MCMANIMON, SCOTLAND & BAUMANN, LLC SIGNS 17,931 SF HEADQUARTERS LEASE IN ROSELAND, NEW JERSEY
Roseland, NJ (July 30, 2012)
International commercial real estate services firm Studley represented McManimon, Scotland & Baumann, LLC in a long-term, 17,931-square-foot headquarters lease at 75 Livingston Avenue at 280 Corporate Center in Roseland, NJ. The tenant took occupancy in June 2012.
McManimon, Scotland & Baumann, which serves government and private clients, took part of the second floor in the Class A office building. Improved workplace strategies and efficiencies reduced the firm’s office footprint by almost 25% from its previous location at 1037 Raymond Boulevard in Newark.
“Favorable market conditions, along with a ‘right sizing’ of office space, allowed the firm to achieve substantial savings in overall occupancy costs,” said Studley Senior Managing Director Christopher Marx.
Marx, a member of Studley’s Law Firm Practice Group, along with Senior Managing Director Joe Messina and Assistant Director Chris Koeck, represented McManimon, Scotland & Baumann in the transaction. The landlord, Mack-Cali, was represented in-house by Rich Travaglini and Diane Chayes.
Studley’s Law Firm Practice Group, established in 1999, is a dedicated practice comprised of senior Studley professionals throughout the country who are experts in the operations of law firms. The group’s goal is to enable clients to utilize real estate as a marketable asset to improve profitability, streamline operations, reinvigorate culture and recruit/retain talent. Studley’s Law Firm Practice Group team members have represented many of the AmLaw Top 100 firms and have, in the past 12 months, completed more than 200 leases on behalf of law firms throughout the US.