Mack-Cali Announces New 43,534-Square-Foot Lease With Ascensia Diabetes Care US, Inc.

On Jan 29, 2016

Mack-Cali Realty Corporation has announced that Ascensia Diabetes Care US, Inc., a leader in blood glucose monitoring that is owned by Panasonic Healthcare Holdings Co., Ltd. and leading global investment firm KKR, will bring their U.S. headquarters to 5 Wood Hollow Road in Parsippany. Ascensia signed a lease for 43,534 square feet for over 10 years. The award-winning Mack-Cali property is a 317,040-square-foot, three-story, class A office building in Morris County with easy highway access, a sophisticated infrastructure, and outstanding amenities. Ascensia joins AIG, Coyne PR, Groupe SEB, The MI Group, and Decision Resources to bring this trophy asset to 98.6 percent leased.

“This building is the ideal home for Ascensia’s U.S. headquarters, providing all the conveniences and services a company of this significance needs,” said Christopher DeLorenzo, Mack-Cali executive vice president of leasing. “Mack-Cali’s strategic plan focuses on our core properties like 5 Wood Hollow Road that bring together premier office space, ideal transportation options, and the amenities to create workplaces where employees want to work.”

Strategically located and beautifully renovated, 5 Wood Hollow Road is LEED Gold certified by the U.S. Green Building Council. It is located at the nexus of I-287 and I-80, with I-280, and routes 202, 46, and 10 all nearby, giving tenants easy commuting access.

The building boasts a range of amenities including a contemporary, three-story renovated atrium lobby, an on-site, full-service cafeteria with indoor and outdoor seating, complimentary Wi-Fi available in the cafeteria and its adjacent public meeting rooms, as well as on-site property management. The building is wired with fiber optics for high-speed connectivity and features a recently upgraded high-efficiency HVAC system. In addition, further 2016 planned upgrades include a new, state-of-the-art fitness center and renovated cafe and conference center.

“Bringing a company like Ascensia to our township is validation of the business-friendly environment we are cultivating here that brings a significant and positive economic impact,” said Parsippany Mayor James R. Barberio. “We welcome the new jobs and look forward to Ascensia calling Parsippany home for a long time to come.”

Ascensia was represented in the transaction by Roby Bull and Steven Rotter, both of Jones Lang LaSalle. Mack-Cali was represented in-house by Brian Decillis, vice president of leasing.

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