700 and 800 Sylvan Avenue Redevelopments, Englewood Cliffs
Following decades of occupancy, changing needs and an evolving sustainability mandate threatened Unilever’s departure from 700 and 800 Sylvan Avenue in Englewood Cliffs. Yet in 2016, a series of Cushman & Wakefield-led transactions resulted in redevelopments at both properties, including Project Unify, one of the East Coast’s most energy-efficient and highly advanced corporate facilities. Involved in the deal: Cushman & Wakefield, Normandy Real Estate Partners, Unilever and OVG Real Estate.
Daiichi Sankyo Relocation to 211 Mt. Airy Road, Basking Ridge
Ownership of the newly renovated 211 Mt. Airy Road in Basking Ridge crafted a multi-part deal which allowed Daiichi Sankyo to consolidate its operations into one U.S. headquarters, while providing existing tenant, Avaya, a suitable relocation solution. From inception to signing, this deal was accomplished in 60 days. Involved in the deal: Onyx Equities, Rubenstein Partners, Daiichi Sankyo, Newmark Grubb Knight Frank, Cresa NJ, and Cushman & Wakefield.
Summit Medical Group MD Anderson Cancer Center Built-to-Suit Lease, Florham Park
Summit Medical Group, the largest physician-owned multispecialty medical practice in the state, committed to a 130,000-square-foot, build-to-suit lease at Rockefeller Group’s The Green at Florham Park. The site will house the Summit Medical Group MD Anderson Cancer Center, which will provide world-renowned cancer care to residents throughout Northern New Jersey. Involved in the deal: Rockefeller Group, Summit Health Management, Cushman & Wakefield, Riker Danzig Scherer Hyland & Perretti, Rotwein & Blake, Bohler Engineering, Vanderwell Engineering, O'Donnell & Naccarato, Nixon Peabody LLP, Stantac Consulting Services, Inc., Cannon Design, Mitchell Planning, and Gilbane Building Company.
Blue Apron Becomes Largest Legacy Commerce Center Tenant, Linden
Duke Realty’s master-planned redevelopment of the former General Motors assembly plant in Linden, New Jersey – branded as the Legacy Commerce Center – revived an area that had lost thousands of jobs after the closing of GM’s facility. In 2016, CBRE facilitated a 495,000-square-foot lease with Blue Apron, now the largest tenant in the industrial park. Involved in the deal: CBRE, Duke Realty, and Blue Apron.
E-Commerce Giant at Cranbury Station Park, Cranbury
Hoffmann-La Roche US HQ and R&D Campus, Nutley and Clifton
The successful disposition of a major 116-acre pharmaceutical headquarters and research & development campus. Prism Capital Partners and a Boston-based investment manager purchased the campus in Nutley and Clifton from Hoffmann-La Roche, and JLL secured Hackensack Meridian Health and Seton Hall University to anchor the property's redevelopment as a preeminent mixed-use commercial location as a "new urbanism" benchmark. Involved in the deal: Hoffmann-La Roche, JLL, Prism Capital Partners, Gibbons PC, Fox Rothschild LLP, Real Estate Strategies Group LLC, Franzini Consulting LLC, Hackensack University Medical Center, Seton Hall University, Cushman & Wakefield, Windels Marx, Connell Foley LLP, and Inglesino, Webster, Wyciskala & Taylor LLC.
iCIMS Becomes Anchor Tenant at Iconic Bell Works Metroburb, Holmdel