Morris Corporate Center III in Parsippany — Courtesy: JLL
By Joshua Burd
Ogilvy CommonHealth Worldwide has leased nearly 85,000 square feet in a renewal at Morris Corporate Center III in Parsippany, real estate services firm JLL said Tuesday.
The brokerage, which represented the landlord at 400 Interpace Pkwy., said the deal involves a relocation by the health care marketing services within the 530,000-square-foot office campus. The 11-year lease calls for the tenant to occupy the entire fourth floor and portions of the second floor and third floor of Building C, after relocating mostly from Building B.
Jonathan Meisel, JLL managing director, along with vice presidents Fred Hyatt and Daniel Spero, handled the assignment for the institutional owner, according to a news release. Jeffrey Babakian, executive vice president, and Nicholas Savage, senior vice president, both with CBRE, represented Ogilvy CommonHealth.
“Ogilvy CommonHealth truly appreciated Morris Corporate Center III and preferred to remain within the complex,” Meisel said in a prepared statement. “Ownership continues to make many improvements to the property, which was honored by the Building Owners and Managers Association with an Outstanding Building of the Year Award in each of the past three years.
“The attention to detail from ownership and JLL’s management team had a great deal to do with helping keep Ogilvy CommonHealth at the complex.”
JLL has served as property manager and exclusive leasing agent at Morris Corporate Center III since December 2007, the news release said. Property management services at the complex are overseen by Dana Getz, JLL group manager and senior vice president; Brian Finnerty, chief engineer; and Shayonne Jefferson, assistant general manager.
Building improvements have been overseen through a partnership between JLL’s Property Management and Project and Development Services groups, with the effort led by Getz, Senior Vice President Jerry Sullivan and Project Manager Susan Pady, the news release said. The upgrades include heating, ventilation and air conditioning infrastructure mechanical improvements, along with new white reflective roofs, a fiber optic backbone to support a campus-wide energy management system and a renovated four-story atrium.
JLL said future building improvement plans, which are in the design and development phase, include enhancements to the interior and exterior of the property.
Morris Corporate Center III is a Class A, 530,000-square-foot commercial office complex comprised of four four-story buildings connected by a grand atrium. The property, part of the master-planned Morris Corporate Center campus in Parsippany, is located near Exit 42B of Interstate 80 and can be accessed via Cherry Hill Road to Interpace Parkway from the east and from Route 46 via Walsh Drive from the north.
