PARSIPPANY, NJ-The locally based Medicines Co. has leased anentire 173,156-sf office building at 8 Sylvan Way here. Thebuilding is a redevelopment by the Hampshire Cos. of an existing105,000-sf building and will be stripped to the steel and expandedto accommodate a three-story 173,146-sf facility. The first phaseof the state-of-the-art building is expected to ready for occupancyin August 2008.
A source close to the deal tells GlobeSt.com that they cannotdisclose any financial information including asking rents, takingrents or aggregate lease value. The source did say that theMedicines Co. chose this building because “it offers the company anew world headquarters image in a redevelopment of a building[which offers] the quality that they are looking for well into thefuture.”
The source tells GlobeSt.com that the transaction was a one-yearanalysis of a 15-year lease, which was negotiated on the tenant'sbehalf by David Simson, president of GVA Williams, while RobertRudin and Bill Brown of Cushman & Wakefield of NJ representedMorristown-based Hampshire Cos.' interest as the owner. ToddAnderson, a principal within the Hampshire Cos. notes, “we areexcited with regard to this transaction and creating one of thefinest buildings to have ever been built in New Jersey on behalf ofthe Medicines Co.” The building will include a full cafeteria andhealth club/gym as part of the amenity package.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
