The deal was arranged for the sublandlord, pharma giant Sanofi-Aventis, by Daniel J. Loughlin and Thomas J. Stanton III, managing principals in the New Jersey office of the Staubach Co., Murray Hill. Robert Donnelly, Marc Rosenberg and Bill Brown of Cushman & Wakefield of NJ, East Rutherford, repped Cadbury Schweppes. Terms of the signing are not being disclosed.

SJP Properties, based here, owns Morris Corporate Center IV, a 700,000-sf, 35-acre complex built in two phases. The initial 350,000-sf first phase was built in 1999 and fully leased to what was then Aventis Pharma. That company was acquired last year with the backing of the French government by smaller rival Sanofi-Synthelabo, and the renamed Sanofi-Aventis opted for another Aventis location in Bridgewater, NJ as its North American HQ. The local space, amounting to 350,000 sf, was freed up and placed on the sublease market as a result of the merger.

The Cadbury Schweppes signing marks the second big catch for Staubach in its effort to fill the space for Sanofi-Aventis. Earlier, the firm signed Reckitt Benckiser N.A. to 140,000 sf, and overall, about 50,000 sf, including a 6,000-sf data center, remains available for sublease, according to Loughlin. Staubach is also providing on-site facility management and other tenant-related services at the facility.

"We are progressing to the final stage of this corporate property disposition," Loughlin tells GlobeSt.com. "From the outset, our marketing strategy focused on tenants with sizable requirements, and with an appreciation of the building's unique two-pod design.

"The addition of Cadbury along with Reckitt Benckiser, both in separate building pods, creates two distinctive corporate headquarters environments," Loughlin continues, "But it also allows both occupants to share the existing amenities originally developed in the building."

For Cadbury Schweppes, the move also places two of its chief North American units in very close proximity. Cadbury Adams, the company's candy and gum division, is getting set to move into a new 150,000-sf office and technology center just down the road in Hanover Twp. As reported by GlobeSt.com, Capital Lease Funding of New York City recently bought the under-construction building from the Archon Group for $48 million, or about $320 per sf.