Page 9 - RE-NJ

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in January 2023.
“Morristown has been our
home for a long time, and
it was not an easy decision
to leave Headquarters
Plaza,” Racioppi said.
“But as we considered our
expanding needs and the
options, it became clear
that our future would be
best served by investing
in an enhanced offi ce
environment that would
foster the collegial culture
we value and provide for a
fully integrated experience
for our staff, our attorneys
and our clients.”
File photo/Courtesy: JLL
Headquarters Plaza on Speedwell Avenue in Morristown
1 2 RIKER DANZIG MOVING TO MADISON,
PLANS TO EXIT MORRISTOWN IN 2025
Riker Danzig LLP is leaving its
longtime home in downtown
Morristown, with plans to open a
modern, technology-rich headquarters
at Madison’s Giralda Farms campus.
Group. “We acquired the property
three years ago and have made
signifi cant capital improvements
upgrading the common areas
throughout the building and adding
new amenities and services to attract
The fi rm, whose name is emblazoned
quality tenants like Riker and other
on Headquarters Plaza’s West Tower,
prominent companies. We are looking
said in early December that it will
forward this long-term relationship,
move to 7 Giralda Farms in July 2025
hopefully another 40-plus years.”
under a lease with Bergman Real
Estate Group. It did not disclose
the size of the space, but said the
new home will reimagine its layout
from a compartmentalized, siloed
Riker said the lease comes as part of a
fi rmwide redesign of its workspaces,
which also includes a new offi ce that it
opened at 489 Fifth Ave. in Manhattan
offi ce tower into a more open and
vibrant atmosphere better suited for
its collegial culture and team-based
approach as well as an evolving hybrid
workplace model.
The 140-year-old, full-service fi rm
is one of the state’s largest, with
135 attorneys. It’s also a fi xture in
Morristown’s business community
and one of its largest offi ce tenants,
having been in the town for more
than 50 years after last renewing
its 110,000-square-foot lease at
Headquarters Plaza in 2015.
“We approached our lease renewal
considerations with our clients and the
next generation of attorneys in mind,”
Managing Partner Michael P. O’Mullan
said. “Our new home base will be far
more conducive to effi ciently and
productively working collaboratively
across all of our departments. And,
like so many of our peers, we are
looking toward a post-pandemic work
environment that incorporates a more
fl exible hybrid work model and allows
for evolving technology.”
Bergman acquired 7 Giralda Farms,
part of the historic former Geraldine
R. Dodge Estate, in 2021 and went
on to launch a multimillion-dollar
plan to update and expand amenities
at the 236,800-square-foot building.
Its new high-profi le deal with Riker
Danzig came together with Cushman
& Wakefi eld executive directors Bill
Brown and Joshua Cohen representing
ownership and C&W Executive Vice
Chair Marc Rosenberg representing
the tenant.
Nicholas Racioppi Jr., a member of
Riker Danzig’s executive committee
and head of its real estate practice, led
the lease negotiations for the fi rm.
“We are delighted to welcome Riker
Danzig to our fl agship offi ce building,
7GF,” said Michael Bergman, CEO
and president of Bergman Real Estate
3 4
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