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MONTVALE, NJ-International Flavors & Fragrances, based in New York, is giving up its 60,000-sf space at 7 Mercedes Drive within the Montvale Corporate Campus. The space is available for a subterm through December 2003, but a longer lease term can be obtained, according to IFF.

The space is currently built out with a combination of offices and laboratories, according to John J. Garibaldi, principal of The Garibaldi Group, Chatham, NJ, which is the exclusive sublet agent. “It’s ideal for pharmaceutical, research or medical users,” according to Garibaldi.

“The sublet is a good, competitively-priced opportunity,” adds associate vice president Michael F. Garibaldi. Corporate neighbors include Mercedes Benz, BMW, Xerox, KPMG and Merrill Lynch, he notes.

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