John Guest USA Relocates, Expands HQ
- Feb 20, 2018
John Guest USA has signed a 60,600-square-foot industrial lease at a building in Parsippany, N.J., to serve as its new headquarters. The plumbing and industrial products manufacturer will relocated from Fairfield, N.J., in the second quarter of 2018 in order to accommodate its business expansion.
Colliers International Managing Director John Donnelly represented the tenant in the lease transaction, while Resource Realty’s Thomas Consiglio and Scott Peck acted on behalf of the landlord, GTJ REIT.
“My client wanted to elevate the brand’s presence commensurate with their growth trajectory at a high-profile, stand-alone facility,” Donnely said in a prepared statement.
Located at 20 E. Halsey Road, the 7.8-acre, 75,000-square-foot building is easily accessible via Interstate 287. It also includes a 15,000-square-foot office component, extra parking capacity and building expansion possibilities. Additionally, the property underwent recent renovations, resulting in an elevated roof, upgraded power and sprinkler systems, as well as landscaped grounds.
In another recent deal, Colliers closed a 181,000-square-foot industrial lease in Linden, N.J.
Image courtesy of Colliers International