LAN Associates is staying at its Midland Park headquarters, it announced Wednesday, with the signing of a new 10-year lease extension.
“Following a strategic search considering all qualitative, operational and economic parameters, the partners (of LAN) made the decision to remain in Midland Park,” Marc Trevisan, executive managing director of Cushman & Wakefield, said.
Trevisan, along with David Sherman and Mark Zaziski, represented LAN in the deal. Financial terms were not disclosed.
LAN said it has plans to renovate its office, which is located at historic Marlow Park building.
“This was a big decision for LAN,” Steven Ramiza, vice president of LAN Associates, said. “We have considered many options for the company’s future and are thrilled to announce we are staying. Our success comes as a result of our staff and the community.”
Upgrades to the property will include a new office layout to LAN’s 20,000-square-foot-space to create a more interactive, open workspace, it said.
“The renovations will allow us to create an updated layout with a more open space floorplan that maximizes natural light within the space,” said Laura Schluger, Associate, AIA, LAN Architect overseeing the renovations. “As transformation plans have begun, our team is focusing on the current needs of the office while also making accommodations for continued growth.”
Design work is currently underway and construction is expected to begin in early 2019 with completion in the same year.