JLL Secures New Paramus HQ for DeCotiis, FitzPatrick, Cole & Giblin
Law firm to relocate into approximately 42,000 square feet on second floor of 61 South Paramus Road, Paramus, NJ
EAST RUTHERFORD, NJ, April 10, 2019 —JLL has completed a new transaction for DeCotiis, FitzPatrick, Cole & Giblin LLP at 61 South Paramus Road in Paramus, N.J., with building owner and venture partners Onyx Equities LLC and Garrison Investment Group. The law firm leased approximately 42,000 square feet of office space at the Class A, 286,126-square-foot office building.
The tenant was represented by Frank D. Recine, executive managing director, and Nicolas DeCotiis, associate, both with JLL. Ownership was represented by Adam Karafiol, Onyx’s senior vice president of leasing.
“DeCotiis, FitzPatrick, Cole & Giblin, a preeminent New Jersey-based law firm, went through a detailed internal evaluation in order to capture the partnerships’ vision of the future direction of the firm,” said Recine. “Recognizing the work environment is ever evolving, the partners have continued to reinvest in the firm and this large headquarters relocation demonstrates their commitment to their clients, partners and the state of New Jersey.”
“The firm found 61 South Paramus Road to be an ideal location for its new headquarters space,” said Nicolas DeCotiis. “The office building is centrally located with conveniently easy access to three major New Jersey highways, offering easy access for its clients and employees. The law firm was also attracted by Ownership’s imminent plans to upgrade the property with new amenities and services.”
DeCotiis signed an 11-year lease for approximately 42,000 square feet and will occupy the majority of the second floor at 61 South Paramus Road. The law firm is relocating its headquarters to the building from Glenpointe Centre West in Teaneck.
“While we are proud that the DeCotiis firm has outgrown our previous headquarters, securing the right new offices was key to continuing the exemplary client service and development that has brought us this far,” added Joseph DeCotiis, firm co-managing partner. “JLL met our expectations and exceeded them. We look forward to the many years spent in our new Paramus location.”
The five-story office building was acquired by the Onyx/Garrison venture in 2017. Their signature, multimillion dollar capital improvement program is underway. 61 South Paramus Road is located at the confluence of Route 4, Route 17 and the Garden State Parkway, 20 miles from Midtown Manhattan, and is surrounded by a wide variety of upscale shopping and dining options, with four nearby regional malls and 10 hotels.
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.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of over 90,000 as of December 31, 2018. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com
About DeCotiis, FitzPatrick, Cole & Giblin, LLP
DeCotiis, FitzPatrick, Cole & Giblin, LLP, is a sixty plus-lawyer, full-service firm headquartered in Teaneck, New Jersey. The firm is a group of exceptionally skilled, experienced attorneys, who practice in a wide variety of specialties. A partial list of its practice areas includes real estate, labor law, public procurement, litigation, environmental law, public finance, tax, municipal law, government and regulatory affairs, healthcare law, corporate law, banking and bankruptcy.