Thank you for sharing!

Your article was successfully shared with the contacts you provided.

PARSIPPANY, NJ-Quadrant HealthCom Inc. has leased 22,306 sf of office space at 7 Century Dr., a 66,000-sf building here. For the multimedia medical publications company, taking the building’s entire third floor adds up to a significant headquarters expansion.

“Quadrant’s growth and recent acquisition of a competing company required them to expand their headquarters by more than 6,000 sf,” says Peter Rasmusson of Grubb & Ellis’ Fairfield office, who teamed with Craig Fitzpatrick to broker the deal. “The landlord’s attractive terms and the size of the remaining space were a good fit.”

The building’s owner is KF Schoolhouse LLC, an affiliate of the Bridgewater-based SK Properties. The latter acquired the property in 2002 from an investment partnership made up of Lincoln Property Co. and Goldman Sachs for $7 million, and subsequently renovated the asset. Terms of Quadrant’s expansion lease were not made available.

Built in 1979, the three-story 7 Century Dr. is now 100% leased. Besides Quadrant, other major tenants include the law firm of Fein, Such, Kahn & Shepard, and the Tactical Advantage Group, a medical consulting company.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.