In Double Play for Onyx, Avaya Relocates to Mt. Kemble, Freeing Mt. Airy Road for Daiichi Sankyo

Mt. Kemble Corporate Center, 350-360 Mt. Kemble Avenue, Morristown, NJ

BASKING RIDGE, NJ— Coming on the heels of Daiichi Sankyo’s announcement that the Japanese pharmaceutical company will lease the entire former Avaya headquarters at 211 Mt. Airy Road, Onyx Equities confirms it has leased space in Mount Kemble Corporate Center in Morristown, NJ—a 230,000-square-foot, class-A complex, jointly owned by Onyx and Artemis Real Estate Partners —to the multinational technology company. Over the past four months, leasing velocity at the Morristown complex has been steady, including new leases signed by Ruvolo Law , Alliant Technologies , Grunenthal USA and Daytop New Jersey . Avaya’s move to 350 Mount Kemble Avenue allowed Daiichi Sankyo to occupy all of 211 Mt. Airy Road . The two transactions completed last week brought Mt. Airy Road to full occupancy and Mt. Kemble Corporate Center to 80 percent occupancy. As previously reported by GlobeSt.com , Daiichi Sankyo will consolidate its Parsippany and Edison facilities into 211 Mount Airy Road , which Onyx and its joint-venture partner Rubenstein Partners acquired in 2013. “ Onyx has earned a reputation as a value-add investor and manager of class-A properties in the tri-state market,” says D.J. Venn , Onyx’s senior vice president of asset management. “This particular deal is a testament to our agility and creative flexibility in responding to the unique requirements of the tenants involved in this transaction.” Cushman & Wakefield has been named exclusive leasing agent for Mt. Kemble Corporate Center . The commercial real estate services firm’s East Rutherford, N.J.-based team of executive vice president – Americas Marc Trevisan; David DeMatteis, director; and senior associates Mark Zaziski and Jason Tenenbaum are handling the assignment on behalf of Onyx Equities.