Wednesday, November 30, 2016

Connell Foley Leases 71,000 SF at Roseland II

New Jersey law firm Connell Foley has leased 71,000 square feet in the Roseland II office building at 56 Livingston Ave. in Roseland, NJ.

The tenant will relocate its New Jersey headquarters from its nearby location in Roseland after 30 years there, taking space on the first and second floors of the building in spring 2017 when it joins Lowenstein Sandler LLP, Brown & Brown, ME Safris and Magone & Company in the property. Additional space on the second floor and 51,000 square feet on the fourth are still available for lease.

"Our previous location served as the foundation for the growth of our firm," said Philip F. McGovern, Jr., managing partner of Connell Foley. "In continuing to build our platform for the future, we were attracted to 56 at Roseland as it is a tremendous fit from the standpoint of location, building amenities, services and technological capability."

New York-based Gensler will handle Connell Foley's build-out, with 58,000 square feet on the first floor featuring main conference rooms, attorney offices and support operations with its second-floor space housing the firm's working cafe, additional offices for the legal team and administrative workspaces.

Built in 1982, the four-story, 433,945-square-foot, 4-Star office building sits on 55.8 acres in the Suburban Essex / Rt. 280 submarket of Essex County, within the Prudential Business Park. Mountain Development Corp. (MDC) and Square Mile Capital Management paid Merck & Co., Inc. $18.1 million, or about $42 per square foot, for the asset back in December 2011.

MDC and Square Mile have invested nearly $50 million in upgrades and capital improvements to the property, which now features new furniture and flooring, upscale fitness center, cardio/yoga studio, lockers and shower area, a green roof and a professional, 56-acre campus with hiking trails, volleyball, walking paths and an outdoor fire pit and lounge area.

Lowenstein Sandler, another area law firm, recently leased 170,000 square feet in the building and its space is currently undergoing build-out by Manhattan-based Marner & Associates, with a 2017 move-in.

Lowenstein Sandler’s managing partner, Gary Wingens, said, "Our firm is excited to be joined by our colleagues from the Connell Foley firm at 56 Livingston. The building offers first class amenities, such as a new high-end gym and dining and catering facilities designed for professional service firms."

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