Commercial Realty Group and Resource Realty of Parsippany said Tuesday they obtained the first lease at the newly constructed 900 American Road in Morris Plains.
Relocating their operations from Livingston to the facility, Cryoport, a provider of cold chain logistics solutions for biopharmaceutical, IVF and animal health organizations, will occupy 20,000 square feet of office and specialized distribution space.
Robert Donnelly Jr. of Cushman & Wakefield represented Cryoport in the transaction, while Resource Realty’s Gregory Sabato and Scott Peck exclusively represented the landlord/developer in marketing the facility.
“We welcome Cryoport as an ideal first tenant, said Sabato. “Ownership has created a best-in-class 55,000-square-foot flex facility suitable for a variety of light industrial uses.”
Spaces of 5,000 to 25,000 square feet are still available for lease.