NKF tapped to help reposition 35-year-old Woodland Park office campus

Woodland Park-based developer Mountain Development Corporation is looking to create a blank canvas for companies seeking technologically advanced office space at its 101,880-square-foot office complex in Woodland Park, according to ROI-NJ. MDC has tapped Newmark Knight Frank to market 5 Garret Mountain Plaza, where the developer reportedly looking to add a rooftop deck overlooking the Ramapo Mountains. MDC, which has been marketing the site since 2017, is seeking a single tenant to occupy over 50,000 square feet at the property. The building was 100 percent leased to Cytec Industries until two years ago, when the chemical technologies company left following its $5.5 billion acquisition by Brussels-based Solvay. According to JLL, total vacancy in the Route 80 and 23 submarket ended the first quarter of this year at 24.3 percent. 5 Garret Plaza was built in 1984 in the midst of an office construction boom in the Garden State. [ROI-NJ]