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News release

EAST RUTHERFORD

JLL to Consult with United Way of Northern New Jersey on Portfolio Optimization

Firm selling Cedar Knolls property; JLL to advise United Way on overall consolidation strategy


EAST RUTHERFORD, NJ, May 15, 2017JLL was selected by United Way of Northern New Jersey as consultant to help the nonprofit re-envision the number, location, and type of office spaces needed to best serve the northern New Jersey region. The sale of one commercial condominium at 222 Ridgedale Avenue in Cedar Knolls will help the nonprofit optimize resources.

The JLL professionals overseeing this assignment include Jonathan Meisel, managing director, and Conor Dolan, associate. They will work closely with John Franklin, CEO, with the United Way of Northern New Jersey.

"JLL is advising United Way of Northern New Jersey regarding the optimal configuration and location for its operations," said Meisel. "The nonprofit currently has six offices throughout the region and is looking to consider alternatives that allow the maximal use of resources to address the needs of the community. The sale of the Cedar Knolls property will better position the nonprofit to serve all the communities in the region."  

"It's an incredible opportunity to work with United Way to help the organization continue its charitable efforts in New Jersey," said Dolan.

United Way of Northern New Jersey was formed in 2011 when five United Ways merged, bringing together Morris, Somerset, suburban Essex, Sussex and Warren counties. A sixth community — Millburn-Short Hills — joined the regional entity in January 2014.

The regional nonprofit operates offices in Essex County at 60 South Fullerton Avenue in Montclair and at 44 Main Street in Millburn; in Morris County at 222 Ridgedale Avenue; in Somerset County at 1011 U.S. Route 22 West in Bridgewater; in Sussex County at 2 Spring Street in Newton; and in Warren County at 699 Washington Street in Hackettstown.

The nonprofit is selling a 5,767-square-foot condominium unit at the Class A, 222 Ridgedale Avenue, which is located between Hanover Avenue and Vista Drive in Cedar Knolls, just minutes from downtown Morristown. The three-story, 20,836-square-foot office building was constructed in 1985.

About United Way of Northern New Jersey

United Way of Northern New Jersey is a nonprofit organization working to improve people's lives and strengthen communities by focusing on Education, Income, and Health. These are the building blocks for a good life – a quality education that leads to a stable job; the tools needed to achieve financial stability; and good health. We lead caring communities to create long-lasting changes that transform people's lives. Together, united, we can inspire hope and create opportunities for a better tomorrow. United Way of Northern New Jersey serves Morris, Somerset, Sussex, and Warren counties as well as portions of suburban Essex County, including the Caldwells, Cedar Grove, Essex Fells, Fairfield, Glen Ridge, Livingston, Millburn-Short Hills, Montclair, Roseland, and Verona. Give. Advocate. Volunteer. LIVE UNITED. To learn more, call 973.993.1160 or visit www.UnitedWayNNJ.org.

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 $136 billion. At the end of the first quarter of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of more than 78,000. As of March 31, 2017, LaSalle Investment Management had $58.0 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 www.jll.com.​