WARREN, NJ-Normandy Real Estate Partners has inked two lease deals totaling 45,500 sf at the 120,000-sf office building at 20 Independence Blvd. here. The Morristown-based Normandy has owned the building since late 2006 when it acquired the property on behalf of its Normandy Real Estate Fund LP from a Hines affiliate for an undisclosed price.

More than two-thirds of that new leasing activity involves the extension of an existing lease and an expansion on the first floor of the four-story asset by Verizon Wireless to approximately 39,900 sf. The latter was represented by Joseph Sarno and Jeremy Neuer of Cushman & Wakefield, while Normandy was represented by Craig Eisenhardt, Robert Ryan and Geoffrey Schubert of CB Richard Ellis.

And Liberty Mutual Insurance Co. has signed a new lease for approximately 5,500 sf on the building’s first floor. Robert Shulman and Maureen Young of Cresa Partners represented Liberty Mutual, and the CBRE trio again represented Normandy. Terms were not released; availabilities at the asset are currently listed with an asking price of $29.50 per sf.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.