Transwestern Named Exclusive Leasing Agent For 164,000-Square-Foot Building In Premier Corporate Park

PARSIPPANY, N.J., Jan. 16, 2013 /PRNewswire/ -- Transwestern's New Jersey office today announced that the firm has been named the exclusive leasing agent for 299 Webro Road in Parsippany, N.J., a 164,000-square-foot building on 11.28 acres.

299 Webro Road is situated within a premier Fortune 500 corporate park in the Eastern Morris submarket in New Jersey and offers prospective tenants a mix of office, warehouse and high-tech space. It is strategically located directly off of Interstate 287 and its junction with Interstate 80, with easy access to Routes 46, 10 and 24. Its immediate surrounding area includes a number of amenities, such as the Sheraton Parsippany and Hyatt House hotels and a retail center with banks, restaurants and child care.

"Beyond its convenient location and quality amenities, the property offers an ideal setting for tenant corporate headquarters with customizable, divisible and operationally diversified space," said Lori Zuck, managing director in Transwestern's New Jersey office. "The flexible space could be used for office, warehouse/distribution, high-tech, assembly, light manufacturing, engineering, schools, training centers, call centers, software companies, government agencies, disaster recovery, pharmaceutical, etc."

The building features up to 80,500 square feet of office space, 83,500 square feet of industrial/tech space, 22' clear ceiling height, 320 car parking, two 2,000 amps services at 480 volts and eight loading docks.

The leasing team includes Zuck, Alex Previdi and Jim Byron of Transwestern.

"This project marks another significant assignment for Transwestern in New Jersey since establishing its Northeast presence in 2011 with the opening of offices in New York City, Connecticut and New Jersey," said Jim Postell, principal of the New Jersey office. "Our experienced agency teams serve as the exclusive leasing agents for a variety of properties in New Jersey, including two Class A office properties: 300 Kimball Drive in Parsippany, N.J. and 105 Challenger Road in Ridgefield Park, N.J."

Transwestern operates 33 corporate offices across the U.S. and currently leases and manages more than 1,300 properties, representing 271 million square feet of office, industrial and retail space. In 2011, Transwestern completed leasing, sales and finance transactions totaling $6.46 billion.

ABOUT TRANSWESTERN
Transwestern is a privately held real estate firm specializing in agency leasing, property and facilities management, tenant advisory, capital markets, development, research and sustainability. The fully integrated enterprise leverages competencies in office, industrial, retail, multifamily and healthcare properties to add value for investors, owners and occupiers of real estate. Transwestern facilitates better decision-making for clients by combining penetrating local market intelligence and macro-market research through its affiliate, Delta Associates. Transwestern has 33 U.S. offices and assists clients through more than 180 offices in 36 countries as part of a strategic alliance with Paris-based BNP Paribas Real Estate. For more information, please visit www.transwestern.net and follow us on Twitter: @Transwestern. Follow the Transwestern New York office on Twitter: @TranswesternNYC.

Media Contact:
John Yocca, Beckerman
201.465.8018
jyocca@beckermanpr.com

SOURCE Transwestern



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