Telecommunications Giant to Occupy Almost 200,000 SF at Eastman Companies’ Class A Office Complex
LIVINGSTON, N.J. – Verizon Communications has renewed and expanded its office lease for a total occupancy of approximately 200,000 square feet at Eisenhower Corporate Campus (ECC) in Livingston, N.J. The 385,000-square-foot Class A office complex, located at 290 W. Mount Pleasant Avenue, is owned and managed by Eastman Companies along with joint venture partner Long Wharf Real Estate Partners of Boston, Mass.
Eastman Companies was represented in the transaction by the brokerage team of Jeff Garibaldi, Michael Witko and Scott Garibaldi of The Garibaldi Group, exclusive leasing agent for the property, and Eric J. Maurer, Eastman’s director of leasing. Jonathan Meisel and Fred Hyatt of JLL represented the tenant.
The lease renewal expands Verizon’s current occupancy of more than 154,000 square feet by an additional 44,000 square feet.
In 2008, Eastman Companies embarked on a multimillion dollar capital improvement campaign to completely renovate and reposition ECC in order to meet the evolving needs of today’s corporate tenants and accommodate a growing millennial workforce, according to Michael Schofel, managing partner of Eastman Companies.
“Our strategic reinvestment in ECC has played a key role in a number of new leases and renewals we have secured in recent years,” Schofel said. “Having an internationally recognized tenant like Verizon renew and expand its commitment by 40 percent is a testament to the premier business environment that we have created here. We look forward to being part of Verizon’s growth and ongoing success for years to come.”
Premier Class A Office Setting
Home to a broad range of corporate tenants – including John Hancock Life Insurance Co., Veritext and Citrin Cooperman – ECC is comprised of four interconnecting buildings set on 33.5 acres of exquisitely landscaped grounds. Campus amenities include a full-service cafeteria with catering capabilities, 24-hour security, electric car charging stations and a 600-vehicle parking structure with LED lighting and enhanced security features. In addition, the fully equipped Eisenhower Conference Center with a 200-seat auditorium is available for a variety of business functions ranging from small meetings to large corporate conferences. On-site fitness amenities include a tenant-only fitness center, personal training at It’s Beyond Fitness, indoor cycling at Hills Fit Studio and appointment-only massage services from New Jersey Massage.
Situated in the heart of the West Essex corridor, ECC is just minutes from shopping, restaurants and the county seats of Morris and Essex counties. It offers tenants direct access to Route 280 and is easily accessible to Interstates 78, 80, 287, the Garden State Parkway and Newark Liberty International Airport. The strategic location of ECC is in proximity to a number of universities and exceptional labor pools, enhancing its position as one of New Jersey’s most business-friendly and accessible office addresses.
ECC recently earned the U.S. Green Building Council’s LEED (Leadership in Energy and Environmental Design) Silver certification for Existing Buildings: Operations & Maintenance. Green actions implemented at the complex include the completion of a 420 kW solar installation project designed to provide green power, reduce the building’s carbon footprint and lower operational costs; and the addition of four electric car charging stations. In 2014, ECC received “The Outstanding Building of the Year” (TOBY) honor from the Building Owners and Managers Association (BOMA).
ECC is approaching 100 percent occupancy, with only 56,000 square feet of office space remaining. Availabilities range from small office units to a spectacular 15,400-square-foot space located on the building’s top floor. Some windowless spaces come with a view of the building’s interior atrium frontage; all three floors are open to the atrium below and each level is bordered by cascading foliage.
Some of the small offices are being marketed through Eastman’s new leasing program, “PreBuilt by Eastman.” This program provides a turnkey office solution ideally suited for professionals, solo practitioners, startup operations, entrepreneurs and branch and satellite offices. A flexible lease structure streamlines the process so tenants can move in and start working in a matter of days. The suites are leased fully furnished and decorated, and each unit includes a HP printer/scanner, a coffee brewer and a microwave. For more information, visit www.prebuiltbyeastman.com.
Headquartered in Livingston, N.J., Eastman Companies and its affiliated companies have been in business for 38 years and are recognized leaders in high-quality real estate developments with commercial properties throughout Northern New Jersey. The company boasts a portfolio of more than two million square feet of office, retail and industrial space located in Essex, Morris, Bergen and Burlington counties.