PARSIPPANY, NJ–Cushman & Wakefield brokers have arranged the lease of a 44,000 square-foot headquarters and regional warehouse in Parsippany for trophy maker Freeman Products Worldwide. The company will expand to facilities at 71 Walsh Drive here, relocating from a longtime home in Elmwood Park in Bergen County.
Bonnie Heller of C&W represented Freeman in negotiating the new long-term deal. The East Rutherford, NJ-based brokerage has a 15-year association with the trophy company, and Heller has personally brokered several previous satellite office leases.
Walsh Drive Associates, the owners of the Parsippany building, were represented by Howard Weinberg and Andrew Houston of Cassidy Turley. The brokerage is currently assigned to lease additional spaces in the Fox Hill Industrial Park where Freeman’s new headquarters will be located. The flex space in the 26-year old complex is offered at $6.25 per square foot.
“My client’s business continues to grow,” Heller says in a release. “This move accommodates its additional space requirements while providing a desirable image, value and efficiency. In short, 71 Walsh Drive makes sense. Beyond that, the landlord has been responsive and accommodating in terms of updating the space, and building out executive and administrative offices to suit Freeman Products’ needs.”
Freeman Products Worldwide had its origins in 1921 as a brass machine parts manufacturer, later turning to lamp and lighting products manufacture. It is now one of the largest trophy and award recognition makers in the country. It has facilities in six states in addition to New Jersey: California, Georgia, Illinois, North Carolina, Ohio and Texas.
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