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Duff & Phelps Renews 33,000 SF Morristown Office Lease At Headquarters Plaza

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LEASED

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Office33,000 SF
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LEASED

Duff & Phelps Renews 33,000 SF Morristown Office Lease At Headquarters Plaza

300 Headquarters Plaza, Morristown...

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Office33,000 SF
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Summary

Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:33,000 SF
Transaction Type:Lease

The office lease transaction at 300 Headquarters Plaza in Morristown, encompassed a 33,000-square-foot property. Duff & Phelps, the tenant, renewed their lease for the two full floors they occupy within the 571,000-square-foot office tower owned by Olnick Organization and Fisher Development Associates.

Summary of transation details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Tenant: Duff & Phelps
  • Landlord: Olnick Organization, Fisher Development Associates
  • Square Feet: 33,000
  • Tenant's Rep: Richard Mirliss (P & M Advisors)
  • Landlord's Rep: Robert Donnelly, Jr. (Cushman & Wakefield)

The deal was brokered by Colliers International NJ LLC Inc. and JLM Partners, LLC serving as tenant representatives and Robert Donnelly, Jr. and Ben Brenner from Cushman & Wakefield representing the landlord. The lease renewal underscored Morristown's appeal as a prime location for Duff & Phelps, offering CBD amenities and a vibrant atmosphere that align with the firm's talent retention strategy.

Players

Robert Donnelly, Jr.
3 deals
BROKER

Richard Mirliss
P & M Advisors
4 deals(646) 762-3450
BROKER

LANDLORD

Details

LEASED
IMAGE: 300 Headquarters Plaza, Morristown... ASSET TYPE: Office TENANT'S REP: Richard Mirliss(P & M Advisors) LANDLORD'S REP: Robert Donnelly, Jr.(Cushman & Wakefield) TENANT: Duff & Phelps LANDLORD: Olnick Organization, Fisher Development Associates SQUARE FEET: 33000

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Deal Type
Effective Rent (Annual)

$1,891,540.09

Total Lease Value

$18,915,400.86

Net Landlord Cash Flow$1,891,540.09