{"id":1004225013,"date":"2018-04-30T05:11:15","date_gmt":"2018-04-30T13:11:15","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004225013"},"modified":"2018-04-30T05:11:15","modified_gmt":"2018-04-30T13:11:15","slug":"konica-minolta-consolidates-us-operations","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/konica-minolta-consolidates-us-operations\/","title":{"rendered":"Konica Minolta Consolidates US Operations"},"content":{"rendered":"<p>By Corina Stef<\/p>\n<div id=\"attachment_1004225094\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/1524776839_133.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004225094\" data-attachment-id=\"1004225094\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/konica-minolta-consolidates-us-operations\/1524776839_133\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/1524776839_133.jpg\" data-orig-size=\"800,600\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Konica Minolta campus in Ramsey, N.J.\" data-image-description=\"&lt;p&gt;Konica Minolta campus in Ramsey, N.J.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Konica Minolta campus in Ramsey, N.J.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/1524776839_133.jpg?w=800\" class=\"wp-image-1004225094 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/1524776839_133.jpg\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/1524776839_133.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/1524776839_133.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/1524776839_133.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004225094\" class=\"wp-caption-text\">Konica Minolta campus in Ramsey, N.J.<\/p><\/div>\n<p>Konica Minolta Business Solutions is consolidating its U.S. operations into a single campus, starting with the sale of its current headquarters at 100 Williams Drive in Ramsey, N.J.\u00a0The technology and IT services firm sold the 106,400-square-foot property to LCN Capital Partners through a sale-leaseback.<\/p>\n<p>The firm also paid $20.2 million to acquire the nearby 133 Williams Drive, a 171,500-square-foot industrial asset, from Prestige Motors, public records show. The building is set to house Konica Minolta\u2019s warehouse operations, currently situated at 101 Williams Drive, an 85,000-square-foot warehouse\/office property. The facility is set to undergo a 52,000-square-foot office and parking expansion.<\/p>\n<h2>Further plans<\/h2>\n<p>The company currently employs 474 people in the city and has received $29 million in Grow New Jersey tax credits. Following the changes, Konica plans to add 400 new jobs in the unified campus, as well as relocate its administrative and distribution operations from Windsor, Conn.<\/p>\n<p>A Cushman &amp; Wakefield team comprising Richard Baumstein and Marc Graham, along with sale-leaseback specialists Ben Cooper and Peyton Horn represented Konica Minolta in the transactions. Savills Studley\u2019s Dan Foley acted on behalf of Prestige Motors.<\/p>\n<p>\u201c<em>Konica Minolta\u2019s presence in this neighborhood dates to the early 1970s, when 101 Williams Drive was built<\/em>,\u201d Baumstein said in a prepared statement. \u201c<em>The company\u2019s various mergers and expansions into new product lines\u2014including smart office technology products, industrial printing\u00a0and managed services\u2014are driving significant growth. This series of calculated moves paves the way for Konica Minolta to create an exciting, modern work environment while gaining efficiencies and accommodating future growth\u2014all while remaining in place.<\/em>\u201d<\/p>\n<p>Also in Ramsey, TA Associates Realty <a href=\"https:\/\/www.commercialsearch.com\/news\/local-investor-grabs-140-ksf-nj-office-asset\/\">recently sold a 140,000-square-foot office building<\/a> to Highstone Equity Group.<\/p>\n<p><em>Image courtesy of Cushman &amp; Wakefield<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The technology and IT services firm sold its Ramsey, N.J., headquarters through a sale-leaseback and acquired an adjacent industrial asset. The new campus will create 400 new jobs and house the firm&#8217;s current Connecticut operations.<\/p>\n","protected":false},"author":241,"featured_media":1004225094,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,21783,1600,21742,10],"tags":[32799,40083,32775],"class_list":["post-1004225013","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-investment","category-new-york","category-latest","category-northeast","tag-cushman-wakefield","tag-konica-minolta","tag-savills-studley"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Konica Minolta Consolidates US Operations - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/konica-minolta-consolidates-us-operations\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Konica Minolta Consolidates US Operations\" \/>\n<meta property=\"og:description\" content=\"The technology and IT services firm sold its Ramsey, N.J., headquarters through a sale-leaseback and acquired an adjacent industrial asset. 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