Four Tenants Take 95,000 SF at Rockaway 80

In the largest of the four, Warner Chilcott, an international pharmaceutical company, has extended its existing lease and expanded to a total of 57,720 sf. The tenant was represented by Jack Fatigati and Jim Garibaldi of the Garibaldi Group, Chatham. Also, the Hartford Fire Insurance Co., a subsidiary of the Hartford Financial Services Group, has renewed its lease for just less than 30,000 sf. The Hartford was represented by Bob Shulman and Tom Semler of Cresa Partners, Paramus.

In two smaller transactions, Tetra Tech Inc., represented by Bill McCaffrey of the Trammell Crow Co., has renewed for 7,648 sf. The tenant is an engineering firm. And Topo Target, a biopharmaceutical company headquartered in Denmark, has signed a new lease for 600 sf. Douglas Gaffney and Michael Staskiewicz of the Schultz Organization represented the tenant.

"Rockaway 80 continues to attract and retain firms," says Michael Nevins, Onyx Equities' vice president of asset management. "Since acquiring the property, we have had a number of tenants relocate to the building, looking for a class A environment without the commuting hassles associated with the Parsippany and Morristown areas."

Onyx Equities was founded in 2004, and as reported by GlobeSt.com, Rockaway 80 was one of the new company's initial acquisitions. As part of a complicated, three-building deal, Onyx separately bought the asset in 2005 from a partnership of Investcorp, Crow Holdings and Lincoln Equities. Also as part of the deal, Onyx teamed with Invesco to buy the Meadows Office Complex in Rutherford and Invesco separately bought Eagle Rock Executive Offices IV in East Hanover.

The signings leave Rockaway 80 with 66,000 sf still available, divisible to 2,700 sf. Gaffney and Staskiewicz of the Woodbridge-based Schultz Organization have the exclusive leasing assignment.