MORRISTOWN, NJ - Jeffrey Heller, Avison Young principal and managing director of the firm’s New Jersey office, announced today that Avison Young has expanded with a 16,500-square-foot office lease to occupy a full floor in the North Tower of Headquarters Plaza in Morristown.
The lease, which comes just over two years since the firm entered the New Jersey market, doubles the size of Avison Young’s New Jersey office and will accommodate the firm’s future growth as it continues to recruit top talent.
Avison Young, which entered the tri-state market in 2012, has offices in New Jersey, New York City, Long Island and Fairfield/Westchester. The company’s new office lease at Headquarters Plaza coincides with announcements that all of the firm’s Tri-State offices have signed leases to expand their local offices to support the firm’s aggressive expansion throughout the region, across the United States and overseas.
Over the past six years, Avison Young has grown from 11 to 62 offices and from 300 to more than 1,700 real estate professionals in Canada, the U.S. and Europe.
“Since entering the New Jersey market, Avison Young has invested significantly in establishing a strong local presence through high-level recruiting and the strategic acquisition of industry-leading companies,” comments Heller. “With our new office space, all of our New Jersey-based professionals are now able to work together in one location, enhancing the cross-disciplinary collaboration that is the cornerstone of our success and company culture.”
“We’re also pleased to reaffirm our commitment to sustainability by leveraging the expertise of our project management team to create an interior build-out for our New Jersey office designed to achieve LEED certification,” added Heller:
“A strong New Jersey presence is critical to the continued growth of our Tri-State operations and the development of a regional platform that is able to effectively manage all of our clients’ requirements", stated Arthur Mirante, Avison Young Principal and Tri-State President. " We look forward to building on the momentum we have established in New Jersey as we continue to identify new avenues for business growth and further expand our team of brokerage and property services professionals.”
In 2012, Avison Young acquired leading New Jersey-based project management firm, The Walsh Company. The acquisition added more than 50 professionals to Avison Young and positioned the firm as the market leader for project management in New Jersey, with assignments including Panasonic Corporation of North America’s new headquarters in Newark, Commvault’s new headquarters in Tinton Falls, and Wyndham Worldwide’s headquarters addition in Parsippany.
Continuing its acquisition-driven expansion strategy, Avison Young acquired New Jersey-based asset management firm Kwartler Associates in 2014, which added more than two dozen professionals, as well as millions of sf of exclusive leasing and management assignments throughout the Tri-State market, to the firm.
These acquisitions have positioned Avison Young as one of the region’s foremost property services providers and have contributed significantly to the creation of a full-service regional platform.
“Joining the Avison Young team has provided us with a more robust regional, national and now, international network of professional resources and connections to enhance our client service capabilities,” stated Edward Walsh, Avison Young Principal and Managing Director of Project Management. “Our project management services are fully integrated with our brokerage and advisory business lines, creating a seamless experience for our clients.”
“We continue to benefit from new client relationships in line with Avison Young’s aggressive growth", noted Daniel Frank, Avison Young Principal and Director of Asset Services. " At the same time, we can now access a much deeper bench of talent to generate creative, holistic solutions for our clients.”
Situated just one block from Morristown’s historic Green, within walking distance of the town’s vibrant shopping, dining and entertainment options, Avison Young’s New Jersey office at Headquarters Plaza provides the firm’s employees with numerous neighborhood amenities and services. The complex is also within walking distance of the Morristown Train Station, with convenient access to Manhattan.
“As we explored space options to accommodate our growth, it was important to us to remain in Morristown in order to continue to provide our team with an exceptional location that offered a great downtown and access to mass transit,” says Heller. “We’re excited to continue to play an active role in Morristown’s thriving business community as we take this next step.”
Avison Young is the world’s fastest-growing commercial real estate services firm. Headquartered in Toronto, Canada, Avison Young is a collaborative, global firm owned and operated by its principals. Founded in 1978, the company comprises 1,700 real estate professionals in 62 offices, providing value-added, client-centric investment sales, leasing, advisory, management, financing and mortgage placement services to owners and occupiers of office, retail, industrial and multi-family properties.