JLL Secures 113,496 Square Feet for LIXIL Corporation in Piscataway, New Jersey
Global pioneer of water and housing products inks lease for 60,270 square feet at 30 Knightsbridge Road and renews 53,226 square feet at 865 Centennial Avenue
EAST RUTHERFORD, N.J., December XXXX, 2020 — JLL has completed two new transactions, totaling 113,496 square feet, for the LIXILCorporation in Piscataway, New Jersey. The water technology company known for its kitchen and bath brands American Standard, GROHE and DXV signed a new lease for 60,270 square feet at 30 Knightsbridge Road and inked a renewal for 53,226 square feet at 865 Centennial Avenue.
LIXIL was represented in both transactions by JLL’s Scott Lesh, managing director; and Scott Stange and Brian Davison, senior vice presidents.
“With a fresh perspective on how to help employees achieve their full potential, we worked closely with the LIXIL team to ensure we could deliver on a new office space that fits all of their needs,” said Lesh. “We’re pleased we found the perfect spot to foster collaboration and productivity for the optimal work experience.”
LIXIL signed a new, long-term lease for 60,270 square feet of office space with building owner Keystone Property Group and will occupy the entire second floor at the 280,000-square-foot 30 Knightsbridge Road, which is located between Centennial Avenue and Route 18 in Piscataway. The building owner was represented by Jon Meisel, senior vice president of CBRE Group Inc.
In addition, LIXIL inked a long-term lease renewal for 53,226 square feet of office, research and development, and showroom space with building owner Onyx Equities LLC at 865 Centennial Avenue, which is located at the intersection of Centennial Avenue and Knightsbridge Road, adjacent to I-287. The global pioneer of water and housing products occupies the entire single-story flex building. Onyx Equities was represented in-house by Jonathan Schultz, principal; and Jonathan Davis, senior vice president.
JLL is a leader in the northern/central New Jersey commercial real estate market, with more than 1,260 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 debt and equity services to New Jersey's leading corporate tenants, investors and landlords. The firm, which assists clients from five full-service offices in Parsippany, Iselin (Metropark), Princeton, Morristown 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. NJBiz ranked JLL’s New Jersey operations as the No. 1 commercial real estate brokerage in the Garden State in 2020.
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 $18.0 billion in 2019, operations in over 80 countries and a global workforce of over 92,000 as of September 30, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.