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PARSIPPANY, NJ-Respironics Inc. has relocated the divisional headquarters for its Respiratory Drug Delivery group to 5 Wood Hollow Rd. here. The Mack-Cali Realty-owned asset totals just more than 317,000 sf, and the Respironics division now occupies 26,000 sf of that total.

Details of the company’s lease were not released. The building’s current availability of 17,700 sf is listed on the Edison-based Mack-Cali’s website with an asking price of $26-to-$28 per sf.

For the new tenant, the relocation of its Respiratory Drug Division marks a major expansion of that group. According to John Miclot, president and CEO of the Murrysville, PA-based parent company, the new location is approximately double the group’s previous space in nearby Cedar Grove. The move is a reflection of “our growing respiratory drug delivery business,” according to Miclot.

Mack-Cali acquired the three-story building, located at the interchange of Interstates 80 and 287, three years ago from the Evans Parsippany Partnership for a reported $34 million, or about $107 per sf. At the time, the building was fully leased to Lucent Technologies, which subsequently moved out.

Mack-Cali took a major step toward refilling the asset two years ago when it signed American Home Assurance Co., an AIG subsidiary, to a lease for 117,118 sf for 13 years. With the signing and move-in of the Respironics division, the availability has been reduced to that block of just 17,700 sf.

Respironics’ divisional move here comes just as the parent has announced a major expansion. In November, the company started construction for a $32 million, 165,000-sf manufacturing facility near its corporate headquarters location in Murrysville, in southwestern Pennsylvania. And earlier this year, the company opened a 90,000-sf facility in the UK to serve as its European headquarters and distribution center.

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