Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SADDLE BROOK, NJ-Unilever Personal Care Products has extended and expanded its lease at Park 80 West, Plaza One here, now occupying a total of 27,715 sf. The consumer goods company uses the space to house its marketing and sales divisions. Terms of the deal were not disclosed.

Senior vice president Donald Sperling and first vice president Cheryl Hardt of CB Richard Ellis, exclusive leasing agents on behalf of owner Transwestern Park 80 West LLC, arranged the transaction. The owner is an affiliate of the Chicago-based Transwestern Investment Co.

“Park 80 West continues to experience steady leasing activity, outperforming the market,” according to Sperling. “It has an 80% tenant retention ratio, which is among the highest in the region.”

Transwestern acquired the two-building asset early last year from Brandywine Realty Trust. The complex consists of seven- and 10-story towers totaling 488,000 sf, and one of its tenants is CB Richard Ellis, whose office here was, prior to the merger of the two firms, the New Jersey headquarters for Insignia/ESG.

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?



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
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.