Cushman & Wakefield has been tapped by Onyx Equities and Garrison Investment Group to market a Class A office property in Paramus, the developers announced on Monday.
The five-story, 370,000-square-foot property located at 650 From Road is situated in the heart of Bergen County’s corporate and commercial corridor, with close access to the Garden State Parkway, routes 17 and 4, and Ridgewood Avenue.
Ben Brenner, David DeMatteis and Mark Zaziski of C&W will head the assignment, marketing approximately 200,000 square feet of available space.
“This is the sixth Bergen County building Cushman & Wakefield has handled for this firm, and our team is excited to capitalize on their proven success in delivering world-class workspaces to New Jersey’s most prominent companies,” Zaziski said.
The property is expected to undergo capital improvements to position it as a best-in-class multi tenant office asset.
“The ownership team has committed to invest roughly $10 million in renovations that will completely modernize the building, inside and out,” Brenner said.
Plans include a five-story “living” plant wall, reclaimed wood ceilings, a cafe with indoor and outdoor seating, a conference center, a game room, new landscape outside, outdoor WiFi, and more.
The team said that for a large-scale user committing to 70,000 square feet or more, ownership would create a “building within a building”, including a private entrance with signage.
“Not only does 650 From Road offer an unmatched image, location and array of local amenities, it is one of the few, if not only, locations in Paramus where corporate tenants can lease 200,000 square feet of contiguous space,” DeMatteis said. “In light of our previous Bergen County assignments with this ownership team, we anticipate elevated interest in this asset.”
