1 Indian Lane in Montville — Courtesy: Diversified Properties
By Joshua Burd
Diversified Properties has leased a 9,000-square-foot industrial building in Montville that will serve as the new U.S. headquarters of a global fragrance house.
In a news release, the real estate firm said Quintessence Fragrances will use the space at 1 Indian Lane as a creative research and development center and to house its sales, administration, marketing, evaluation and perfumery staff. The deal follows Diversified Properties’ acquisition of the building late last year, thanks in part to its location just off Route 202 and near Exit 47 on Interstate 287.
Tom Consiglio and Greg Sabato of Resource Realty brokered the transaction.
“Our unique space needs meant it was critical that our new U.S. headquarters and creative R&D center had the ideal balance of location and adaptability,” said Jennifer Russell, senior vice president of fragrance evaluation and marketing for Quintessence Fragrances and its managing director in the United States. “After visiting 1 Indian Lane and meeting the Diversified Properties team, it was clear that the building perfectly fit our needs and we’re thrilled to begin our work in crafting memorable fragrances for our customers in the U.S.”
In announcing the deal, Diversified said it acquired the single-story building with an existing tenant that was scheduled to vacate at the end of its lease at the end of 2022. The property houses modern offices, a loading dock and a direct entry overhead door.
Quintessence Fragrances, which is based in the United Kingdom, has been in business for more than 40 years.
“When we acquired 1 Indian Lane back in 2022, we knew that its strategic location and adaptability made an ideal home for the wide range of businesses hoping to find their homes in Morris County,” said Nicholas Minoia, founder and managing partner of Diversified Properties. “Our ability to fully lease the building less than six months after our acquisition highlights its broad appeal in the regional industrial market. We’re thrilled to welcome Quintessence Fragrances to Montville and are excited for them to begin utilizing their space.”
