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PARSIPPANY, N.J., Oct. 12, 2009 - CherryRoad Technologies Inc., a leading integrator of enterprise software, has leased 18,000 square feet of space at Powder Mill Plaza III in Parsippany, announced Cushman & Wakefield, Inc. The firm recently relocated from another local site to the property at 301 Gibraltar Drive.

Cushman & Wakefield’s Jon Williams represented CherryRoad Technologies in negotiating the multi-year lease. Cushman & Wakefield’s Josh Cohen serves as exclusive leasing agent for Powder Mill Plaza III, which is owned by Powder Mill Management. Both Williams and Cohen are based at the commercial real estate services firm’s Morristown office.

This transaction, from start to finish, took less than four months. “The ownership at Powder Mill Plaza did everything in their ability to accommodate my client’s tight timeframe,” noted Williams, who has worked for several years with CherryRoad Technologies. “This high level of responsiveness was a key draw in the site selection process.”

CherryRoad provides comprehensive systems integration and consulting services that maximize enterprise performance for the public and commercial sectors. With offices across the U.S., CherryRoad is recognized for successfully combining its technology, organizational, functional and vertical market expertise into practical solutions that deliver results. The firm received the 2008 Oracle Titan Award for partner excellence in solution development and business achievement.

“CherryRoad sincerely appreciates Cushman & Wakefield’s outstanding responsiveness to our needs and the professional manner in which the company conducts business. They provided us with numerous, viable options, all of which met our unique requirements, before we selected our new Morris Plains location,” stated Jeremy Gulban, the company’s president and COO. “With its close proximity to all major highways and airports, it is one of the most desirable locations in Northern NJ. This new office offers ample space to accommodate our current as well as future needs.”

Cushman & Wakefield has served as exclusive office leasing agent for Powder Mill Plaza, a mixed-use office and retail complex, since 2005. The property includes 200,000 square feet of corporate accommodations just off Route 10. In addition to the rich amenities afforded by the adjacent, 185,000-square-foot retail component, tenants at the property benefit from ample parking and proximity to major thoroughfares including interstates 80, 287 and 78, as well as routes 24, 202 and 53.

“We strive to be the most affordable and amenity-rich office complex in Morris County,” Cohen noted. “This combination continues to attract quality tenants like CherryRoad Technologies, and we are seeing significant interest in recent months from other companies seeking value opportunities in the region.” Currently, Cushman & Wakefield is marketing spaces from 4,000 square feet at Powder Mill Plaza III.