Morristown, N.J. - October 22, 2009 — Normandy Real Estate Partners, one of the largest real estate developers, owners and operators in the Boston to Washington, D.C. corridor, today announced the signing of two new leases at Park Place in Florham Park, NJ, with a combined square footage of more than 40,000. Schenck, Price, Smith & King, LLP, which leased 34,635 sf, found a new home at 220 Park Avenue, while Dillon, Bitar & Luther, L.L.C., having leased 7,200 sf, is moving to 200 Park Avenue. The two buildings are part of a four property, high-quality manicured Class A building complex, representing 351,955 sf.

 

“Two prominent Morristown-based law firms have found new locations at Normandy properties, and Park Place is a high-quality complex that is sure to not only meet, but exceed the most stringent of standards,” said William O’Keefe, Vice President, Normandy Real Estate Partners. “We’re privileged to attract such prestigious tenants and look forward to making their new addresses as good an experience as possible.”

 

Park Place features attractive high-end finishes throughout, including mahogany paneled lobbies and granite floors. On-site amenities include a conference center, fitness center and cafe and boasts 4.0/1,000 sf of parking.

 

Edward W. Ahart, Managing Partner of Schenck, Price, Smith & King, LLP, stated, "As our law firm prepares to begin its second century, it's extremely important for us that our new home be one that is accessible, convenient and appropriate for our clients and employees, and one that affords the firm greater efficiencies, technological opportunities and further ability to expand, particularly in light of our growth in recent years. Finding the perfect location at first seemed like a daunting task, but the services Normandy provided made our decision easy. It has been a true pleasure dealing with Normandy, and we're extremely happy that a landlord of that quality will be there for us."

 

“In searching for the ideal space that incorporated beautiful, convenient surroundings with a top-notch business environment, the services provided by Normandy Real Estate Partners epitomized convenience, flexibility, and quality,” said Mary Powers, Manager, Dillon, Bitar & Luther, L.L.C. “We’re very proud of our new home and take great comfort in knowing that we have a landlord whose tenants are priority number one.”

 

The complex is located at the intersection of Park Avenue and Columbia Turnpike, adjacent to the full interchange of Route 24, one mile east of I-287. It is also one mile east of the Morristown Municipal Airport, 20 minutes from Newark International Airport and a short shuttle ride from both the Morristown and Convent Station New Jersey Transit stations. Surrounded by upscale residential neighborhoods, like the Morris County Country Club and the College of St. Elizabeth, Park Place is in close proximity to several hotels, including the Hamilton Park Hotel & Conference Center, the Westin Governor Morris, and the Morristown Hyatt.

 

Tom Welsh of Welsh Chester Galiney Matone Inc. served as the broker for Schenck, Price, Smith & King, LLP and Integra Realty Services’ Matt Krauser was the broker for Dillon, Bitar & Luther, L.L.C.

 

Normandy Real Estate Partners is a vertically-integrated real estate private equity fund manager headquartered in Morristown, NJ with offices in Boston, New York City, and Washington DC. Normandy currently manages a series of discretionary real estate funds totaling approximately $1.0 billion of equity commitments. Normandy’s existing portfolio includes 14 million square feet of commercial assets, four hotels and numerous land development sites. Normandy targets value added real estate investments primarily in the Northeast and Mid-Atlantic markets of Boston, Metro New York City, and Washington, D.C. where opportunities exist to enhance value through creative repositioning, financial restructuring, intensive management, and capital improvements. For more information visit www.normandyrealty.com.