WARREN, NJ-Normandy Real Estate Partners has signed two new tenants to a total of nearly 28,500 sf of space at the company’s 20 Independence Blvd. here. As reported by GlobeSt.com, the Morristown-based Normandy acquired the 120,800-sf asset a year ago from an entity controlled by Hines Interests for an undisclosed price.

Joining the tenant roster at the building, located within the Somerset Hills Corporate Center, are SIRVA Worldwide Inc., a Chicago-based relo consulting firm, and Aeterna Zentaris Inc., a Quebec-based biopharmaceutical company. SIRVA will now be on-site with 17,741 sf, while Aeterna Zentaris is taking 10,741 sf.

Terms of the two leases were not released. The nearly 50,000 sf still available in building is currently listed with an asking price of $29.50 per sf, and Geoffrey Schubert, Craig Eisenhardt and Robert Ryan of CB Richard Ellis have the exclusive leasing assignment.

Since buying the building a year ago, Normandy has launched an improvements program involving its lobby and common areas, including a two-story lobby and a new cafe. “Our enhancement program is nearing completion,” says Normandy VP William O’Keefe. Located off Interstate 78, the building counts Citigroup, Verizon, Merck and Pfizer among its corporate neighbors.

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?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


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

Copyright © 2024 ALM Global, LLC. All Rights Reserved.