Quintessence Fragrances signed a 9,000-square-foot lease to bring its U.S. headquarters to Montville, according to a Tuesday announcement from Diversified Properties, which helped facilitate the transaction.
Quintessence Fragrances, a U.K.-based global fragrance house that has been in business for over 40 years, plans to establish its U.S. headquarters and Creative R&D Center at the Montville location. Its new headquarters will house sales, administration, marketing, evaluation and perfumery staff.
Tom Consiglio and Greg Sabato of Resource Realty brokered the transaction between Diversified Properties and Quintessence Fragrances.
Located at 1 Indian Lane, just off Route 202 nearby Exit 47 on Interstate 287, the property is a single-story, industrial building featuring modern offices, a loading dock and a direct entry overhead door.
In 2022, Diversified Properties acquired the asset as a key addition to its growing portfolio of Morris County industrial properties. At the time, it was fully occupied by an existing tenant that was scheduled to vacate its space upon the conclusion of its lease at the end of 2022.
The new lease with Quintessence Fragrances highlights the strong demand for industrial space in the region and Diversified Properties’ ability to create value through strategic real estate investments and hands-on asset management.
“Our unique space needs meant it was critical that our new U.S. headquarters and Creative R&D Center had the ideal balance of location and adaptability,” Jennifer Russell, senior vice president of fragrance evaluation & marketing as well as managing director in the U.S. for Quintessence Fragrances, said. “After visiting 1 Indian Lane and meeting the Diversified Properties team, it was clear that the building perfectly fit our needs and we’re thrilled to begin our work in crafting memorable fragrances for our customers in the U.S.”
Nicholas Minoia, founder and managing partner of Diversified Properties, added: “When we acquired 1 Indian Lane back in 2022, we knew that its strategic location and adaptability made an ideal home for the wide range of businesses hoping to find their homes in Morris County. Our ability to fully lease the building less than six months after our acquisition highlights its broad appeal in the regional industrial market. We’re thrilled to welcome Quintessence Fragrances to Montville and are excited for them to begin utilizing their space.”