Mid A TLANTIC R EAL Estate Journal — New Jersey — June 8 - 21, 2012 — 5B


ORRISTOWN, NJ – More than 75,000 s/f of office space has Heller reps Freeman Products Worldwide in 44,000 s/f headquarters & regional whse. lease Cushman & Wakefield leases 75,000 s/f of office space at Headquarters Plaza M Elmwood Park, this spring in an expansion move.

the building’s lobby and com- mon areas with the addition of new granite floors and fin- ishes, a new ceiling and energy efficient lighting. RXR also added a state-of-the-art fitness center andmulti-purpose team room as amenities for tenants. Additionally, the building’s HVAC system and controls were replaced to provide im- proved comfort and individual tenant accommodation. The exterior landscaping was ex- tensively rejuvenated and the hardscaping was reworked to provide a more modern look and feel, new plantings were installed and existing water features were upgraded. The property benefits from its easily accessible location close to Routes 287 and 24, the NJ Transit Midtown Di- rect Express commuter rail in Morristown and Convent Station and the Morristown Airport. ■ Bonni Heller of Cushman & Wakefield’s East Rutherford, N.J., office represented Free- man Products Worldwide in negotiating the long-term deal. The assignment marked the continuation of a 15-year asso- ciation in which Heller has bro- kered several commitments for Freeman Products at satellite locations nationwide. Howard Weinberg and Andrew Houston of Cassidy Turley represented Walsh Drive Associates, which owns 71 Walsh Drive, in the most recent transaction. “My client’s business contin- ues to grow, and this move ac- commodates its additional space requirements while providing a desirable image, value and effi- ciency,” Heller said. “In short, 71 Walsh Drive makes sense. Be- yond that, the landlord has been responsive and accommodating in terms of updating the space, and building out executive and administrative offices to suit Freeman Products’ needs.” ■

been leased at Headquarters Plaza in the first quarter of 2012 alone, according to Cush- man &Wakefield of New Jersey, exclusive broker for the class A commercial center located in the historic Morris County City of Morristown. Nine companies have either signed, renewed or expanded leases at Headquarters Plaza in the past four months, dem- onstrating the continued appeal of the unique corporate complex and its location within a pedes- trian-friendly, downtown urban environment offering dining, shopping, entertainment and mass transportation just steps away. The tenants run the gamut of business industries, ranging from investment and accounting firms to law offices and staff- ing companies. They include Graham Curtin, Jones Trading, Morristown Capital, Teleman- agement (TM Forum), Walsh MORRISTOWN, NJ — RXR Realty LLC (“RXR”), a lead- ing real estate operating and investment company in the NewYork Tri-State region, an- nounced that it has completed a new lease with Aon at 44 Whippany Road, the Compa- ny’s showcase class A office building in Morristown. Aon, a leading provider of risk management services, insurance and reinsurance brokerage and human capital and management consulting, will occupy 31,000 s/f at 44 Whippany Road. CBRE executive vice presi- dent Edward DaCosta rep- resented Aon in the transac- tion. “This lease is a testament to the success of our renovation programat 44Whippany Road, which has been strategically enhanced to provide tenants with a best-in-class, modern work environment,” said Todd

Headquarters Plaza

& Borresen, Insight Global, Global Knowledge, and Gilford Securities. PARSIPPANY, NJ — Com-

mercial real estate services firm Cushman &Wakefield, Inc. bro- kered a 44,000 s/f headquarters and regional warehouse lease

for FreemanProductsWorldwide at 71Walsh Drive in Parsippany. The trophy manufacturer will relocate to 71 Walsh Drive from

CBRE executive vice president DaCosta represented Aon in the transaction RXR Realty announces new 31,000 s/f class A office lease with Aon at 44 Whippany Road in Morristown

44 Whippany Road

Rechler, Co-COO of RXR and president of RXR Construction and Development. Recently, RXR completed significant up- grades to 44 Whippany Road, reaching the highest level of modern Class A standards. “The numerous environ- mental improvements we have

made enhance the overall sustainability of the building, from adding energy-efficient HVAC and management sys- tems, to installing LED light- ing and water-saving restroom features. We are pleased to welcome Aon to this premier property, and are confident

that the company will benefit from this site’s upgraded fa- cilities and prime location near exceptional amenities,” added Rechler. As part of the renovation program, 44 Whippany Road underwent interior renova- tions completely redesigning

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