Thank you for sharing!

Your article was successfully shared with the contacts you provided.

It's certainly no surprise that, in the depths of the downturn, with increasing vacancy rates, declining rents, the high costs of doing business and mounting competition from surrounding states, New Jersey was burdened with its share of economic woes. Given the employment crisis, the credit crunch and the fight to salvage profitability, high-concept initiatives like sustainability and reducing one's carbon footprint often fell by the wayside.

Until now. Renewed confidence in the state's office market has led to a resurgence in green building. And few places reflect this better than the New York City-based Rockefeller Group's latest project: the 325,000-square-foot North American headquarters of BASF Corp., located at the Green at Florham Park, a 268-acre masterplanned development in Morris County. After opening amid much fanfare in May of this year, the building—home to some 1,400 workers—has already hit a major milestone: LEED Double-Platinum Certification by the US Green Building Council. Not only is it one of just five buildings across the nation to receive such a designation, but it also sets a new standard for the state and the entire CRE industry.

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

*May exclude premium content
Already have an account?


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 © 2021 ALM Media Properties, LLC. All Rights Reserved.