X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

PARSIPPANY, NJ-Process outsourcing firm Solix Inc. has leased 56,000 square feet for its headquarters at 30 Lanidex Plaza here. The local relocation consolidates two operations from Whippany to the class A property, which owner Ivy Equities has redeveloped to meet LEED green building certification requirements.

Peter Hamburger, Robert Rudin, Walter Schoenberg, Harlan Hollander and Jan Randall of Cushman & Wakefield’s East Rutherford office represented Solix in the long-term, full-building transaction. Susan Mason from Jones Lang LaSalle brokered the lease for Ivy Equities. While C&W would not disclose the rental rate, nearby properties at 500 and 400 Lanidex Plaza have rents around $22 a square foot.

Solix hoped to achieve several objectives with its move, Hamburger tells GlobeSt.com. “They wanted to be in their own building, and they hoped that it would be LEED certified.” he explains. “Of equal importance, they were looking to establish a relationship with a flexible landlord that could work with them to meet their unique needs as their business model grows in the coming years.”

Solix will relocate to the property in two phases this fall and next spring. The company provides solutions for program administration, with an emphasis on eligibility determination, funds distribution, grant administration, managerial reporting and compliance reviews.

According to Peter Tyrrell, the firm’s general counsel, the property is well-suited to meet Solix’s needs. “Cushman & Wakefield made a great partner in helping us identify a property befitting our corporate culture,” he says. “We are especially pleased to be able to offer our employees a green workplace designed from the ground up to meet our needs.”

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
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

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 © 2021 ALM Media Properties, LLC. All Rights Reserved.