Wm. Blanchard Co. Selects JLL to Lease 10 Park Avenue in Morristown, NJ

10/11/17

JLL to market 154,777-square-foot, Class A office building near downtown Morristown

JLL was selected by Wm Blanchard Co. as exclusive leasing agent for 10 Park Avenue in Morristown, N.J. The company will provide a full range of leasing and marketing services for the 154,777-square-foot, Class A office building.

The JLL team overseeing the new assignment include Daniel Loughlin, internationaldirector and head of office brokerage in New Jersey; Charlie Dillon, executive vice president; Bob Ryan, senior vice president; and Jason Benson, associate vice president.

“10 Park Avenue is strategically located at the interchange of Route 24 and Columbia Turnpike,offering headquarters-quality space, branding/signage visibility and access to the shopping and dining amenities of downtown Morristown and Madison,” said Loughlin. “The Blanchard Family,a highly reputable owner, recently completed a full-lobby renovation at 10 Park Avenue and is currently undertaking base building upgrades of the restrooms and elevator cabs, café, fitness center and conference center. The Blanchard Family will also be funding the tenant improvement packages required to secure high-valued tenants.”

The three-story, 154,777square-foot 10 Park Avenue was constructed in 2001. The building offersan ideal location on the Route 24 corridor with easy access to Route 10, I-287 and I-80 via Whippany Road with an on-site traffic officer presence during rush hour. Located on 8.69 acres at the intersection of Park Avenue and Columbia Turnpike in Morristown, the property is just two miles from downtown Morristown, and two miles from NJ Transit’s Convent and Morristown stations.

Amenities at 10 Park Avenue include nearly 600 parking spaces, on-site property management, a full service café, a conference center, adata center, fitness facilities with lockers and showers, a back-up generator and outdoor seating.

JLL is a leader in the northern/central New Jersey commercial real estate market, with more than 1,000 professionals and support staff providing agency leasing and property marketing, tenant representation, industrial services, strategic consulting, occupancy planning, workplace strategies, project and development services, property and facility management, and investment sales/capital markets services to New Jersey's leading corporate tenants, investors and landlords. The firm, which assists clients from three full-service offices in Parsippany, Iselin (Metropark) and East Rutherford, also acts as a local service provider for JLL’s global and national corporate clients in need of real estate assistance in New Jersey. JLL’s New Jersey operations were honored by NJBiz magazine as one of its 2015 Best Places to Work in New Jersey.

About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. A Fortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2016, JLL had revenue of $6.8 billion and fee revenue of $5.8 billion and, on behalf of clients, managed 4.4 billion square feet, or 409 million square meters, and completed sales acquisitions and finance transactions of approximately $145 billion. At the end of the second quarter of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of nearly 80,000. As of June 30, 2017, LaSalle Investment Management had $57.6 billion of real estate under asset management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit ir.jll.com.

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