CUSHMAN & WAKEFIELD ARRANGES HQ LEASE FOR FREEMAN PRODUCTS
Trophy Manufacturer to Relocate to Parsippany, NJ, in Expansion Move
PARSIPPANY, N.J. – May 10, 2012 – (RealEstateRama) — Commercial real estate services firm Cushman & Wakefield, Inc. brokered a 44,000-square-foot headquarters and regional warehouse lease for Freeman Products Worldwide at 71 Walsh Drive in Parsippany. The trophy manufacturer will relocate to 71 Walsh Drive from Elmwood Park, N.J., this spring in an expansion move.
Bonni Heller of Cushman & Wakefield’s East Rutherford, N.J., office represented Freeman Products Worldwide in negotiating the long-term deal. The assignment marked the continuation of a 15-year association in which Heller has brokered several commitments for Freeman Products at satellite locations nationwide. Howard Weinberg and Andrew Houston of Cassidy Turley represented Walsh Drive Associates, which owns 71 Walsh Drive, in the most recent transaction.
With roots dating back to 1921, Freeman Products Worldwide designs, manufactures and markets award and recognition products. It distributes one of the largest lines in its industry throughout the United States and internationally.
“My client’s business continues to grow, and this move accommodates its additional space requirements while providing a desirable image, value and efficiency,” Heller said. “In short, 71 Walsh Drive makes sense. Beyond that, the landlord has been responsive and accommodating in terms of updating the space, and building out executive and administrative offices to suit Freeman Products’ needs.”
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Media Contact:
Evelyn Weiss Francisco: evelyn (at) caryl (dot) com, (201) 796-7788, www.twitter.com/carylcomm
