BASF Headquarters Lease Wins United Way's 2011 Impact Award
19 May, 2011, Morristown, NJ
Chemical and materials giant BASF is building a new North American headquarters at The Green at Florham Park, and that project has garnered the 2011 United Way of Northern New Jersey Commercial Real Estate Network's Impact Award. The 325,000-square-foot build-to-suit lease transaction was arranged by the Cushman & Wakefield, Inc. team of Robert Donnelly, Robert Donnelly Jr., Marc Rosenberg, and Ben Brenner. The owner of the property is The Rockefeller Group.
The honor was announced at the United Way Commercial Real Estate Network Legacy Luncheon on May 6. "This annual event places the spotlight on the tremendous infrastructure needs faced by local nonprofits and recognizes the real estate transaction that had the greatest positive impact in Morris County within the past year," said Theresa Lepore, United Way's senior vice president for resource development.
Currently under construction, BASF's new class A North American headquarters is slated for delivery in mid-2012. The facility will combine the current headquarters at 100 Campus Drive in Florham Park with operations based in Rockaway, N.J., bringing 1,400 employees under one roof, with room for future growth.
The United Way award marks the third time this month that the BASF transaction has been so honored. The Morris County Economic Development Corporation awarded the Cushman & Wakefield, Inc. team with its Top Real Estate Broker Award at MCEDC's 19th Annual Partners in Economic Development Awards Lunch. The deal also was honored with NAIOP New Jersey?s Creative Deal of the Year-Office award.
"This location met BASF's goal of having all or most of their operations in one place," said Robert Donnelly. "The result is the largest build-to-suit agreement in New Jersey in several years."