CBRE responsible for 50,000 s/f of Morris Center leases.Approximately 50,000 s/f of office leases have recently been completed at Morris Corporate Center 1 & 2 in Parsippany, according to CB Richard Ellis CB Richard Ellis Group, Inc. NYSE: CBG is a multinational real estate corporation currently based in Los Angeles, California, U.S.A.. On December 20, 2006, the corporation, also known as CBRE, completed acquisition of Trammell Crow Co. in a transaction valued at $2. , New Jersey's largest commercial real estate brokerage firm. The CB Richard Ellis team of senior vice president Richard Danesi, first vice president Gregory Barkan and vice president Brian Godau represented the landlord, Ohio STRS STRS State Teachers Retirement System STRS Sir Thomas Rich's School (UK) STRS Stimulated Thermal Rayleigh Scattering STRS Supplier Test Report System STRS Straight Talk Retirement System (software) , in these transactions. "We are pleased to have completed these leases on behalf of Ohio STRS," stated Danesi. "Morris Corporate Center 1 & 2 is undergoing extensive capital improvements, which is a strong incentive to both new and existing tenants. As a result, this trophy-quality campus has been experiencing tremendous leasing activity, and this location is attracting and retaining a variety of prestigious corporate users seeking a high-profile office space in the heart of the desirable Parsippany market." Transaction highlights consummated at Morris Corporate Center 1 & 2 include: A 29,000 s/f lease renewal and expansion for Towers Perrin. A 12,311 s/f lease for JHP JHP Jacketed Hollow Point (bullet) JHP Journal of Humanistic Psychology JHP Journal of Health Psychology JHP Jewish Heritage Program Pharma. Managing director Jerry Moore and senior vice president Craig Zurick of The Garibaldi Group represented the tenant. A 4,457 s/f lease renewal for Generali Employee Benefits. The tenant was represented in-house. And a 4,228 s/f lease on behalf of DSP (1) (Digital Signal Processor) A special-purpose CPU used for digital signal processing applications (see definition #2 below). It provides ultra-fast instruction sequences, such as shift and add, and multiply and add, which are commonly used in math-intensive Clinical Research. One of the few Energy Star-labeled office buildings in New Jersey, Morris Corporate Center is currently undergoing a capital improvement program exceeding $5 million. These renovations include new common areas and lobby, putting green, HVAC (Heating Ventilation Air Conditioning) In the home or small office with a handful of computers, HVAC is more for human comfort than the machines. In large datacenters, a humidity-free room with a steady, cool temperature is essential for the trouble-free upgrades, and a green initiative including energy-efficient HVAC rooftop units and roofs. Morris Corporate Center 1 & 2, a premiere 520,000 s/f Class A office campus, is strategically situated at a four-way interchange off 1-80 in Parsippany, less than a mile from the intersection of Interstate 287 and Routes 46 and 202. The campus is also conveniently located near New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. and Newark Liberty International Airport For the massive interchange outside of Newark Liberty International Airport, see . Newark Liberty International Airport (IATA: EWR, ICAO: KEWR, FAA LID: EWR), first named Newark Airport and later Newark International Airport . Situated on a 31-acre campus, the park's amenities include a pond, gazebo, one-mile walking/jogging path, executive covered parking, two cafeterias, fitness center, ATM, on-site management and security. |
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