MDC repositions 5 Garret Mountain Plaza to create ‘live-work-play’ environment

By Emily Bader
Woodland Park | Jun 10, 2019 at 7:00 am

Real estate company Mountain Development Corp. announced Friday it has repositioned 5 Garret Mountain Plaza in Woodland Park to create a unique “live-work-play” environment.

The building, MDC said, “presents a unique opportunity for a major employer to establish a high-profile corporate identity and visibility in a fully modernized office building.”

The Class A, free-standing, 101,880-square-foot property is part of a 30-acre, 401,000-square-foot, three-building campus owned by MDC, it said.

The building is set to undergo a rehaul, according to David Simson, vice chairman and chief operating officer of Newmark Knight Frank‘s New Jersey office, including a complete renovation, first-class amenities, a rooftop deck and a HVAC Building Management system. NKF is serving as the exclusive leasing agent for the property.

“Today’s workforce is younger than ever before, and companies often are challenged to find buildings that offer millennial employees a collaborative, productive work environment backed by a full complement of dynamic lifestyle amenities including a gym/health club, collaboration areas, lounge and eateries,” Simson said. “The redevelopment of 5 Garret Mountain Plaza will allow a single or anchor tenant to create a fully-customized ‘live-work-play’ environment along with the significant benefit of establishing a strong brand identity.”

NKF said it is looking for a tenant to take over the space of no less than 50,000 square feet. The building was previously 100% leased to Cytec Industries. This is the first time it has become available since it was built, NKF said.

“This space is ideal for the tenant that has a real vision for the future,” Simson said. “A company that establishes a presence here will benefit from having their name on the building, fully visible when exiting I-80. There are simply no other free-standing buildings of this size located directly off I-80 that offer a tenant this kind of access and exposure.”

5 Garret Mountain Plaza is within close access to routes 3, 46, 4, 17 and 80; the Garden State Parkway and the New Jersey Turnpike.

“5 Garret Mountain Plaza has always been a treasured part of our portfolio,” Michael Seeve, MDC’s president, said. “We look forward to working with a future tenant to help create their state-of-the-art office space, and transform this asset into one of Northern New Jersey’s most desirable office settings.”

Emily Bader | ebader@roi-nj.com | emilybader