2200 State Route 10 in Morris Plains — Courtesy: NAI James E. Hanson
By Joshua Burd
A fraternal organization has leased space at a 65,000-square-foot office building in Morris Plains, brokers with NAI James E. Hanson announced Tuesday.
The real estate services firm said it completed a lease with The Ukrainian National Association, representing the landlord in the transaction at 2200 State Route 10. The organization’s new home, built in 1985, is a two-story building that is undergoing a series of upgrades to modernize its common areas and amenity spaces.
NAI Hanson’s Joshua Levering, Nick DePaolera, Andrew Kirshenbaum, Arthur Hixson and Barry Mayer completed the deal on behalf of Parsippany Building LLC.
“As a highly flexible and adaptable building, 2200 Route 10 speaks to the trend and that showcases demand for these types of assets in our regional market,” Levering said. “Although many office markets have struggled over the last several years, the Route 10 corridor continues to boast competitive rental rates and corporate tenant interest.”
The Ukrainian National Association is a fraternal society offering insurance products meant to provide financial peace of mind, according to a news release. The association has been based in Morris County for 125 years and will now operate from a site that offers easy access to interstates 287, 80 and 78, along with routes 202, 24 and 46.
“It was great to be able to provide a newly renovated modern space just in time for UNA’s 125th anniversary,” DePaolera said. “This deal would not have been possible without a team effort between building ownership, the staff of UNA, and the brokers here at NAI James E. Hanson.”
