P3 Properties has made another addition to its New Jersey office portfolio, acquiring a 233,000-square-foot building in Bedminster that is home to a major pharmaceutical company.
Teva Pharmaceuticals will move its U.S. headquarters to Parsippany from Pennsylvania, Gov. Phil Murphy said Thursday, bringing nearly 850 jobs and a commitment to occupy nearly 350,000 square feet.
The state has approved a 10-year, $40 million tax credit package to encourage Teva Pharmaceuticals to move its U.S. headquarters from Pennsylvania to Parsippany, where it would lease more than 345,000 square feet to house more than 1,000 employees.
The new owner of Morris Corporate Center III is set to rebrand the property, having hired JLL to market and lease the 541,000-square-foot office complex.
A real estate investment firm has added to its growing office portfolio in the state, acquiring a piece of the well-known Morris Corporate Center campus in Parsippany.
Ogilvy CommonHealth Worldwide has leased nearly 85,000 square feet in a renewal at Morris Corporate Center III in Parsippany, real estate services firm JLL said Tuesday.
