Sean Ryan is associate editor of Real Estate New Jersey
SOMERSET, NJ-LaSalle Investment Management Inc has tapped Jones Lang LaSalle's Parsippany branch to lease and manage two office complexes here: Atrium Corporate Park and Campus Drive Executive Park. The two have a combined 1.1 million sf of office space.
Executive vice president Thomas Reilly and senior vice president Susan Mason will oversee leasing efforts. Executive vice president Ian King will oversee the two complexes' management. All three advised La Salle Investment when it bought the two complexes from Allegiance Realty Corp. earlier this year.
LaSalle is the third owner the properties have had in a year. JLL had the leasing assignment for Campus Drive Executive Park when Allegiance owned both it and Atrium. The larger Atrium assignment at the time was given to Cushman & Wakefield, who also had it when the Archon Group owned the two complexes at the beginning of the year.
"The properties are well-positioned to draw from the steady volume of space users looking for New Jersey office space," JLL's Reilly says. Atrium Corporate has four class A buildings at 300, 400, 500 and 700 Atrium Dr, totaling 852,400 sf. Campus Drive Executive Park has two class B buildings at 379 and 399 Campus Dr., totaling 208,000 sf.
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