The key, he says, is the location. “There’s a significant executive housing communities in the adjacent towns,” Barkan says, with most top professionals looking to minimize their commutes by finding office space nearby.

In addition, these affluent executives want easy access to their own bankers, he says. The result is a large number of financial tenants. “Every investment bank with a major wealth management practice has an office in the complex,” he says.

Tenants include Accenture, Holliday Fenoglio Fowler, L.P., JP Morgan Chase, Mapfre Reinsurance, McKinsey & Company, Merrill Lynch, PricewaterhouseCoopers, Morgan Stanley Smith Barney, UBS and Wells Fargo Advisors. Law firms Wilson Elser, Clyde & Company and DLA Piper have signed new leases, joining existing tenants such as Drinker Biddle.

Barkan declined to reveal the rents for the spaces, noting that the current LoopNet listing of $28 per square foot for a modified gross lease is low.

The complex is 93.5% leased, and activity continues for the major companies that tenant such complexes as Park Avenue. “Morris County has been really active this year, just continuing the trend that draws tenants to trophy class A space,” Barkan notes. “It has to do with improving the lives of employees. If you can demonstrate you’ll be more efficient and can hire a better caliber of employee, you’ll pay a premium.”