PARSIPPANY, NJ—Ascensia Diabetes Care US, a leader in blood glucose monitoring owned by Panasonic Healthcare Holdings and global investment firm KKR, will bring its US headquarters to 43,534 square feet of space in Mack-Cali's 5 Wood Hollow Road in Parsippany, NJ.
Ascensia's lease is for ten years in the 317,040-square-foot, three-story, class A office building in Morris County. Ascensia joins AIG, Coyne PR, Groupe SEB, The MI Group, and Decision Resources, bringing the property's occupancy to 98.6 percent leased.
“This building is the ideal home for Ascensia's US headquarters, providing all the conveniences and services a company of this significance needs,” says Christopher DeLorenzo, Mack-Cali executive vice president of leasing. “Mack-Cali's strategic plan focuses on our core properties like 5 Wood Hollow Road that bring together premier office space, ideal transportation options, and the amenities to create workplaces where employees want to work.”
5 Wood Hollow Road is LEED Gold certified and located at the intersection of I-287 and I-80, with I-280, and routes 202, 46, and 10 all nearby, giving tenants easy commuting access.
The building includes a contemporary, three-story renovated atrium lobby, an on-site, full-service cafeteria with indoor and outdoor seating, complimentary Wi-Fi available in the cafeteria and its adjacent public meeting rooms, as well as on-site property management. The building is wired with fiber optics for high-speed connectivity and features a recently upgraded high-efficiency HVAC system. In addition, further 2016 planned upgrades include a new, state-of-the-art fitness center and renovated cafe and conference center.
“Bringing a company like Ascensia to our township is validation of the business-friendly environment we are cultivating here that brings a significant and positive economic impact,” says Parsippany Mayor James R. Barberio. “We welcome the new jobs and look forward to Ascensia calling Parsippany home for a long time to come.”
Ascensia was represented in the transaction by Roby Bull and Steven Rotter of Jones Lang LaSalle. Mack-Cali was represented in-house by Brian Decillis, vice president of leasing.
PARSIPPANY, NJ—Ascensia Diabetes Care US, a leader in blood glucose monitoring owned by Panasonic Healthcare Holdings and global investment firm KKR, will bring its US headquarters to 43,534 square feet of space in Mack-Cali's 5 Wood Hollow Road in Parsippany, NJ.
Ascensia's lease is for ten years in the 317,040-square-foot, three-story, class A office building in Morris County. Ascensia joins AIG, Coyne PR, Groupe SEB, The MI Group, and Decision Resources, bringing the property's occupancy to 98.6 percent leased.
“This building is the ideal home for Ascensia's US headquarters, providing all the conveniences and services a company of this significance needs,” says Christopher DeLorenzo, Mack-Cali executive vice president of leasing. “Mack-Cali's strategic plan focuses on our core properties like 5 Wood Hollow Road that bring together premier office space, ideal transportation options, and the amenities to create workplaces where employees want to work.”
5 Wood Hollow Road is LEED Gold certified and located at the intersection of I-287 and I-80, with I-280, and routes 202, 46, and 10 all nearby, giving tenants easy commuting access.
The building includes a contemporary, three-story renovated atrium lobby, an on-site, full-service cafeteria with indoor and outdoor seating, complimentary Wi-Fi available in the cafeteria and its adjacent public meeting rooms, as well as on-site property management. The building is wired with fiber optics for high-speed connectivity and features a recently upgraded high-efficiency HVAC system. In addition, further 2016 planned upgrades include a new, state-of-the-art fitness center and renovated cafe and conference center.
“Bringing a company like Ascensia to our township is validation of the business-friendly environment we are cultivating here that brings a significant and positive economic impact,” says Parsippany Mayor James R. Barberio. “We welcome the new jobs and look forward to Ascensia calling Parsippany home for a long time to come.”
Ascensia was represented in the transaction by Roby Bull and Steven Rotter of
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
