Member News — Following Successful Renovation, Denholtz Associates Signs Leases for Over 16,000 Square Feet at its Bernardsville, N.J. Office Building
June 20th, 2018
Denholtz Associates, a privately held, fully integrated real estate development, investment and management company, announces six office space leases totaling 16,814 square feet at the firm’s newly renovated office building at 150 Morristown Road in Bernardsville, New Jersey.
Denholtz Associates recently completed a half-million-dollar capital improvement project at the two-story, 54,599-square-foot Class-A office building creating a modern and flexible office space. The improvement project included significant upgrades to the lobby, including an addition of a media wall, new healthy vending options, new lighting, new contemporary furniture and fixtures, new flooring, and upgraded HVAC, and replacement of the existing walkway. A new café/lounge seating area was also added to create an open communal space that allows tenants to grab a healthy snack, unwind or catch up on the news.
The contemporary design and flexible spaces enabled Denholtz to negotiate leases with a wide range of companies through the first quarter of 2018. New tenant, PPT Management, a physical therapy company, signed a lease for 2,600 square feet of office space while lease renewals were executed for the following companies:
• 5,886 square feet with insurance brokerage, AmWINS Brokerage of New Jersey
• 3,028 square feet with Decile.Ten Communications, a boutique medical education agency
• 3,000 square feet with College Counseling Associates, a college preparation company
• 1,550 square feet with Multi Media Exposure, a marketing and branding agency
• 750 square feet with Varian Law, LLC, a real estate law firm
“At Denholtz Associates, it’s our focus to continuously assess the marketplace and identify the ways in which we can better meet the requirements of our current and prospective tenants, and position our buildings to reflect such demands,” said Kristine B. Hurlbut, Senior Vice President of Leasing at Denholtz Associates. “This focus enables us to consistently maintain high occupancy in our office buildings and deliver value back to our investors.”
In addition to its new features, the building boasts flexible units ranging from 800 to 6,000 square feet and is located in the heart of Somerset County, just minutes from downtown Bernardsville and six miles from downtown Morristown. The location offers immediate access to Route 202 and easy access to Routes 24 and 206 and I-78 and I-80.
David Zimmel of Zimmel Associates represented Denholtz Associates in the transactions.
Questions regarding available leasing opportunities at 150 Morristown Road should be directed to David Zimmel of Zimmel Associates at 732-906-1200.
To stay connected with Denholtz Associates and for updates on the latest transactions and news follow Denholtz on Facebook (www.facebook.com/DenholtzAssociates), Twitter (@DenholtzRE), and LinkedIn (www.linkedin.com/company/Denholtz-Associates).