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.