JLL was selected by Dobco Inc. as exclusive leasing agent for One Geoffrey Way in Wayne, NJ. The firm will provide a full range of marketing and leasing services for the Class A, 630,000-square-foot, headquarters-quality complex. JLL will work closely with the Dobco to reposition the asset as a multitenant, mixed use development project, that will include Class A office, flex and retail space.
The leasing assignment will be overseen by JLL’s Frank D. Recine, executive managing director; Christopher DeLorenzo, executive vice president; and Brendan McBride, senior vice president. JLL and Dobco have partnered with Brian S. Silbert, president and CEO, and David Greenman, senior vice president retail service group, with Silbert Realty & Management Co. Inc. to assist with the marketing and leasing of the retail portion of the development.
“The complex at One Geoffrey Way is a world-class facility with a great story,” said Recine. “We have been engaged to breathe life back into what was once an iconic and bustling office complex in northern New Jersey. The property features architecturally distinctive buildings in an attractive suburban setting. When Dobco’s vision for the complex is fully realized, this complex will provide the community with a highly-amenitized and modern experience.”
Dobco’s 30 years of construction experience and deep understanding of what today’s tenants are looking for makes the firm uniquely qualified to transform the complex.
The three-building complex is comprised of two interconnected, Class A office buildings totaling approximately 575,000 square feet and one single story flex building of approximately 55,000 square feet. The five-story Main Building totals 415,000 square feet and offers large and efficient floorplates. It follows the contours of the shoreline of the Point View Reservoir offering spectacular views. The six-story, 160,000 square foot Terrace Building is one of the most architecturally distinct buildings on the site and possibly in the state. It has a midcentury, modern feel, with stacked floorplates creating numerous outdoor terraces.
JLL is a leader in the northern/central New Jersey commercial real estate market, with more than 1,260 professionals and support staff providing agency leasing and property marketing, tenant representation, industrial services, strategic consulting, occupancy planning, workplace strategies, project and development services, property and facility management, and investment sales/capital markets debt and equity services to New Jersey's leading corporate tenants, investors and landlords. The firm, which assists clients from five full-service offices in Parsippany, Iselin (Metropark), Princeton, Morristown and East Rutherford, also acts as a local service provider for JLL’s global and national corporate clients in need of real estate assistance in New Jersey. NJBiz ranked JLL’s New Jersey operations as the No. 1 commercial real estate brokerage in the Garden State in 2020.
About Silbert Realty & Management Inc.
Silbert Realty is a diversified, single source real estate organization, which for more than 31 years, has been based upon a philosophy of providing highly professional and personalized retail real estate service, throughout New Jersey, portions of Pennsylvania and New York and a recipient of the CoStar Power Broker award for northern NJ retail transaction volume, each year since 2008.
About Dobco Inc.
Dobco Inc. established in 1989, and located in Wayne, New Jersey operates as a comprehensive general contractor, offering construction management, design-build and facility management services for clients across the tri-state area. Capping off its 30th anniversary, Dobco Inc. has delivered many successful public, and private projects, from award winning K-12 public schools, to institutions of higher learning, Federal, State and Local Government projects, to Fortune 500 companies. Over the past several years, Dobco Inc. has diversified by investing in real-estate; commercial, residential as well as raw land, and has several mixed-use properties in various stages of development. Dobco Inc. has, and will continue to shape the experience of how communities learn, work and play.
About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $18.0 billion, operations in over 80 countries and a global workforce of more than 93,000 as of December 31, 2019. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
