Commercial Real Estate Firm JLL Completes Lease Expansion for OwnBackup

Jones Lang LaSalle IP, Inc. (JLL) has completed a 30,000-square-foot lease expansion and extension with OwnBackup Ltd. at 940 Sylvan Avenue in Englewood Cliffs, NJ, on behalf of property owner Andalex Capital.

The cloud-based backup and restore provider, a tenant at the property since 2018, will expand and extend its lease, doubling its footprint to occupy the entire 60,000-square-foot Class-A office building with in the Sylvan Corporate Center, a burgeoning tech and finance hub.

Andalex is represented by executive MD Frank D. Recine, and associate Nicolas DeCotiis, both with JLL. OwnBackup was represented by senior MD Jason Fray and SVP Harlan Hollander, both with Savills Studley.

“Sylvan Corporate Center is an ideal location for companies seeking Manhattan-quality, Class-A office space located minutes outside of NYC,” Recine said. “This office complex, in the heart of Englewood Cliff’s famed ‘Trillion $ Mile,’ provides the perfect environment for OwnBackup as it continues to expand its client base in the Tri-State area.“

OwnBackup, which previously occupied the first floor of 940 Sylvan Avenue, will occupy the 30,000-square-foot second floor. The property, located near the intersection of Sage Road and Sylvan Avenue/Route 9W in Englewood Cliffs, is part of the Sylvan Corporate Center, which includes 910, 920, 930 and 940 Sylvan Avenue.

The center is made up of 4 two-story office buildings that are linked by a central lobby. The office destination offers on-site food service, covered parking, private parking and on-site management, as well as telecommunications infrastructure.

The complex totals approximately 300,000 square feet of dynamic Class-A office space, and offers ample open space to accommodate outdoor employee collaboration and client meetings. The facility has experienced momentum in recent months, attracting interest from NYC tenants struggling to negotiate NYC’s density and mass transit during the pandemic. Andalex is positioned to satisfy the needs of NYC tenants seeking well-located space in an attractive setting.

Sylvan Corporate Center is located and is directly off the first exit on the Palisades Parkways. The complex is 3 miles north of the George Washington Bridge and is in close proximity to Interstate 80, Interstate 95 (New Jersey Turnpike), Routes 4, 46, 1 and 9, and the Garden State Parkway.

JLL, in the northern/central New Jersey commercial real estate market, has more than 1,000 professionals and support staff providing agency leasing and property marketing, tenant representation, industrial services, strategic consulting, occupancy planning, workplace strategies, project and development services, property and facility management, and investment sales/capital markets services to New Jersey’s corporate tenants, investors and landlords. The firm, which assists clients from 3 full-service offices in Parsippany, Iselin (Metropark) and East Rutherford, also acts as a local service provider for JLL’s global and national corporate clients in need of real estate assistance in New Jersey. JLL’s New Jersey operations were honored by NJBiz magazine as one of its 2015 best places to work in New Jersey.