In the first transaction, The BOC Group, a world leader in the manufacture and supply of industrial gases and gas-handling technology, renewed its lease for the 48,000 sf that it currently occupies at 100 Corporate Drive in Lebanon, NJ. The facility is owned by The Gale Co. of Florham Park, NJ, which was represented in-house. BOC utilizes the space for its customer service operations and accounts payable functions.
In Philadelphia, meanwhile, BOC has signed a new lease for a total of just under 84,500 sf at 3501 Island Ave., a single-tenant manufacturing facility. The owner of the facility was not disclosed. Harry Thomes, a vice president in Staubach's Philadelphia office, assisted in negotiating the transaction.
"Our objective is to work in a team environment to advise our corporate clients," according to Loughlin, noting that Pete Garra, BOC's director of real estate worked on the agreements in-house for the tenant. "The BOC Group is a long-term client of ours."
The BOC Group is a worldwide operation serving some two million customers in more than 50 countries. Internationally, it has a roster of about 43,000 employees, and last year had sales totaling more than $6 billion.
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