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.
Brooklyn, NY Marcus & Millichap brokered the sale of 733 Dekalb Ave., a fully free-market multifamily and retail property in the Bed-Stuy neighborhood. The asset sold for $2.8 million.
New York’s housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing
Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of