NEW YORK--(EON: Enhanced Online News)--Zamir Equities has successfully finalized a 44,000-square-foot, 10.5-year lease, for leading civil defense litigation law firm, Marshall Dennehey Warner Coleman & Goggin, at 15000 Midlantic Drive, Mount Laurel, New Jersey. The firm will occupy the new space as of April 1, 2017.
“This deal required a tremendous amount of base building improvements and tenant allowances only a handful of well-capitalized landlords in the market could achieve. Zamir Equities anticipated this opportunity during our acquisition of the building, and subsequently structured our initial investment capital to achieve it.”
“Signing Marshall Dennehey ranks as one of the largest and most significant lease transactions of 2016 in the southern New Jersey commercial office market, the second largest market in the United States, with 46.1 million people living within 200 miles, ” said Asher Zamir, Founder and Chairman, Zamir Equities. “Marshall Dennehey's south Jersey office is its second largest of 20, with 52 lawyers and 120 total employees. The firm anticipates continued expansion and needed to make a move to accommodate that growth. Our resilient Zamir Equities team worked closely with Marshall Dennehey to successfully complete this substantial and complex arrangement.”
Located at the intersection of I-295 and Route 38 in Mount Laurel, Burlington County, New Jersey, 15000 Midlantic Drive is a two-story, 84,908-square-foot office building; part of the Laurel Corporate Center. Situated in a corporate campus setting with lush landscaping and tree-lined walking paths, Laurel Corporate Center is a ten-building complex totaling one million-square-feet of Class A office space. Both Center City Philadelphia and Princeton, NJ, are a 30-minute commute. New York City is a 90-minute drive from the New Jersey Turnpike. Additionally, NJ Transit offers service throughout the complex.
At the Laurel Corporate Center, Zamir Equities owns and operates five buildings: 2000 Midlantic, 4000 Midlantic, 9000 Midlantic, 10000 Midlantic, along with 15000 Midlantic Drive.
According to the Zamir Equities executive leading the transaction, Todd Techananalart, Vice President, Acquisitions and Asset Management, “This deal required a tremendous amount of base building improvements and tenant allowances only a handful of well-capitalized landlords in the market could achieve. Zamir Equities anticipated this opportunity during our acquisition of the building, and subsequently structured our initial investment capital to achieve it.”
Asher Zamir added, “This Marshall Dennehey Warner Coleman & Goggin deal is just another example of how Zamir Equities works tirelessly to analyze countless market opportunities, swiftly identifies tremendous upside potentials, and with both experience and capital, implements aggressive leasing strategies, which, ultimately enhance the long-term value and return of our underlying asset.”
About Marshall Dennehey Warner Coleman & Goggin
Marshall Dennehey Warner Coleman & Goggin, founded in 1962 and headquartered in Philadelphia, PA, is a leading civil defense litigation law firm that represents and advises insurers, self-insured businesses and professionals in a wide range of professional liability, casualty, health care, employment and workers' compensation matters. With 500 attorneys in 20 offices throughout PA, NJ, DE, OH, NY & FL, Marshall Dennehey is uniquely positioned to assist clients in both avoiding litigation, as well as providing them with a vigorous defense in the event of claims and suits made against them. For more information, please visit www.marshalldennehey.com.
About Zamir Equities
Founded by Asher Zamir in 2003, Zamir Equities is a privately held New York City-based, integrated real estate private equity firm. Currently, Zamir Equities owns and manages cumulative properties in excess of a quarter billion dollars, and 1.4 million square feet. Recognized for their astute acquisition proficiency, along with unparalleled real estate management, leasing and marketing experience, Zamir Equities specializes in risk-adjusted market returns in both undervalued and stabilized real estate assets. Zamir Equities is headquartered in the heart of midtown Manhattan in the Fred F. French Building, a magnificent 38-story art deco building erected in 1927, and listed on the U.S. National Register of Historic Places.