8 Campus Drive, Parsippany, NJ 8 Campus Drive, Parsippany, NJ

PARSIPPANY, NJ—New York-based accounting and advisory firm Marks Paneth is expanding into New Jersey with a long-term lease for 13,823 square feet at 8 Campus Drive, located at Mack-Cali Business Campus in Parsippany.

Colliers International Group represented Marks Paneth in the transaction. John Cunningham of Colliers’ Parsippany office headed the assignment with Michael Cohen and Andy Roos, who are based in New York and represent Marks Paneth regionally. Brian Decillis served as in-house representative for Mack-Cali, which owns the 215,265-square-foot, LEED-Silver-certified office property.

Marks Paneth offers a range of accounting, auditing, tax, consulting, restructuring, bankruptcy and financial advisory services to domestic and international clients. The firm employs more than 600 people, including over 80 partners and principals, with revenues in excess of $112 million. With roots dating back to 1907, it is the 34th largest accounting firm in the nation.

“Marks Paneth’s business in New Jersey is growing,” Cunningham says. “The firm’s senior management wanted to establish a presence in Morris County, at a well-amenitized, high-profile property. This building offers a great look and feel, and it is part of the Mack-Cali Business Campus, which is emerging as a true ‘downtown’ environment, with onsite hotels, daycare, restaurants, fitness centers and shuttle service to the Morris Plains train station.”

Future improvements on the Campus will include a new Wegmans Supermarket, upgraded food services, expanded and upgraded fitness centers, jogging paths and walking trails, improved outdoor spaces, new restaurants, and new signage.

The Marks Paneth lease reflects an ongoing trend of flight to quality among Morris County office users, Cunningham says.

“Tenants in the local market are being drawn to properties that provide a first-class image and quality accommodations for servicing clients, and attracting and retaining top talent,” he says. “In the case of Marks Paneth, the company appreciated the opportunity to partner with a quality landlord at a property that can accommodate its continued growth.”

“We’re delighted about the prospects for future growth this new office facility presents for our firm,” says Harry Moehringer, managing partner at Marks Paneth. “Over the years, Colliers has been a key partner in our expansion across the mid-Atlantic region – and, once again, with their assistance, we have secured world-class office space in Parsippany in which to work and serve our clients.”