X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

MONTGOMERY TWP., NJ-Blessing-White has renewed its lease for 10,000 sf of office space at 23 Orchard Rd. in this township’s Skillman section. The global management consulting firm uses the site as its North American headquarters. The renewal includes a consolidation and relocation by the firm to one floor within the 238,000-sf building.

The deal was arranged by brokers Milt Charbonneau, Warren Searles, Charles Parmelli and Douglas Twyman of the Somerset office of Colliers Houston & Co.’s Somerset office. Terms were not released; availabilities currently adding up to about one-third of the building’s total space are currently listed with an asking price of $23.75 per sf plus TE.

The building was originally constructed in the early 1980s for Computer Associates, later known as CA Inc., which sold it in 2005 to current owner JER/Herring Orchard LLC, a joint venture of JER Partners of McLean, VA and locally based Herring Management. A $3-million capital improvement program was subsequently completed, and the asset was put on the market as a multi-tenant building in early 2007.

Other tenants include Johnson & Johnson, which agreed to lease 112,000 sf in April, and Oscient Pharmaceuticals, which signed on for 10,000 sf in May.

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.