{"id":1004150427,"date":"2016-08-19T05:29:20","date_gmt":"2016-08-19T13:29:20","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004150427"},"modified":"2020-05-08T00:50:34","modified_gmt":"2020-05-08T08:50:34","slug":"pharma-giant-allergan-relocates-jersey-hq","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/pharma-giant-allergan-relocates-jersey-hq\/","title":{"rendered":"Pharma Giant Allergan Relocates Jersey HQ"},"content":{"rendered":"<p>By Ioana Neamt<\/p>\n<div id=\"attachment_1004150431\" style=\"width: 265px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/5-Giralda-Farms-1-e1440700558354.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004150431\" data-attachment-id=\"1004150431\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/pharma-giant-allergan-relocates-jersey-hq\/5-giralda-farms-1-e1440700558354\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/5-Giralda-Farms-1-e1440700558354.jpg\" data-orig-size=\"600,400\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1366662402&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"5-Giralda-Farms-1-e1440700558354\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/5-Giralda-Farms-1-e1440700558354.jpg?w=600\" class=\"wp-image-1004150431\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/5-Giralda-Farms-1-e1440700558354.jpg\" alt=\"5 Giralda Farms, Madison, N.J.\" width=\"255\" height=\"170\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/5-Giralda-Farms-1-e1440700558354.jpg 600w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/5-Giralda-Farms-1-e1440700558354.jpg?resize=300,200 300w\" sizes=\"auto, (max-width: 255px) 100vw, 255px\" \/><\/a><p id=\"caption-attachment-1004150431\" class=\"wp-caption-text\">5 Giralda Farms, Madison, N.J.<\/p><\/div>\n<p><strong>New York<\/strong>\u2014Pharmaceutical giant <a href=\"https:\/\/www.allergan.com\/home\" rel=\"nofollow\" target=\"_blank\">Allergan<\/a>, the company behind products such as Botox, has relocated its U.S. headquarters from Parsippany, N.J., to Madison, N.J., in the state\u2019s largest lease of the year so far.<\/p>\n<p><a href=\"https:\/\/www.ngkf.com\/\" rel=\"nofollow\" target=\"_blank\">Newmark Grubb Knight Frank<\/a> announced that Allergan leased the entire 431,495-square-foot property at 5 Giralda Farms for a 13-year term. The company received more than $58 million in state incentives as part of the Grow New Jersey program and will also incorporate an above-grade parking garage at the facility. With the move to 5 Giralda Farms, Allergan will consolidate three of its existing New Jersey office locations in Parsippany, Bridgewater and Jersey City, bringing together a total of 1,800 employees.<\/p>\n<p><a href=\"https:\/\/www.us.jll.com\/united-states\/en-us\" rel=\"nofollow\" target=\"_blank\">JLL<\/a>\u2019s International Director Daniel Loughlin and Vice President Jodie Mathews represented Allergan in the lease transaction.<\/p>\n<div id=\"attachment_1004150432\" style=\"width: 265px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/Giralda-1-e1440520365390.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004150432\" data-attachment-id=\"1004150432\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/pharma-giant-allergan-relocates-jersey-hq\/giralda-1-e1440520365390\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/Giralda-1-e1440520365390.jpg\" data-orig-size=\"600,400\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Photographer: Christian Garibaldi&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1366386263&quot;,&quot;copyright&quot;:&quot;Copyright 2012 Christian Garibaldi&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Giralda-1-e1440520365390\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/Giralda-1-e1440520365390.jpg?w=600\" class=\"wp-image-1004150432\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/Giralda-1-e1440520365390.jpg\" alt=\"5 Giralda Farms, Madison, N.J.\" width=\"255\" height=\"170\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/Giralda-1-e1440520365390.jpg 600w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/Giralda-1-e1440520365390.jpg?resize=300,200 300w\" sizes=\"auto, (max-width: 255px) 100vw, 255px\" \/><\/a><p id=\"caption-attachment-1004150432\" class=\"wp-caption-text\">5 Giralda Farms, Madison, N.J.<\/p><\/div>\n<p>The 50-acre 5 Giralda Farms is owned by a <a href=\"https:\/\/lincolnequities.com\/\" rel=\"nofollow\" target=\"_blank\">Lincoln Equities<\/a> partnership and located within the Giralda Farms office campus\u2014formerly the Dodge Estate. The building was previously occupied by Pfizer\u2019s U.S. headquarters.<\/p>\n<p>\u201cAllergan\u2019s flight to quality and the company\u2019s willingness to collaborate with government to make the transaction mutually beneficial represents the firm\u2019s vision into 2017 and thereafter,\u201d David Simson, vice chairman at NGKF who represented Lincoln Equities in the transaction, said in a statement. \u201cThe extensive repositioning that Lincoln Equities completed at 5 Giralda Farms made it an ideal location for a world-class corporate tenant like Allergan.\u201d<\/p>\n<p>Amenities at 5 Giralda Farms include six conference facilities, a 345-seat dining room, an 15,000-square-foot fitness center with basketball court, on-site daycare facilities and carriage house. Additional investment into the building will exceed $100 million, according to NGKF.<\/p>\n<p><em>Images courtesy of Lincoln Equities<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company&#8217;s move to Giralda Farms marks the largest lease of the year in New Jersey thus far.<\/p>\n","protected":false},"author":192,"featured_media":1004150431,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21783,1600,21742,10,21747],"tags":[],"class_list":["post-1004150427","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-investment","category-new-york","category-latest","category-northeast","category-office"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Pharma Giant Allergan Relocates Jersey HQ - 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