PLT Health Solutions secured a lease extension and expansion totaling 16,500 square feet of space in Headquarters Plaza in Morristown, according to a Thursday announcement from Colliers.
Colliers Executive Managing Directors Samuel Horowitz and Chris Hovanec, as well as associate Ray Iodice, represented the tenant in the transaction.
PLT Health Solutions, a discoverer, developer and marketer of ingredient solutions for the natural products, food, beverage and cosmeceuticals markets, has been a tenant at Headquarters Plaza for over 30 years. Its lease extension of 6,500 square feet of new space in the Plaza’s North Tower will accommodate its recent growth.
The North Tower is a 198,000-square-foot Class A office building with 13 floors. Headquarters Plaza is overall composed of three interconnected towers and also includes a 125,000-square-foot retail plaza featuring two full-service restaurants and a gourmet café. The Hyatt Regency Hotel is also located in the plaza and features 34,000 square feet of meeting space.
“Morristown has been the home of PLT for decades, and we consider the location perfect as a headquarters for an expanding global business — with its proximity to the infrastructure and talent pool of the New York metropolitan area and as a great lifestyle opportunity for all of us who work here,” Devin Stagg, chief operating officer of PLT Health Solutions, said.
Headquarters Plaza is conveniently located for commuters as it is walking distance to the New Jersey Transit Morristown Train Station and provides easy access to Routes 10 and 202 and Interstate 287. Located in downtown Morristown, the plaza is also walking distance to multiple restaurants, shopping destinations, banking and the historic Morristown Green.
The landlord was represented by Cushman & Wakefield Executive Managing Director Robert Donnelly and Executive Director Benjamin Brenner in the transaction.
