Located directly off of Route 17, the 63,000-square-foot building is close to Interstate 80.

The STRO Cos. signed a 19,500-square-foot agreement with the new tenant that will see the Atlanta-based company relocate its regional outpost to the well-connected property that offers proximity for customers and employees alike.

The firm will provide property management services for the 760,000-square-foot complex, which includes three office buildings, a retail concourse, a recently renovated Hyatt Regency Hotel, and conference capabilities.

JLL was tapped to lease the new site, which includes a PILOT agreement and is situated on a 47-acre tract earmarked for redevelopment by Mansfield Township to help create jobs and foster economic growth.

According to the firm, the new tenant is expanding its operations, relocating from Moonachie to 125 Chubb Road—a five-story, 278,456-square-foot, Class A office building within the Meadowlands Corporate Center.

Previous ownership invested $15.2 million in recently completed renovations at the properties, on top of which the current owner said they will add more than $10 million in updates to the lobbies, cafes, common areas and restrooms.

After construction is complete, operations at the facility are expected to amount to an estimated $28 million in annual economic activity to the state while supporting 240 full-time equivalent jobs.

The California company will join the roster at the Hahne & Co. Building, occupying 13,215 square feet in a move that relocates and expands upon its current Edison location.

JLL arranged the loan for Nest Micro Apartments, a six-story collection of 122 studio residences located in Journal Square.

The Current on River in Hackensack was built in 2020 and offers more than 250 units.

Take a look at the newly renovated office space attracting tenants to Morris County.

JLL Capital Markets worked on behalf of the borrower in the transaction.