Seven leases totaling 90,000 square feet at The Grand in Parsippany have been arranged, according to a Monday announcement from Cushman & Wakefield.
The office campus located at 300 Interpace Parkway and One Upper Pond Road has recently had capital improvements completed including a new tenant lounge dubbed “GRAND Central” which contains gaming areas, a café, shared conferencing/training rooms and collaborative meeting spaces. The property also benefits from a large fitness center, outdoor dining terrace, a new waterside deck known as “The Grove” and a two-tiered pond with a pergola and seating.
Cushman & Wakefield’s Charles Parmelli, William O’Keefe and Bill Brown represented the landlord, P3 Properties, in the transactions.
Headlining the new leasing activity is RF Industries, a manufacturer of electronic hardware used in wired and wireless communications networks, as well as Extremity Medical, a medical device manufacturer, who combined will occupy 60,000 square feet. Several other leases, including a mix of new deals as well as renewals, combine for an additional 30,000 square feet.
“We are thrilled to welcome our new tenants to The Grand, which recently completed major capital improvements resulting in the addition of new state-of-the-art amenities both inside and outside the property,” Parmelli said. “The Grand’s extensive renovations have cemented the property as not only a best-in-class headquarters office location but also a space for emerging technology companies with lab and R&D operations like RF Industries. The building’s flexible zoning, freight elevators and loading docks combined with top-tier amenities creates a high-quality and functional environment that exists in very few office locations.”
The property is strategically located near Interstates 287 and 80 allowing for convenient access to the surrounding New Jersey and New York areas.
“We recently concluded a multi-million-dollar modernization program to provide our tenants with a best-in-class office experience,” Harvey Rosenblatt, CEO of P3 Properties stated. “With the addition of our new tenants and our commitment to emerging technology and lab companies, The Grand remains at the forefront of innovation.”