Building owner Woodmont Properties, based in Parsippany, was represented by assistant VP Lori Zuck and associate Adrienne Bzura of GVA Williams New Jersey, also in Parsippany. Garda USA was represented by Fred Brunswick, senior director at Cushman & Wakefield. Terms of the deal were not released, although the lease was described as "long term."
"We had an extensive marketing program, and that coupled with the building's features generated a tremendous amount of interest in the property," says Zuck. "And in terms of meeting Woodmont's objectives and criteria for the building, Garda USA is an ideal tenant."
The two-story facility of glass and dryvit is at the entrance to an established industrial park in this Essex County community, near routes 46 and 23, I-80 and I-287. During its marketing, the building had been positioned for telecom use.
"Garda USA committed to a long-term lease for the entire building, primarily because of its location, its high-profile image and its expansive parking lot," Bzura says.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
