-- 150,000-sf Class A office property at 1095 Morris Avenue entitles tenants to TOD state incentives through Grow New Jersey program --
Parsippany, NJ – March 2, 2016 – Colliers International Group Inc. has been retained by ownership as the exclusive leasing agent for 1095 Morris Avenue, a 150,000-square-foot, Class A office property in Union, New Jersey. As part of the new campaign, Colliers has repositioned the property — renamed Union Station Corporate Center — as it is located across the street from the Union Train Station and provides premiere office space in the market.
The Colliers International team led by Executive Managing Director Richard Mirliss, along with Associates Alex Vitro, and Jack Callahan will serve as exclusive leasing agents for the property on behalf of the Lamar Companies.
Formerly occupied by Merck, the site recently underwent a $2.5-million upgrade to its lobby and common areas. The building features a shared conferencing facility, with a planned cafeteria and fitness center with men’s and women’s locker rooms. Tenants have the opportunity to occupy the entire four-story building or divide down to as low as 3,000 square feet.
Given the building’s location, tenants are also eligible to tap significant Transit-Oriented Development incentives under the state’s Grow New Jersey initiative, providing an opportunity to lease high-end space at value pricing.
“The Union Station Corporate Center offers a level of value that would be difficult to match in virtually any real estate marketplace in the country,” Mirliss said. “Situated close to both mass transportation and highways, tenants will occupy Class-A space at a reduced net effective rent. This will place tenants in an ideal position to more fully dedicate their resources to the success of their enterprise.”
Mirliss also noted that the repositioned Union Station Corporate Center has rapidly drawn attention from prospective tenants across a wide spectrum of business sectors, including life sciences, law, financial services, engineering, and others.
In addition to its proximity to the Union Train Station, the building is close to the Garden State Parkway and Route 78, with shopping and restaurants nearby on Morris Avenue, and across the street from Kean University.
About Colliers International Group Inc.
Colliers International Group Inc. (NASDAQ: CIGI; TSX: CIG) is a global leader in commercial real estate services with more than 16,300 professionals operating from 502 offices in 67 countries. With an enterprising culture and significant insider ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include brokerage, global corporate solutions, investment sales and capital markets, project management and workplace solutions, property and asset management, consulting, valuation and appraisal services, and customized research and thought leadership. Colliers International has been ranked among the top 100 outsourcing firms by the International Association of Outsourcing Professionals’ Global Outsourcing for 10 consecutive years, more than any other real estate services firm.
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