"In this transaction, the tenant was in search of a permanent US headquarters facility to replace its temporary space at 55 Madison Ave. in Morristown," Sica tells GlobeSt.com. "After an extensive search, we were able to locate this prime space on the first floor of 1 Sylvan Way within the Mack-Cali Business Campus, which is considered one of New Jersey's top corporate addresses."
Situated in the heart of Morris County, 1 Sylvan Way is one of 17 class A office properties located at the Mack-Cali Business Campus, which is just 45 minutes outside of Manhattan, with access to Interstate 287 and Route 24.
The facility offers includes top-of-the-line amenities like a conference center, full-service cafeteria, covered parking, hotels, restaurants, banking and a childcare center, as well as nearby shopping, restaurants and business services.
"This transaction continues the acceleration of New Jersey's office leasing, particularly in the Parsippany submarket, which proved one of the most active office submarkets in the state during the fourth quarter of 2009, recording 233,067 square feet of activity," says Burdack.
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