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News release

EAST RUTHERFORD, NJ

JLL Secures 70,863 SF at 5 Paragon Drive in Montvale, NJ, for FC USA

Global travel brands to relocate headquarters to Class A, 119,254-SF office building; new space divided into regions to evoke “Tour of the World”


EAST RUTHERFORD, N.J., February 8, 2016 — JLL has completed a new, direct transaction for FC USA Inc. with building owner Lone Star Funds at 5 Paragon Drive in Montvale, N.J. The company, with more than a dozen brands in its portfolio, including Liberty Travel, signed for 70,863 square feet at the Class A, 119,254-square-foot commercial office building.

The tenant, FC USA, was represented by Phillip Lipper, executive vice president, and Thomas Reilly and Scott Lesh, managing directors, all with JLL. Building owner Lone Star Funds was represented by Gregory Barkan, senior vice president, with CBRE Inc.

“FC USA was looking for larger premises that could accommodate its vision for a headquarters that would reflect the company’s brand and mission,” said Lipper. “JLL was able to find an ideal location at 5 Paragon Drive. JLL will also oversee the renovation effort. Once FC USA’s space is completed, a tour of its new headquarters will be like taking a trip around the world.”

FC USA signed a 15-plus-year lease for 70,863 square feet of office space and will occupy a portion of the first floor and the entire second floor at 5 Paragon Drive, which is located near the intersection of Paragon Drive and West Grand Avenue. The company is relocating from its previous offices at 69 Spring Street in Ramsey, N.J.

The interior renovation project will entail a gut renovation of the entire second floor and a portion of the first floor. The design is based on a “Tour of The World” and FC USA’s offices will be divided into global regions: the United States, Africa, Southeast Asia, Western Europe, Middle East, the Caribbean, Scandinavia and Australia. The main corridor will be called “The Equator” and the lounge will be named “The Lido Deck.” The design eschews physical barriers between regions, preferring to create a separation with rooms and building elements. Each region’s color scheme of materials and finishes and branding/graphic images will reflect that area’s design flavor and aesthetics.

JLL was selected as project manager for the interior renovation effort, as well as to provide energy and sustainability services to assist FC USA in meeting U.S. Green Building Council standards for Leadership in Energy and Environmental Design Silver Certification for Commercial Interiors. JLL will manage all aspects of the build-out, incorporating ESS technology and standards to ensure the client’s space achieves LEED certification. The effort will be led by John Vivino, vice president, and Jasmine Amoso, senior project manager, both with JLL.

Daniel Breen, executive vice president and head of JLL’s Business and Economic Incentives group in the tri-state region, was instrumental in obtaining incentives for the project.

The two-story 5 Paragon Drive in Montvale, N.J., was constructed in 1984 and sits on 16.57 acres of land located a few blocks from Exit 172 off the Garden State Parkway.

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 FC USA Inc.
FC USA Inc., a wholly owned subsidiary of Flight Centre Limited in Australia, includes 14 brands spanning retail, wholesale and corporate travel.  Its brands include Liberty Travel, GOGO Vacations, Worldwide Traveler, FCm Travel Solutions, Corporate Traveler, ciEvents, Stage and Screen Travel Services, Travel Associates, Campus Travel, Flight Center, Student Universe, 4th Dimension (4D) Business Travel Consulting, FCBT, and Travel Money.  FC USA has its headquarters in New Jersey, in addition to businesses operating across the country in 24 states and Washington, D.C.

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. A Fortune 500 company with annual fee revenue of $5.2 billion and gross revenue of $6.0 billion, JLL has more than 230 corporate offices, operates in more than 80 countries and has a global workforce of more than 60,000.  On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. Its investment management business, LaSalle Investment Management, has $56.4 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.