New Jersey’s Headquarters Plaza engages JLL for property management services
JLL selected to provide property management services to the 760,000-square-foot, premier office asset located in Morristown, New Jersey, starting in June
NEW JERSEY, June 22, 2022 – JLL announced today that is has been selected to provide property management services to Headquarters Plaza, a 760,000-square-foot, premier office property located in Morristown, New Jersey.
Located on Speedwell Avenue just off the Morristown Green, Headquarters Plaza offers convenient access to NJ Transit with direct service to New York City and Hoboken. The Class A complex consists of three commercial office buildings, a retail concourse, a newly renovated 256-room Hyatt Regency Hotel and conference facilities. The property offers on-site community amenities including AMC 10-screen movie theater, a day care center, dry cleaning services, Hand and Stone Massage, Hertz Rent-a-Car and a 40,000-square-foot Crunch Fitness Center. Bars and restaurants include SM23, Mehndi and Cullin’s Fresh Gourmet with leases being negotiated for a sushi restaurant and traditional tavern set to open Spring of 2023.
The owners of the property, a partnership between the Olnick Organization and Fisher Development, continue a long-term commitment to the community, recently investing $5 million to renovate the adjacent plaza by adding planter beds, a stage and a large lawn ringed on two sides by seating areas. The newly renovated plaza is poised to be a hub for concerts and events within the community. The owners of the property are currently looking to modernize the entrances, interior lobby, cafeteria, parking garage structure and elevator vestibules to enhance services and increase amenities. Given Morristown’s continued appeal, leasing activity remains robust with Headquarters Plaza adding several new tenants in the first half of 2022.
JLL will partner with ownership to improve tenant engagement and revitalize the retail concourse and common areas to ensure that Headquarters Plaza remains the location of choice for Morris County businesses.
“JLL is proud to have been selected to manage an asset as iconic as Headquarters Plaza,” said Terry Harris, New Jersey Market Director and COO at JLL. “Our team is committed to elevating the tenant experience through technology solutions and space activation that serves to create a community within the Headquarters Plaza buildings.”
“We are delighted to have JLL as our new property management partner to serve our tenants at Headquarters Plaza at a time where Morristown is experiencing high demand for downtown office space,” said Seth Schochet, President and CEO of the Olnick Organization. “JLL’s reputation for excellence and innovative technology platforms will improve our tenant engagement, which was a big part of why JLL was chosen.”
Brian Fisher of Fisher Development added, “Morristown is undergoing a pivotal moment and Fisher/Olnick recognized the need for next-level services to support ownership through our repositioning process. JLL’s continuous flow of industry-leading ideas is the compliment we need to execute our vision. Flight to quality does not only apply to buildings. It applies to management services, as well.”
JLL’s Property Management efforts will be delivered by a 10-person management team, led by industry veterans, Christina Honthy and Scott Granat. Together, Christina and Scott will drive efforts to elevate building services, improve customer relations and overall tenant engagement.
JLL’s 2,300 property management experts in the U.S. provide comprehensive real estate services in more than 3,800 buildings totaling more than 745 million square feet.
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JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $19.4 billion, operations in over 80 countries and a global workforce of more than 100,000 as of March 31, 2022. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.