M id A tlantic S hopping C enters N ew J ersey S potlight N orthern Global pharma giant leases entire 431,495 s/f property NGKF represents Lincoln Equities Group in largest NJ lease of 2016
Real Estate Journal — New Jersey — September 16 - 29, 2016 —5B
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Northern New Jersey. “We are pleased to welcome a renowned global corporation like Allergan to our tenant roster at Giralda Farms,” said Joel Bergstein , president of Lincoln Equities Group. “Allergan’s move will bring substantial growth toMadison and keep over 1,800 jobs here in New Jersey.” “Allergan’s flight to quality and the company’s willingness to collaborate with govern- ment to make the transaction mutually beneficial represents the firm’s vision into 2017 and thereafter,” said David Sim- son , vice chairman at NGKF who represented Lincoln Eq- uities Group in the transac- tion. “The extensive reposi- tioning that Lincoln Equities completed at 5 Giralda Farms made it an ideal location for a world-class corporate tenant like Allergan.” JLL ’s Daniel Loughlin , international director, and Jodie Mathews , vice presi- dent, represented Allergan in the transaction. n The complex houses an on- site fitness center, Crunch Fitness, as well as the Del Frisco’s Grille, Wicked Wolf restaurant, Jos A. Bank, Fe- dEx, Chase Bank and Kiddie Academy. Additionally, Wa- terfront Corporate Center ben- efits from proximity to down- town Hoboken’s renowned amenities, as well as two piers that have been converted into beautiful, water-surrounded recreational parks and a tree- lined boulevard, all of which contribute to Hoboken’s 24/7 lifestyle. The complex features highly efficient floor plates and offers excellent New York City and Hudson River views. SJP has incorporated energy-efficiency and air quality control fea- tures throughout to provide a healthier and more sustain- able work environment for the complex’s tenants. n
ADISON, NJ — Newmark Grubb Kn i g h t F r a n k
(NGKF) announced that global pharmaceutical giant Allergan plc (Allergan) has relocated its U.S. headquar- ters to Madison in the largest lease in New Jersey of 2016 thus far. Allergan leased the entire 431,495 s/f property at 5 Giralda Farms for a 13-year term. Allergan, the company behind Botox, Juvéderm, Restasis and other leading pharmaceutical products, received over $58 million in state incentives as part of the Grow New Jersey program, and worked closely with the mayor of Madison, Robert Conley, and Ray Codey Bor- ough Administrator, to allow for an above grade parking garage for the facility. The move to 5 Giralda Farms will consolidate three of Al- lergan’s existing New Jersey office facilities in Parsippany, Bridgewater and Jersey City, bringing 1,800 employees to- HOBOKEN, NJ — Reflec- tive of its continued success attracting leading-edge com- panies toWaterfront Corporate Center in Hoboken, SJP Prop- erties announced that EY, formerly Ernst & Young, has signed a new lease for 168,000 s/f of office space at the mixed- use office and retail complex. The global accounting firm is expected to take occupancy of its space in Waterfront Cor- porate Center II in June 2017. As part of the transaction, EY will be relocating a portion of its New York City operations to Hoboken. The CBRE team of Michael Geoghegan , Craig Reicher , Glenn Dyke , Joan Meixner and Nick Hilton represented EY in the transaction. SJP Properties was represented in-house by executive vice president Jeff Schotz and senior vice president Peter
5 Giralda Farms
gether in one state-of-the-art headquarters. Owned by a Lincoln Equites partnership, 5 Giralda Farms is comprised of a modern corporate headquarters facil- ity located on 50 acres at the prestigious Giralda Farms office campus in Madison. Formerly the Dodge Estate, Giralda Farms has served as a headquarters location for other global corporations,
including Maersk, Quest Di- agnostics, Prudential and Schering Plough. Prior to 5 Giralda Farms’ recent repo- sitioning, the building was previously occupied by Pfizer as its U.S. headquarters. In addition to the main building, the property offers an on-site daycare facility and carriage house, which can be used for additional meeting space and entertaining. The main build-
ing’s exceptional amenities include six large conference facilities, a 345-seat dining room, and 15,000 s/f fitness center with a full basketball court. Additional investment into the existing building will exceed $100 million. The property is minutes away from the Madison train station and the Morris Turnpike, offering direct access to Morristown and other critical areas of ter offers state-of-the-art in- frastructure and amenities, and unparalleled access to mass transit and Hoboken’s renowned downtown, provid- ing companies with a world- class business environment that supports productivity, recruitment and growth,” said Steven Pozycki , CEO of SJP Properties. “When we devel- oped the site of Waterfront Corporate Center, we knew that this would become the standard for class A office and retail space along New Jer- sey’s Gold Coast, and we are extremely proud to have fully realized that vision.” In addition to EY, Waterfront Corporate Center’s impressive tenant roster includes Jet.com, NICE Systems, Newell Rub- bermaid, Thomson Reuters, Marsh &McLennan, RMS, Oc- tapharma, Pearson Education, and workspace provider Regus.
EY signs 168,000 s/f office lease at SJP Properties’ Waterfront Corporate Center II in Hoboken, NJ
Waterfront Corporate Center
and just steps from Hoboken Terminal’s NJ TRANSIT, PATH, NY Waterway Ferry and Light Rail connections. “Waterfront Corporate Cen-
Bronsnick . Waterfront Corporate Cen- ter comprises 1.5 million s/f of class A commercial space ad- jacent to the WHoboken Hotel
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