2 Gatehall in Parsippany — Courtesy: Cushman & Wakefield
By Joshua Burd
Electronics and printer products maker Ricoh USA is moving to a revamped office building in Parsippany, under a nearly 56,000-square-foot lease announced by Cushman & Wakefield.
Brokers with the firm said they represented ownership, Silverman Realty Group, in the long-term transaction at 2 Gatehall. Ricoh, which is relocating from West Caldwell, will use the 55,893-square-foot space to house back-office operations.
Cushman & Wakefield’s William O’Keefe, Charles P. Parmelli, Curtis Foster and Jerry Shifrin completed the deal, citing Silverman’s recent multimillion-dollar upgrade as a key draw for the multinational company. Drew W. Persson of Newmark Knight Frank represented Ricoh USA.
“Silverman Realty Group orchestrated a comprehensive improvement program to elevate 2 Gatehall’s position as a go-to address,” O’Keefe said. “This effort to attract high-end companies and build on an already impressive tenant roster is proving out.”
According to the leasing team, those upgrades include a revamped lobby that is large enough to host town hall-style meetings, with includes improved technology and workspaces. The space also serves as a social gathering area with lounge-style seating and a fireplace.
“The redesigned, three-story atrium lobby serves as a central common area and access point to 2 Gatehall’s offices and amenities and features a new skylight installation, an innovative, multipurpose furniture plan and modern finishes,” Parmelli said.
Silverman has also added a new full-service café, outdoor courtyard seating and an espresso bar serving hot drinks and grab-and-go food options, according to a news release. Other amenities include a fitness center with new training equipment, a private yoga studio and new locker facilities.
“This is the heart of Morris County’s business corridor,” O’Keefe said. “Within it, 2 Gatehall sits at the intersection of Routes 10 and 202, just minutes away from I-287 and I-80, providing multiple access points from both main thoroughfares and congestion-free back roads. Nearby train and bus services, retail, restaurants and hotels — including an adjacent Residence Inn — add to its appeal.”