1 Giralda Farms in Madison — Courtesy: Newmark Knight Frank
By Joshua Burd
An investment group has picked Newmark Knight Frank as its leasing agent at a well-known office building in Madison, where it’s now marketing 115,000 square feet.
The joint venture of Onyx Equities, Taconic Capital Advisors LP, Axonic Capital LLC and Machine Investment Group recently acquired 1 Giralda Farms, which spans 154,417 square feet, as part of a portfolio sale by Mack-Cali Realty Corp. NKF Vice Chairman David Simson, Executive Managing Director Jeff Schotz and Director Harrison Russell are now leading the leasing assignment at the building, whose existing tenants include BNY Mellon, Mariner Wealth Advisors and Windels Marx Lane & Mittendorf LLP.
“1 Giralda offers an exceptional opportunity for the sophisticated tenant seeking competitive advantages for retention and growth of their employee base,” Simson said. “It is the premier location throughout Morris County and offers firms an updated and secure location in which to thrive.”
The available space, which was previously home to Pfizer, comprises floors two through four. Amenities at the building include a full-service cafeteria, a fitness center, a conference center with auditorium-style seating and outdoor seating areas.
NKF also noted that the building sits within Giralda Farms, an iconic 375-acre office park along the Route 24 corridor. The campus features hiking trails in a park-like setting, along with shuttle service for tenants to the nearby Madison train station.
“1 Giralda Farms offers an exceptional workplace for companies in the area seeking Class A space,” said Stephen Sullivan, chief investment officer at Onyx. “We look forward to implementing our typical value-add capital improvement business plan to upgrade assets that we already feel are some of the best in Morris County.”
