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FLORHAM PARK, NJ-Odyssey Pharmaceuticals Inc. has signed a lease for 51,000 sf of office space at Advance Realty Group’s 200 Park Ave. here. The company will use the space as its headquarters location, moving here from Reckson’s 72 Eagle Rock Ave. in East Hanover, NJ.

Odyssey was represented by Andrew B. Zezas, president, and Matthew B. Kirby, vice president of the Kenilworth, NJ-based Real Estate Strategies Corp. The Bedminster, NJ-based Advance Realty was represented in-house by senior vice president Robert Martie, and by Jeffrey Heller of Cushman & Wakefield of New Jersey, East Rutherford. The lease term is 11 years; no further details of the signing were disclosed.

“Odyssey’s business plans called for occupancy of its new headquarters in a very short time frame,” according to Zezas. “They asked us to fast-track this project and complete it by a deadline that was shorter than anything I’d seen in my 20 years as a corporate real estate advisor.

“Ordinarily, a project of this magnitude can take between six and 12 months to complete, as corporations’ everyday priorities often take precedence over real estate projects,” Zezas continues. “This transaction was completed just 93 days after we first began the property search.”

The three-story, 164,000-sf 200 Park Ave. is part of Advance Realty’s four-building, 345,000-sf Park Place campus here. Odyssey is expected to move into its new HQ location this fall.

Odyssey, a producer of niche pharmaceutical products, was formed a little over four years ago. The company is owned by Pliva Inc. of Zagreb, Croatia, Eastern Europe’s largest pharmaceutical company.

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