Mohr Partners Represents York Risk Services Group on Relocation of Corporate Headquarters
June 18th, 2015 | Press Releases
Mohr Partners, Inc., a global corporate real estate advisory firm, announces its representation of York Risk Services Group on the relocation and lease negotiation of its 33,000 square-foot corporate headquarters office located at 1 Upper Pond Road in Parsippany, New Jersey. York was represented during the process by George Grace, Managing Partner in Mohr Partners’ New York office, and Ben Onderdonk, Co-Director of Portfolio Account Management in Mohr Partners’ Dallas corporate office. The landlord was represented by Leo Paytas and Greg Barkan, Senior Vice Presidents at CBRE.
York is a premier provider of insurance, risk management, alternative risk, pool administration and claims management solutions to clients across hundreds of industries. The company employs over 5,000 professionals and is ranked nationally as the #3 third-party administrator based on annual revenue.
“York was seeking to relocate its corporate office to accommodate growth but wanted to remain in the market. Mohr Partners researched the surrounding area and gathered comparable market information in order to ascertain the current rental rate for similar space. We identified a state-of-the-art facility at Morris Corporate Center that was perfect for their needs, and used market leverage to negotiate a favorable long-term lease term on behalf of our client,” said Mr. Onderdonk.
“We are excited to announce Mohr Partners’ representation of York Risk Services in the relocation of their headquarters. York is a respected industry leader, and we look forward to continuing to represent York throughout their portfolio in North America,” said Robert Shibuya, President of Mohr Partners.