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.
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.
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.