Colliers Int’l Arranges SPS Commerce Relocation, Expansion at Overlook Corporate Center

On Sep 25, 2015

As the exclusive leasing agent for ownership at Overlook Corporate Center, Colliers International has arranged a long-term, 25,000-square-foot lease for supply chain management solutions company SPS Commerce at 150 Clove Road in Little Falls.

The new transaction aligns with ownership’s ongoing multimillion-dollar, amenity-rich enhancement initiative at the 415,000-square-foot, Class-A office building, which is set for completion in the first quarter of 2016.

SPS Commerce, a Minneapolis-based global retail supply chain network and provider of cloud-based solutions and analytics, will relocate its New Jersey operations from Parsippany to Overlook Corporate Center’s fourth floor in February 2016, pending build out of the space.

“The addition of SPS Commerce continues robust leasing activity at the trophy property as ownership moves into the next stage of its extensive enhancement program with the full renovation of its lobby and elevator cabs,” said Richard Mirliss, Executive Managing Director at Colliers International, who along with colleagues Executive Managing Director Richard J. Madison, Associate Jack Callahan, and Associate Alexander Vitro, exclusively represent ownership, Theta Holding Company, LP.

“Overlook Corporate Center’s direct access to the Montclair State University train station –– via shuttle service provided by ownership –– was a driving factor for SPS Commerce, whose staff is largely comprised of millennials who rely on public transportation,” Madison added. “With new amenities including a state-of-the-art conference center and a fully equipped fitness center, both of which will open this month, the property is a prime option for a diverse array of tenants, particularly those looking to attract and retain millennial talent.”

Additional improvements will include the upgrading of all common areas including the corridors, bathrooms, and cafeteria; in addition to the development of a ‘grab-and-go’ cafeteria with a coffee bar.

Other amenities at the facility include: panoramic views of New York City and New Jersey; covered parking; Wi-Fi access; gated security; and onsite ownership and management.

SPS Commerce’s lease follows on several new leases that Colliers arranged at the building this year for the American Society of Mechanical Engineers (ASME), Milliman Inc., and Ceragon Networks, Inc. The Class-A building’s diverse tenant roster also includes Morgan Stanley, Roche/Genentech, Cantel Medical, Systra Consulting, and The Marcus Group.

There are currently 193,000 square feet of space available at Overlook Corporate Center, including a number of large, contiguous blocks ranging up to 144,000 square feet in size.

Perched on a hill at the juncture of Routes 46 and 3, Overlook Corporate Center is located minutes from the Garden State Parkway, I-80, and the Montclair State University train station.

 

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