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News release

PARSIPPANY, NJ

JLL-Managed Building Earns TOBY Award from BOMA

Morris Corporate Center III cited as 2014 BOMA NJ Office Building of the Year in Suburban Office Park (Low Rise) Category


PARSIPPANY, NJ, November 3, 2014 — JLL announced that Morris Corporate Center III, 400 Interpace Parkway in Parsippany, was selected by the Building Owners and Managers Association of New Jersey to receive the organization’s 2014 BOMA NJ Outstanding Building of the Year Award. BOMA recognized the Class A, 530,000-square-foot office property as the best-managed building in its Suburban Office Park (Low Rise) category.

The Suburban Office Park (Low-Rise) category includes properties with two or more buildings, with the tallest building not exceeding five stories, that occupy a land mass greater than five acres and are located outside of a central business district. The TOBY Award honors the JLL team’s excellence in building management, operational efficiency, tenant retention, emergency planning and community impact.

JLL has served as property manager and exclusive leasing agent at Morris Corporate Center III since December 2007. Property management services at the complex are overseen by Dana Getz, group manager and vice president; Brian Finnerty, chief engineer; and Shannon Harrington, finance manager. JLL also serves as exclusive leasing agent for the building, with Jonathan Meisel, managing director, and Fred Hyatt, vice president, overseeing marketing and transaction services.

“JLL has implemented an aggressive capital improvement program, focused on driving added value for the property,” said Linda Aronson, managing director and head of suburban property management. “All the improvements were designed to fulfill two goals: to enhance the energy and operating efficiency of the building systems and, just as important, to ensure the work truly enriched the aesthetics of the property. The property management team, implementing JLL’s best practices, delivered the highest quality of service to tenants during this program.”

Building improvements were overseen through a partnership between JLL’s Property Management, and Project and Development Services groups, with the effort led by Getz, Jerry Sullivan, senior vice president, and Susan Pady, project manager. Ownership has made a significant investment, with completed work including new white reflective roofs; heating, ventilation and air conditioning infrastructure mechanical improvements; a fiber-optic backbone to support a campus-wide energy management system; and a renovated four-story atrium with energy-efficient LED, light-emitting diode, lighting and soft seating.

In addition, the property’s common corridors are being upgraded with new carpet, wall covering, ceiling system and energy-efficient LED lighting; and the complex’s common-area restrooms are being renovated with a new decorative accent tile in the vanity area, as well as new subway wall tile, porcelain floor tile, LED light fixtures, and quartz-infused counter tops. Building improvements will also include a new fitness center, electric vehicle charging station and enhancements to the café seating area. Additional interior and exterior projects are in the design phase. The aesthetic improvements are a collaborative effort between Gensler and JLL.

Morris Corporate Center III is a Class A, 530,000-square-foot commercial office complex comprised of four four-story buildings, connected by a grand atrium. The property is situated on a 182-acre master planned corporate campus in Parsippany and was constructed in 1988. The superbly landscaped setting includes fountains and pedestrian seating areas. The building has a three-story parking garage in addition to surface parking options. The property hosts a diversified tenant profile, as evidenced by the varied cross-section of business including communications and marketing, pharmaceutical, real estate and other professional services. The property is located within three-quarters of a mile of Exit 42 B of Interstate 80 and can be accessed via Cherry Hill Road to Interpace Parkway from the east and from Rt. 46 via Walsh Drive from the north.

JLL is a leader in the northern/central New Jersey commercial real estate market, with more than 500 professionals and support staff providing agency leasing, tenant representation, industrial services, strategic consulting, project and development services, property 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 local service provider for JLL global and national corporate clients in need of real estate assistance in New Jersey.

About JLL
JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual fee revenue of $4.0 billion and gross revenue of $4.5 billion, JLL has more than 200 corporate offices, operates in 75 countries and has a global workforce of approximately 53,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.0 billion square feet, or 280.0 million square meters, and completed $99.0 billion in sales, acquisitions and finance transactions in 2013. Its investment management business, LaSalle Investment Management, has $53.0 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.