"The building [2 Gatehall Drive] wasn't on the market yet, butunder contract to the partnership that owns it, and that helpedfacilitate this transaction," according to Trammell Crow SVP FrankTruesdell, who teamed with TC's Douglas Gaffney and Thomas Fischerto do the deal. The company's Northeast Metro operations are basedin Chatham, NJ.
The property is owned by Two Gatehall Associates LLC, a MorganStanley, Gale & Wentworth real estate fund. Gale &Wentworth's Tim Conklin, Rick Genthe and David Welsh representedthe owner.
Besides the space requirement, Champion, a home equity andcustom mortgage lender, also wanted to stay near its home turf inParsippany, and it had a parking requirement of more than 4.5 carsper 1,000 rentable sf.
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