Cresa assists Midea with new office lease in Parsippany

Cresa NJ – North/Central, part of Cresa LLC, an exclusively tenant-represented real estate services firm, announced Wednesday that it has negotiated a new office lease for Midea Group in Parsippany.Edward English, vice president, along with Thomas Giannone and Ronald Ganter, managing principals, represented the tenant in the transaction. The Landlord, Mack-Cali, was represented in-house by Diane Chayes, senior vice president of leasing, and Brian Decillis, assistant vice president of leasing.

“Midea was doubling in size,” English said in a prepared statement. “Because we work exclusively as tenant representatives with no conflicts of interest, we were able to work equally as aggressively with their current landlord’s portfolio as well as potential new landlords. The value that Cresa was able to bring to the transaction was that we mitigated the financial impacts of doubling in size, while still working to give our client the logistical benefits of their expansion.”

The 6,500-square-foot space is located at 5 Sylvan Way.

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