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— Colliers Reps Plumbing Products Manufacturer in North American Headquarters Lease —
PARSIPPANY, N.J., Feb. 13, 2018 – John Guest USA, Inc. has leased 60,600 square feet at 20 East Halsey Road in Parsippany. The plumbing and industrial products manufacturer will relocate its North American headquarters operation to the Morris County industrial/flex property from Fairfield, N.J., in an expansion play, according to Colliers International NJ LLC (NASDAQ:CIGI, TSX:CIG).
Colliers’ John Donnelly, based in the global commercial real estate services firm’s Parsippany office, represented John Guest USA in orchestrating the long-term lease. Thomas Consiglio and Scott Peck from Resource Realty served as brokers for property owner GTJ REIT.
According to Donnelly, John Guest USA’s growth in the plumbing market required an expanded space, driving the Northern New Jersey search for a new headquarters location. “My client [Byron Woodard, President of John Guest North America] wanted to elevate the brand’s presence commensurate with their growth trajectory at a high-profile, stand-alone facility,” he said. “The property at 20 East Halsey Road met these specifications beautifully, offering a large multi-purpose space, building signage and visibility from I-287. GTJ Management recently renovated the building – raising the roof, upgrading the power and sprinkler systems, and updating the landscaping program. That proactive move played a big part in securing John Guest USA’s commitment.”
Additionally, the property offers a generous, 15,000-square-foot office component, extra parking capacity and future building expansion potential. Donnelly noted that these features will enable his client to grow in place. John Guest, the manufacturer of push-fit fittings, valves, PEX pipe and LLDPE tubing will occupy its new space during the second quarter of 2018.
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