PARSIPPANY, N.J., Feb. 16, 2018 - John Guest USA, Inc. has leased 60,600 square feet at 20 East Halsey Road in Parsippany. The plumbing and industrial products manufacturer will relocate its North American headquarters operation to the Morris County industrial/flex property from Fairfield, N.J., in an expansion play, according to Colliers International NJ LLC (NASDAQ: CIGI, TSX: CIG).
Colliers' John Donnelly, based in the global commercial real estate services firm's Parsippany office, represented John Guest USA in orchestrating the long-term lease. Thomas Consiglio and Scott Peck from Resource Realty served as brokers for property owner GTJ REIT.
According to Donnelly, John Guest USA's growth in the plumbing market required an expanded space, driving the Northern New Jersey search for a new headquarters location. "My client [Byron Woodard, President of John Guest North America] wanted to elevate the brand's presence commensurate with their growth trajectory at a high-profile, stand-alone facility," he said. "The property at 20 East Halsey Road met these specifications beautifully, offering a large multi-purpose space, building signage and visibility from I-287. GTJ Management recently renovated the building - raising the roof, upgrading the power and sprinkler systems, and updating the landscaping program. That proactive move played a big part in securing John Guest USA's commitment."
Additionally, the property offers a generous, 15,000-square-foot office component, extra parking capacity and future building expansion potential. Donnelly noted that these features will enable his client to grow in place. John Guest, the manufacturer of push-fit fittings, valves, PEX pipe and LLDPE tubing will occupy its new space during the second quarter of 2018.
-- End --
About Colliers International Group
Colliers International Group Inc. (NASDAQ: CIGI; TSX: CIG) is an industry leading global real estate services company with more than 16,000 skilled professionals operating in 66 countries. With an enterprising culture and significant employee ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting.
Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice that help clients accelerate their success. Colliers has been ranked among the top 100 outsourcing firms by the International Association of Outsourcing Professionals' Global Outsourcing for 11 consecutive years, more than any other real estate services firm.
For the latest news from Colliers, visit Colliers.com or follow us on Twitter: @Colliers and LinkedIn. To see the latest news on Colliers International in New York, follow @Colliers_NYC and Twitter.
For further information, please contact:
Evelyn Weiss Francisco, Vice President