JLL Secures Lease Extension for Symrise at Park 80 West Plaza One
LL has been selected by Rudin Management Company to lease 80 Pine Street, a Class A, 1.21 million-square-foot office building, located in Manhattans Financial District.
EAST RUTHERFORD, N.J., August 6, 2020 — JLL has completed a transaction for Symrise Inc. at Park 80 West Plaza One, 250 Pehle Avenue in Saddle Brook, N.J., with building owner Galil Management LLC. The global supplier of fragrances, flavors, food, nutrition and cosmetic ingredients signed a lease extension for 21,062 square feet at the 200,000-square-foot office building.
Symrise, the tenant, was represented by Andrew Zezas and Scott Lesh, managing directors, both with JLL. Building owner Galil Management was represented by Donald Sperling, senior vice president, and Robert Norton, first vice president, with CBRE Group Inc.
“Symrise chose to remain at Park 80 West due to the complex’s central location to major highways and its proximity to the company’s clients and employees,” said Zezas. “The company also appreciated Galil Management’s hands-on management style, and the base building improvements the building owner has completed at the property in the past few years.”
Symrise inked a long-term lease extension for 21,062 square feet of office space and will continue to occupy the second floor at Park 80 West Plaza One, which is located within the Park 80 West complex at the conjunction of the Garden State Parkway, at Exit 159, and I-80, at Exit 62A.
The eight-story 80 Park West Plaza One and the 11-story 80 Park West Plaza Two comprise the 511,600-square-foot Park 80 West complex in Saddle Brook, N.J. Plaza One was constructed in 1971 and Plaza Two was constructed in 1981. The area surrounding the property includes hotels such as the Saddle Brook Marriott, which is located directly across the street, and shopping meccas and countless dining options at retail centers such as Garden State Plaza and Riverside Square Mall.
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 nearly 93,000 as of June 30, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
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Brother Industries Ltd. is a Japanese multinational electronics and electrical equipment company headquartered in Nagoya, Japan. Its products include printers, multifunction printers, desktop computers, consumer and industrial sewing machines, large machine tools, label printers, typewriters, fax machines, and other computer-related electronics. Brother distributes its products both under its own name and under OEM agreements with other companies.