By Joshua Burd
New Jersey has had no shortage of high-profile office leases through the first three quarters of 2016. And they’ve come in all corners of the state — from the Hudson waterfront to bucolic suburban campuses in Morris and Somerset counties.
With that mind, researchers with JLL have compiled the Top 10 office leases year to date in the Garden State.
Here’s what they came up with:
#1 – Allergan (Q3)
Submarket: Route 24
Square feet: 431,500
Lease type: New (consolidating from other locations)
Industry: Life sciences
Building ownership: Lincoln Equities Group
#2 – Bank of America Merrill Lynch (Q2)
Submarket: Hudson Waterfront
Square feet: 388,210 (expanding by 53,372 SF)
Lease type: Expansion/renewal
Industry: Banking/financial Services
Building ownership: Mack-Cali Realty Corp.
#3 – iCIMS (Q3)
Submarket: Monmouth
Square feet: 350,000
Lease type: New (relocating from Matawan)
Industry: Technology
Building ownership: Somerset Development
RELATED: iCIMS names project management firm to oversee move to Bell Works
#4 – Panasonic Corp. of North America (Q3)
Submarket: Newark
Square feet: 337,550
Lease type: Expansion/extension
Industry: Technology
Building ownership: Matrix Development Group/SJP Properties
RELATED: Panasonic extends, expands HQ lease in downtown Newark
#5 – Daiichi Sankyo (Q2)
Submarket: Route 78
Square feet: 305,530
Lease type: New (consolidating from other locations)
Industry: Life sciences
Building ownership: Onyx Equities/Rubenstein Partners
#6 – Verizon Communications (Q2)
Submarket: Route 280 Corridor
Square feet: 198,000 (expanding by 44,000 square feet)
Lease type: Expansion/extension
Industry: Technology
Building ownership: Eastman Cos.
RELATED: Verizon expands to 200K sq.ft. at Eastman building in Livingston
#7 – Jaguar Land Rover North America (Q3)
Submarket: Bergen North
Square feet: 187,000
Lease type: New (relocating within Mahwah)
Industry: Manufacturing
Building ownership: The Becker Organization
RELATED: Jaguar unveils plans for new Mahwah HQ
#8 – EY (Q3)
Submarket: Hudson waterfront
Square feet: 168,000
Lease type: New (relocating from Manhattan)
Industry: Business services
Building ownership: SJP Properties
#9 – Mallinckrodt Pharmaceuticals (Q3)
Submarket: Route 78
Square feet: 155,000
Lease type: New (consolidating from other locations)
Industry: Life sciences
Building ownership: The Related Cos.
#10 – Marsh & McLennan (Q3)
Submarket: Hudson waterfront
Square feet: 138,000
Lease type: Renewal
Industry: Banking/financial services
Building ownership: SJP Properties
