180 Park Ave. in Florham Park — Courtesy: Cushman & Wakefield
By Joshua Burd
Shipping giant Maersk USA has extended its nearly 47,000-square-foot office lease in Florham Park, in one of several newly announced transactions by Cushman & Wakefield.
According to the brokerage team, the deal with Maersk comes alongside three new commitments at 180 Park Ave. They include a 9,574-square-foot lease by Mariner Wealth Advisors, a financial planner for medical professionals, along with a 7,840-square-foot transaction by law firm Finazzo Cossolini O’Leary Meola & Hager LLC and a 7,231-square-foot deal with Rockefeller Capital Management, an independent wealth management and financial services firm.
Cushman’s Brian Decillis, William O’Keefe and Courtney Brooke Rosenkrantz represented the landlord, Vision Properties, in all four transactions.
“Tenants continue to gravitate to high-quality, fully-amenitized buildings like 180 Park Avenue,” Decillis said. “The building’s reputable ownership, stable financing and capital to perform make it an attractive choice for businesses looking to elevate their corporate identity.”
C&W noted that Maersk, an integrated global container logistics and supply chain company, has been an anchor tenant at 180 Park Ave. since 2014. Its 46,893-square-foot office gives it a presence in The Green at Florham Park, a master-planned campus that includes Summit Medical Group, the Archer Hotel, AVE Florham Park and the New York Jets training facility, along with quick access to Route 24, mass transit and downtown Morristown and Madison.
The 228,350-square-foot property also has an atrium lobby, a full-service cafeteria and coffee bar, a fitness center and studio, a tenant lounge, a conference center, garage parking and an outdoor patio with seating, WiFi and walking trails.
“We are thrilled to extend Maersk’s lease and welcome these esteemed new tenants to 180 Park Avenue,” Vision Properties’ David Milewski said. “Our commitment to providing a premier office environment with unmatched management, amenities and accessibility is evident in the continued leasing success. With the success we are having at 180 Park, we recently hired the same Cushman team to manage the leasing for two of our other properties, 350 and 360 Mount Kemble.”
Joint venture picks C&W as leasing team for 228,000 sq. ft. Florham Park office building
