480 Morris Ave. in Summit — Courtesy: NAI James E. Hanson
By Joshua Burd
An architectural firm is relocating within Summit to nearly 2,400 square feet of sublease space, following a deal arranged by NAI James E. Hanson.
The firm, The Biber Partnership, will occupy the space at 480 Morris Ave. under a transaction with master tenant Lindabury, McCormick, Estabrook & Cooper P.C., NAI Hanson said in a news release. Its new home is a two-story, 12,000-square-foot office building on one of Summit’s busiest thoroughfares.
NAI Hanson’s Andrew Kirshenbaum and Tom Ryan represented the master tenant in the 2,375-square-foot transaction.
“480 Morris exemplifies the continued high demand for well-located and modern office space in towns like Summit from high-quality tenants,” Kirshenbaum said. “Our market experience and knowledge enabled us to negotiate a deal that allowed the Biber Partnership to relocate their business while ensuring a premium rent price for our client.
“In today’s challenging office market, working with a highly experienced broker can make all the difference in attracting quality tenants and maintaining high occupancy.”
The Biber Partnership will occupy a portion of the second floor. NAI Hanson said the building offers ample parking and easy access to Route 24, Interstate 78 and the Summit train station.