David Sherman, Marc Trevisan and Dan Johnsen of Cushman &Wakefield's East Rutherford office represented Maxell in the sitesearch and lease negotiation process. An affiliate of MountainDevelopment Corp. owns the 126,053-square-foot building, which ispart of the three-building Garret Mountain campus. While the firmwould not release the rental rate, prices in Union County are$26.64, according to internal research.

The Cushman & Wakefield team also orchestrated a leasetermination at the Fair Lawn property as part of the assignment."Maxell took advantage of current market conditions by exploringopportunities that would enable the company to upgrade itscorporate headquarters image and amenities," says Johnsen. "ThreeGarret Mountain Plaza's strong ownership and appealing locationmade it a logical choice."

Johnsen notes that Maxell looked at properties within a 10-mileradius of its current headquarters operation. The Woodland Parkproperty sits just off Exit 56 of I-80, with access to the GardenState Parkway, and routes 19, 46 and 3. Onsite conveniences includea cafeteria, bank and covered parking.