Mount Kemble Corporate Center, Morristown,NJ

MORRISTOWN, NJ—Insurance broker NFP has relocated operationsfrom Florham Park to nearly 17,000 square feet of space at theMount Kemble Corporate Center here.

The New York City-based NFP's lease was the largest of what hasbeen 39,832 square feet in recent new lease deals at thetwo-building office complex. Recent transactions have brought thenearly 230,000-square-foot Class A complex at 350-360 Mount KembleAve., which is owned by Birch Group and Vision Properties, to 97%occupancy. CBRE's Daniel Casey and Greg Barkan, the exclusiveleasing agents at the property, \represented ownership during thenegotiations with the respective new tenants.

NFP, which was represented by CBRE's Jeffrey Babikian and ConorDolan, signed a 16,970-square-foot lease. Following an acquisition,NFP had to relocate its offices from an existing location inFlorham Park, CBRE explains. CBRE and Vision Properties workedclosely with NFP to accommodate its immediate needs and providedtemporary office space even before the tenant improvements at itspermanent premises were completed.

On a buying spree of late, NFP announced yesterday it acquiredThe DeChristopher Group of Vienna, VA. Earlier this month, the firmreported the purchase of Transit Insurance, a P&C broker, basedin Ontario, CA. In late October, NFP announced the launch ofWealthspire Advisors, representing the combined RIA of SontagAdvisory and Bronfman Rothschild firms. Wealthspire Advisors is aNew York City-based, independent registered investment advisoryfirm with more than 120 associates serving clients from 11 officesin seven states.

In other recent lease deals at the Mount Kemble CorporateCenter, Avaya committed to an additional 11,161 square feet ofexpansion space at the property. The firm previously occupied36,937 square feet, but required additional space to accommodateits growing business. Robert Donnelly, Jr. of Cushman &Wakefield represented Avaya in the lease negotiations.

Lord, Abbett & Co. LLC leased 7,817 square feet of officespace, which they will be utilizing for a disaster recovery center.The team of Timothy Greiner and Craig Eisenhardt of JLL negotiatedthe lease on behalf of Lord, Abbett & Co.

In addition, 1792 Wealth Advisors, LLC took 3,884 square feet ofoffice space that was fully furnished and move-in ready, whichprovided substantial savings for the firm. Mike Marchese ofChilmark Real Estate Services represented 1792 Wealth Advisors inthe transaction.

Built in 2001, the Mount Kemble Corporate Center was acquired byThe Birch Group and Vision Properties in 2018 for approximately $35million, according to a report in Real Estate Weekly.