Duff & Phelps, LLC Renews 33,000-SF Office Lease in Morristown NJ

As Tenant Representative, Colliers Co-Brokers Transaction with JLM Partners. End Quote

Newark, NJ (1888PressRelease) November 03, 2017 - Duff & Phelps, LLC this fall renewed its 33,000-square-foot office lease at Headquarters Plaza in Morristown. A long-time tenant at the downtown Morristown office tower, the financial services firm occupies two full floors at the 571,000-square-foot property.

Colliers International NJ LLC Inc. (NASDAQ:CIGI, TSX:CIG) and JLM Partners, LLC co-brokered the transaction as tenant representatives. Richard Mirliss, Richard J. Madison, Alex Vitro and Jack Callahan, based in Parsippany, N.J., and Dan Arends and David Burden, based in Chicago, comprised the Colliers team, along with Jim McCormick from Washington D.C.-based JLM Partners, LLC. As landlord representatives, Robert Donnelly, Jr. and Ben Brenner from Cushman & Wakefield serve as exclusive agents for Headquarters Plaza, which is owned by the Olnick Organization and Fisher Development Associates.

“This renewal followed a methodical process in which we carefully examined alternatives within the larger Morris County market,” Mirliss said. “Ultimately, Morristown’s CBD amenities – from restaurants and shopping to mass transit – are a major driver in the firm’s ability to attract and retain talent. Headquarters Plaza, itself, has hotel, gym, movie theater and underground parking.”

Mirliss noted a lack of available big-block space in Morristown continues to present a supply/demand challenge. “Morristown has very few availabilities that meet larger tenant requirements,” he said. “Based on Duff & Phelps’ current and anticipated needs, it really proved to be the best fit for today and can also accommodate future expansion.”

About Colliers International Group
Colliers International Group Inc. (NASDAQ: CIGI; TSX: CIG) is an industry leading global real estate services company with more than 16,000 skilled professionals operating in 66 countries. With an enterprising culture and significant employee ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting.

Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice that help clients accelerate their success. Colliers has been ranked among the top 100 outsourcing firms by the International Association of Outsourcing Professionals’ Global Outsourcing for 11 consecutive years, more than any other real estate services firm.

For the latest news from Colliers, visit Colliers.com or follow us on Twitter: ( @ ) Colliers and LinkedIn dot To see the latest news on Colliers International in New York, follow ( @ ) Colliers_NYC and Twitter dot

For further information, please contact:
Evelyn Weiss Francisco, Vice President
Caryl Communications
Phone: 201-796-7788
Email: evelyn ( @ ) caryl dot com

###

space

Other Related Press Releases