X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

HOBOKEN, NJ-Octapharma will become the first pharmaceutical company to have a headquarters in this waterfront city. The Lachen, Switzerland-based company, an independent plasma fraction specialist, has signed a lease for 15,204 sf in a deal that signals the relocation of its US headquarters here from Centerville, VA.

The signing comes at SJP Properties’ 13-story Waterfront Corporate Center II at 121 River St. Combined with the Waterfront I building, the complex totals 943,000 sf, a number that will jump to 1.5 million sf when the under-construction Waterfront III building is completed.

The deal was brokered by VP Dino Mattessich of Jones Lang LaSalle’s Parsippany office. Terms were not released. Availabilities at the complex are currently listed with rents as “negotiable;” comparable space in buildings nearby is generally listed with asking prices in the $30-to-$35-per-sf range.

“There is no better location for our US headquarters,” says Flemming Neilsen, general manager of Octapharma USA. “We see our staffing needs tripling over the next year, and this building gives us the room to expand. The New York and New Jersey area also provides the talent pool we need.”

The Parsippany-based SJP has as its partners in the development of Waterfront Corporate Center, actually the redevelopment of a former waterfront industrial site, Prudential Insurance, the Port Authority of NY/NJ and the City of Hoboken.

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
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

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 © 2020 ALM Media Properties, LLC. All Rights Reserved.