News: Brokerage

Foley, Marx and Messina of Savills Studley secure 82,092 s/f for Securitas

In a major Northern New Jersey office move, Securitas Security Services USA, Inc., a global knowledge leader in security, has executed an 82,092 s/f office lease to relocate its North American Headquarters to 9 Campus Dr. The new office space will keep Securitas' Eastern Operations Center in Morris County, and will house 225 employees on three full floors and a portion of the ground level at the four-story, 156,495 s/f class A office property. A Savills Studley team of senior managing directors Daniel Foley and Christopher Marx, along with Joseph Messina (formerly an executive managing director at Savills Studley) arranged the 15-year transaction for Securitas, while Mitchell Hersh, Diane Chayes and Brian Decillis represented the landlord, Mack-Cali Realty Corp., in-house. According to Foley, Securitas wanted to enhance their corporate image in a prestigious building, geographically appealing to their existing employees. "Securitas had clear goals to be in a first-class environment, and 9 Campus Drive was a perfect fit," he said. "We were able to secure premier, class A space at favorable terms that met the company's criteria." Marx said, "In addition to providing a superior corporate image, this relocation enables Securitas to leverage the current tenant market to secure lease flexibility and upgrade their facility." Located directly off I-287, the building at 9 Campus Drive features a recently-renovated lobby and common areas, as well as on-site amenities, such as a Grab-and Go Cafe and new Fitness Center. Securitas has more than 640 local branchs and employs approximately 86,000 Security Officers throughout the U.S. The company operates in all 50 states with branch locations in over 200 cities.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent