France-based pharmaceutical company NicOx is relocating its USheadquarters within Warren, doubling its office space in theprocess. Naproxcinod, the firm's prescription drug for relief ofthe signs and symptoms of osteoarthritis, is under review by theFDA for commercial marketing and the pharma firm expects to growfollowing the drug's FDA approval, anticipated in mid-2010.

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FirstService Williams' director Andrew Tarvin led thenegotiations on behalf of the tenant, while Robert Ryan, GeoffreySchubert and Craig Eisenhardt of CB Richard Ellis represented thelandlord.

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"NicOx was looking for well-located, top-tier office space witha turnkey installation," he tells GlobeSt.com, explaining that thefirm will take possession in April, once the build-out is complete."NicOx was also impressed with Normandy, an excellentowner/operator, who worked with them to accommodate theirneeds."

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Tarvin notes that as a condition of relocating within the state,NicOx obtained a Business Employment Incentive Program grant fromthe New Jersey Economic Development Authority, another key tofinalizing the transaction. "The grant makes a big difference," hesaid. "The program goes a long way toward not just supporting, butgrowing biotech, a key business sector in New Jersey."

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BEIP grants have been part of the state's arsenal for severalyears now and are based on the number of new jobs created. Byadding at least 25 qualified jobs within two years, eligiblecompanies can be reimbursed for up to 80% of gross withholding taxpaid by new employees for up to 10 years, to a maximum of $50,000per employee over the course of the grant

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This deal comes on the heels of a FSW-negotiated,9,971-square-foot office service center and warehouse lease forDocutrend, Inc. at Mack-Cali Realty Corp.-owned 29 Commerce Way inTotowa.

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This is the first Garden State location for the Manhattan-basedDocutrend, a document technology and equipment provider, which sawan opportunity to take advantage of today's economic conditions andincrease market share by expanding into New Jersey, which the firmsees as a growing market.

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Frank Gunsberg and Jason Imperial of FirstService Williams ledthe negotiations on behalf of Docutrend. Mack-Cali was representedin-house by Peter Bronsnick, director of leasing.

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"Mack Cali's Commercenter is architecturally distinct and hadthe exact space that fit the vision of Aaron Rubin, Docutrend'sCEO," says Gunsberg, who noted that 29 Commerce is a modern,single-story building with glass features and a high-ceilingwarehouse; ideal for a high-tech user that requires office andwarehouse space for servicing equipment.

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