{"id":1004388101,"date":"2020-02-05T05:10:10","date_gmt":"2020-02-05T13:10:10","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004388101"},"modified":"2025-02-27T21:49:02","modified_gmt":"2025-02-28T05:49:02","slug":"cushman-wakefield-to-lease-downtown-morristown-building","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-to-lease-downtown-morristown-building\/","title":{"rendered":"Cushman &#038; Wakefield to Lease Downtown Morristown Building"},"content":{"rendered":"<div id=\"attachment_1004388107\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/21-South-Street.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004388107\" data-attachment-id=\"1004388107\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-to-lease-downtown-morristown-building\/21-south-street\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/21-South-Street.jpg\" data-orig-size=\"800,620\" 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;1&quot;}\" data-image-title=\"21 South Street\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;21 South Street. &lt;i&gt;Rendering courtesy of Studio 1200&lt;\/i&gt;&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/21-South-Street.jpg?w=800\" class=\"wp-image-1004388107 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/21-South-Street.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/21-South-Street.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/21-South-Street.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/21-South-Street.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004388107\" class=\"wp-caption-text\">21 South Street. <i>Rendering courtesy of Studio 1200<\/i><\/p><\/div>\n<p>After recently acquiring 21 South Street in Morristown, N.J., The Hampshire Cos. has appointed Cushman &amp; Wakefield to be the exclusive leasing company for the boutique Class A office building. Managing Director William O\u2019Keefe and Vice President Charles Parmelli will take over leasing operations.<\/p>\n<p>Prism Capital Partners is leading extension efforts. Tristate Capital Bank provided The Hampshire Cos. with a $4 million loan for the renovation, public records show. Located in downtown Morristown, the four-story building was completed at the end of the 19th century. The owner intends to renovate&nbsp;the existing 45,000-square-foot structure and add two new floors, bringing it to a total of 70,000 square feet.&nbsp;<\/p>\n<p>In addition to the new floors, the property is set to have a new brick exterior with enlarged windows, a completely refurbished interior and a new core with two new elevators and mechanical systems. The structure will feature a two-story lobby with entrances from both Dehart and South streets. Ground-level retail space will also be available. The building is currently home to a Wells Fargo bank branch.<\/p>\n<p>Recently, the same brokerage team also arranged a <a href=\"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-arranges-sublease-expansion-at-new-jersey-office-building\/\">56,530-square-foot sublease<\/a> at 12 Vreeland Road in Florham Park, N.J. A multinational company now occupies the entire first floor after subleasing it from Nestle.<\/p>\n<p><em>If you&#8217;d like to be featured in Brokers&#8217; Corner, send your deal to&nbsp;<\/em><em><a href=\"mailto:deals@cpe-mhn.com\">deals@cpe-mhn.com<\/a><\/em><em>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>William O\u2019Keefe and Charles Parmelli will be the exclusive leasing brokers for the boutique New Jersey property. <\/p>\n","protected":false},"author":867,"featured_media":1004365520,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21743,21742,10,21747],"tags":[32799,34749,35314],"class_list":["post-1004388101","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-deals","category-latest","category-northeast","category-office","tag-cushman-wakefield","tag-prism-capital-partners","tag-the-hampshire-companies"],"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>Cushman &amp; 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