of a new 3,500-square-foot fitness center, while they will soon begin renovations to common areas and lobbies.
According to Colliers, those plans have attracted new tenants including:
- Hilb Group, represented by Cushman & Wakefield’s Curtis Foster and Jerry Shifrin
- Rayfield & Licata, represented by Paul Steinbock of American Properties Realty Inc.
- Hutchison MediPharma, represented by Savills Studley’s Carey Puzo
- Piemonte and Liebhauser
Richard J. Madison, Richard Mirliss, Alex Vitro and Jack Callahan head the leasing team on behalf of ownership. Meantime, Bergman Management headed a renewal and expansion for Florham Park Wealth Advisors and a new lease by SAG Management LLC.
“We are seeing tangible demand and leasing momentum at Florham Park Corporate Center,” Callahan said. “Both buildings have always been well positioned within the market in terms of value and amenities. The latest improvements have elevated its appeal as a live/work/play atmosphere.
“The level of interest and completed transactions has already justified the investment made by ownership.”
The new fitness center opened in February, featuring a yoga studio, lounge and game room, along with cardio and weight training equipment and men’s and women’s locker rooms with showers, Colliers said. More than 200 employees of tenant companies at the property signed up to use the facility in the first week.
Tenants also have access to a shared conference and training center, full-service café with seating and new landscaping along the outdoor courtyard. The property, meantime, offers dry cleaning service, an on-site car wash and an app-based biking sharing program.
Owners are now gearing up to renovate Florham Park Corporate Center’s common areas and three-story atrium lobbies as well, with changes focused on creating an updated lounge aesthetic.
Brokers touted its location three miles from Morristown Airport, 16 miles from Newark Liberty International Airport and 27 miles from Midtown Manhattan. The 14-acre property offers easy access to Columbia Turnpike, routes 10 and 24 and interstates 78, 280 and 287.