Samsung Electronics America is leaving Ridgefield Park, its home of more than 30 years, after announcing Thursday that it would move its headquarters to Englewood Cliffs.
Samsung has extended another lease at a Ridgefield Park office campus, this time for a 48,000-square-foot space occupied by its software and IT services unit.
The KABR Group has sold a 233,000-square-foot office building in Ridgefield Park, the longtime home of Samsung’s U.S. headquarters, in a deal brokered by JLL.
The KABR Group is hailing its recently completed lease extension in Ridgefield Park with Samsung’s U.S. subsidiary, in a deal that comes 10 years after the electronics giant helped seal one of the first high-profile, post-recession turnarounds of a New Jersey office building.
A flurry of blockbuster leases propelled New Jersey’s office market in the third quarter, fueling positive momentum despite a handful of high-profile space dispositions.
