Quest Diagnostics Incorporated, the world’s leading provider of diagnostic information services, has signed a 130,200 square foot long term lease on the top four floors of 500 Plaza Drive in Secaucus, NJ, which will serve as the company’s new headquarters location. The company will move from Madison, NJ.
500 Plaza Drive is a 460,000 square foot Class A office tower, which was purchased in mid-2014 by Marcus Capital Partners Fund I, L.P., in a venture with a global institutional partner. The property, which already serves as headquarters for The Children’s Place, in addition to several other notable tenants, is now 99% leased.
Marcus Partners recently completed a $16.5 million remodeling project at 500 Plaza Drive to create a best-in-class quality office building. Upgrades include a comprehensive renovation of the five-story atrium lobby and common areas and the creation of prime amenity spaces, including a new 90-seat conference center, fitness center, full service café, and coffee bar. The property improvements also include the construction of a new 222-car parking deck, renovation of an existing 1,100-car parking garage, and the creation of 34 visitor parking spaces in front of the building.
David Fiore, who leads Marcus Partners’ NYC Metro office said, “We look forward to welcoming Quest Diagnostics to 500 Plaza. This is a special asset, and with the transformation of the property, we realized our vision to deliver the best asset in the market. I have to admit, the transformation even exceeded my expectations. My hat’s off to Gensler and our entire design and construction team.” Gensler, led by Dana Nalbantian, was the architect for the project.
The move to 500 Plaza Drive allows Quest Diagnostics to retain its New Jersey employees while being in better proximity to public transportation and many of its major health providers. The new office location will host approximately 600 employees.