Ogilvy CommonHealth Stays Put in NJ Home

CBRE represented the health-care firm in a decision that favored New Jersey over New York City.

Morris Corporate Center III panoramic, courtesy of Shea Communications Morris Corporate Center III, courtesy of Shea Communications

Ogilvy CommonHealth Worldwide has decided there’s no place like home: its home in Morris Corporate Center III in Parsippany, N.J. In a lease renewal orchestrated by commercial real estate services firm JLL on behalf of the owner of the 530,000-square-foot office complex, the health-care marketing services firm recommitted to the Class A property with the signing of a lease for 83,500 square feet.

At the four-building MCC III, Ogilvy CommonHealth now has a claim on the entire fourth floor of Building C, as well as portions of the second and third floors. Commercial real estate services firm CBRE Inc. represented Ogilvy CommonHealth in the 11-year lease agreement, which marks a decrease in occupancy for the health-care firm. According to a New Jersey Economic Development Authority document, the company’s previous lease was for 128,000 square feet in Building B and 38,000 square feet in Building C, and was scheduled to expire on Dec. 31…

Ogilvy CommonHealth Stays Put in NJ Home

Categories : Uncategorized

Leave a Reply

You must be logged in to post a comment.