One Gatehall Drive in Parsippany
By Joshua Burd
Seven tenants have combined to lease nearly 30,000 square feet at a Parsippany office building, in a string of newly announced transactions by Lincoln Property Co.
Brokers with the firm represented Chopp Holdings, the landlord at One Gatehall Drive, in a series of deals that includes a 3,948-square-foot expansion by Santomassimo & Davis LLP. The law firm now occupies 10,862 square feet at the four-story, 114,715-square-foot building, which sits along Route 10 and provides tenants with quick access to interstates 80 and 287.
The LPC team of Rick Genthe, Bob Lee and Sean O’Brien serve as the property’s leasing agents, while JLL’s Derek DeMartino represented the tenant. In a news release, LPC noted that ownership recently renovated all common area hallways and installed new lighting, carpet tiles and artwork, while touting the addition of energy-efficient rooftop HVAC units and a recently renovated fitness and conference center.
The improvements have sparked an uptick in recent leasing activity, which also includes a second new lease by Engineering Resources Group. The tenant, which was represented by Glenn DiGiacomo of Cresa, is taking 4,449 square feet of third-floor space for its new headquarters.
Meantime, Anchor Management Consultants leased 2,140 square feet at One Gatehall, LPC said. The firm also touted lease extensions by several tenants, including Liberty Mutual Life Insurance Co. for 4,868 square feet, Compass Group for 2,788 square feet, Career Initiatives for 1,694 square feet and Ivory Systems for 2,853 square feet.
