FLORHAM PARK, NJ-Two major lease expansions at the Florham Park Corporate Center here show the appeal – and the value – of Class A office building close to, but not part of, the major “name” campuses, says Bergman Real Estate Group, which owns and manages the 226,000-square-foot, two-building complex.
Managed Health Care Associates, a leading health care service company focused on alternate site providers, signed a long-term deal for 39,060 square feet, including 17,550 square feet of expansion space. Veritext Corp., a global provider of deposition and litigation support services to law firms and corporations, signed a16,560-square-foot expansion, doubling its space to approximately 33,000 square feet.
“For Managed Health Care, one building’s second floor had a half-floor vacant. The other tenant had vacated but was paying rent. We were able to make a full floor,” says John G. Osborne, executive director of leasing and marketing for Bergman Real Estate Group, of Secaucus.
For Managed Health Care, the shift is a homecoming of sorts, he continues. The company originally was based in Building A, then had to relocate to Building B for an earlier expansion. Now, it will return to Building A. Eric Ladden of Cornerstone Real Estate Group, LLC represented Managed Health Care in the transaction.
Veritext Corp. required immediate expansion space within an expedited time frame. CBRE's senior vice presidents Greg Barkan and R
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