Avis Budget Group, one of the country’s largest car rental agency holding companies, is relocating its headquarters to a new 155,234-square-foot office at Rubenstein Partners and Vision Real Estate Partners’ LATITUDE, a 35-acre, two-building campus in Parsippany, NJ. The company formerly occupied a single-tenant property elsewhere in Parsippany.
“We’re pleased to welcome Avis Budget Group to their new headquarters at LATITUDE,” said Stephen Card, director of acquisitions at Rubenstein. “We set out to create a modern suburban office product that attracts the highest quality corporate users, and with recent transactions this year with Avis and Gilead Sciences, we continue to execute that business plan.”
He added, “The trend of large corporate tenants making long-term commitments in quality product is happening across our portfolio.”
Avis Budget Group was represented by Jon Meisel and Joseph Sarno of CBRE. Rubenstein and Vision were represented by David Simson and Jaime Drummond of Newmark.