MONTVALE, NJ — JLL has completed a new, direct transaction for FC USA Inc. with building owner Lone Star Funds at 5 Paragon Drive in Montvale. The company signed for 70,863 s/f at the class A, 119,254 s/f commercial office building.
The tenant, FC USA, was represented by Phillip Lipper, executive vice president, and Thomas Reilly and Scott Lesh, managing directors, all with JLL. Building owner Lone Star Funds was represented by Gregory Barkan, senior vice president, with CBRE Inc.
FC USA signed a 15-plus-year lease for 70,863 square feet of office space and will occupy a portion of the first floor and the entire second floor at 5 Paragon Dr. The company is relocating from its previous offices at 69 Spring St. in Ramsey, NJ.
The interior renovation project will entail a gut renovation of the entire second floor and a portion of the first floor. JLL was selected as project manager for the interior renovation effort, as well as to provide energy and sustainability services to assist FC USA in meeting U.S. Green Building Council standards for Leadership in Energy and Environmental Design Silver Certification for Commercial Interiors. The effort will be led by John Vivino, vice president, and Jasmine Amoso, senior project manager, both with JLL.