Bond trader takes 45,000 sf - J.B. Hanauer and Co. leases commercial space in Parsippany, New Jersey

Real Estate Weekly, August 19, 1992

J. B. Hanauer & Company has committed to a long-term lease of approximately 45,000 square feet of office space in Gatehall IV in Parsippany, New Jersey. The 15-year transaction, one of the largest in the state in recent months, was announced by Thomas V. Bermingham, Executive Director of the Edward S. Gordon Company of New Jersey. ESG/NJ Managing Director James L. Frank and Associate Director Donald M. Sperling represented the tenant.

J. B. Hanauer, a bond trading company, will use its new space as its corporate headquarters, data center and sales operation. Two Livingston, New Jersey, locations will be consolidated in the move scheduled for October.

The building is owned by Chase Manhattan Bank, which, according to James Frank, was instrumental in facilitating the successful conclusion of the transaction.

Gatehall IV is located at 4 Gatehall Drive in close proximity to Routes 10 and 287. Its corporate neighbors include AT&T, Digital Equipment and Toyota Credit Corporation. The building is part of a three building corporate park.