MORRIS PLAINS, NJ—The Ukrainian National Association has signed a lease for its corporate headquarters at 2200 State Route 10 here.
The lease deal is for 11,579 square feet at the 65,000-square-foot building that is currently undergoing renovations by building owner Parsippany Building, LLC. NAI Hanson’s Joshua Levering, SIOR, Nick DePaolera, Andrew Kirshenbaum, Arthur Hixson, and Barry Mayer represented the landlord in the transaction.
The Ukrainian National Association is a fraternal society that offers insurance products to its members. For 125 years, UNA has been based in Morris County. The lease will allow the organization to continue to serve the needs of their customers in a modern, centrally-located facility, NAI James Hanson states.
“As a highly-flexible and adaptable building, 2200 Route 10 speaks to the trend and that showcases demand for these types of assets in our regional market. Although many office markets have struggled over the last several years, the Route 10 corridor continues to boast competitive rental rates and corporate tenant interest,” Levering notes.
DePaolera added, “It was great to be able to provide a newly renovated modern space just in time for UNA’s 125th anniversary. This deal would not have been possible without a team effort between building ownership, the staff of UNA, and the brokers here at NAI James E. Hanson.”
Constructed in 1985, 2200 State Route 10 is a two-story office building on 4.09 acres. Located along Route 10, the building offers access to Interstate 287, Routes 202, 80, 24, 78 and Route 46 as well as the Garden State Parkway, New Jersey Turnpike and Newark Liberty International Airport. Among the building upgrades underway include common area renovations and amenities.