CBRE said Feb. 5 it was appointed the exclusive leasing agent for a 465,000-square-foot office complex at 115 Tabor Road in Morris Plains by Argent Ventures, an integrated, diversified real estate investment and development firm.
A CBRE team comprised of Sean Morley, Edward DaCosta and EJ DaCosta will spearhead the marketing and leasing campaign on behalf of ownership.
“We are excited to bring this prominent office space to the market,” noted Morley. “The Crossing at Tabor Road is ideally positioned to meet the new demands of tenants post pandemic. The property is fully furnished for companies looking to reduce capital expenditure for build-outs and offers a suburban location with convenient access to Manhattan for tenants seeking to execute ‘hub & spoke’ strategies.”
Built in 2007, The Crossing at Tabor Road is a LEED Gold certified property currently offering 250,000 square-foot of prime, fully furnished office space just steps from the Morris Plains train station, providing direct service to Midtown Manhattan. Located just a half-mile from downtown Morris Plains and three miles from downtown Morristown, the property allows for convenient access to numerous retail stores, restaurants and hotels.
The complex features numerous amenities including COVID-19 health safety enhancements such as touchless access and air filtration; a state-of-the-art fitness center with yoga studio; multi-room conference centers with town hall seating for 400 guests; covered parking; outdoor seating; a full-service cafe; bocce and basketball courts; and a helipad.
Argent Ventures acquired the office property in December 2020 from Honeywell Industries in a transaction arranged by CBRE. And Rubenstein Mortgage Capital, the investment platform of Rubenstein Partners, said Jan. 19 it closed a first mortgage loan of up to $57 million for the acquisition, repositioning its re-leasing.