Real Estate Journal — The Best of 2015 — March 25 - April 14, 2016 — 7C
M id A tlantic
The LARGEST OFFICE LEASES of 2015
Cushman & Wakefield NJ One AT&T Way Bedminster, NJ
E. Kahn Development Saint-Gobain & CertainTeed HQ Malvern, PA
Garibaldi Group 777 Scudders Mill Rd. Plainsboro, NJ
Size: 879,315 s/f Brokers: Robert Donnelly, Marc Rosenberg, Robert Donnelly, Jr. OneAT&TWay is a four-building, 879,315 s/f corpo- rate headquarters complex located on 197 acres. Built in the 1980s as AT&T’s Long Lines headquarters, the property today serves as the telecom giant’s New Jersey operational hub and is distinguished by the company’s state-of-the-art Global Network Operations Center. In 2007, Cushman & Wakefield orchestrated the prop- erty’s sale/leaseback to MetLife. The 2015 renewal follows an extensive, 18-month examination of alterna- tives to relocate or partially renew the lease, as well as the renegotiation of the existing lease. Ultimately, this full lease renewal ensures that the property will serve as AT&T’s regional base for the next 10 years.
Size: 277,000 SF/ 65 Acres Broker: N/A
When the NorthAmerican division of Saint-Gobain, one of the world’s largest building materials companies, decided to relocate, their first priority was simple – they wanted their new home to make a statement. The solu- tion was the transformation of an abandoned suburban corporate campus into a new state-of-the-art corporate headquarters which serves as a dynamic showcase for Saint-Gobain and its North American construction materials subsidiary, CertainTeed Corporation. The long-term lease affords Saint-Gobain the security of growing over the next 10, 20, 30 years, well beyond its current 800 employees. The campus also has ap- provals in place for expansion opportunities of another 500,000 SF.
Size: 432,836 s/f Brokers: Jerry Moore, Chuck Bower
777 Scudders Mill Road is a three building, 657,408 SF Class A Office complex located in Princeton For- restal Center. The lease extension included two of the three buildings and was concluded to give Tenant flexibility in achieving their regional space initiatives. Garibaldi co-represented the Tenant along with Robert Morford of Morford & Dodds Realty.
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