{"id":1004316497,"date":"2019-04-15T22:43:02","date_gmt":"2019-04-16T06:43:02","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004316497"},"modified":"2021-09-10T09:49:26","modified_gmt":"2021-09-10T17:49:26","slug":"celularity-relocates-consolidates-new-jersey-hq","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/celularity-relocates-consolidates-new-jersey-hq\/","title":{"rendered":"Celularity Relocates, Consolidates New Jersey HQ"},"content":{"rendered":"<div id=\"attachment_1004316500\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/04\/7243.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004316500\" data-attachment-id=\"1004316500\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/celularity-relocates-consolidates-new-jersey-hq\/attachment\/7243\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/04\/7243.jpg\" data-orig-size=\"1000,775\" data-comments-opened=\"0\" 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;0&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=\"170 Park Ave.\" data-image-description=\"&lt;p&gt;170 Park Ave. &lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;170 Park Ave. &lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/04\/7243.jpg?w=1000\" class=\"wp-image-1004316500 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/04\/7243.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/04\/7243.jpg 1000w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/04\/7243.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/04\/7243.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004316500\" class=\"wp-caption-text\">170 Park Ave.<\/p><\/div>\n<p>In New Jersey\u2019s largest office lease transaction for the first quarter of 2019, Celularity will be taking the entire 170 Park Ave. in Florham Park as its new headquarters. The clinical-stage cell therapeutics company will start moving to the Lone Star Funds-owned asset in April, consolidating its corporate offices, manufacturing and research and development operations.<\/p>\n<p>The 147,215-square-foot property is part of 170-180 Park Ave., a two-building, 368,780-square-foot office campus. The asset underwent capital improvements, which resulted in design changes and new service-based amenities that emphasize employee engagement. Following Celularity\u2019s new lease, the campus has 70,000 square feet of vacant office space.<\/p>\n<h2>Strategic location<\/h2>\n<p>The property sits on 90 acres across The Green at Florham Park, a 268-acre, master-planned complex encompassing restaurants, New York Jets&#8217; training facility, BASF\u2019s North American Headquarters, the AVE Florham Park community, an ARCHER Hote&nbsp;and Summit Medical Group\u2019s latest and most advanced location. Nearby amenities include parks and golf courses, retailers and entertainment options, all located within a roughly 10-minute drive. Major thoroughfares such as routes 24 and 10, as well as interstates 287, 78 and 80, provide easy access throughout the entire area.<\/p>\n<p>\u201c<em>Attracted in large part to the significant upgrades to infrastructure and amenities, Celularity seized the opportunity to become part of the innovative environment that\u2019s emerged in Florham Park,<\/em>\u201d said Transwestern Commercial Services Principal James Postell, in a prepared statement.<\/p>\n<p>Postell, Managing Director Matt McDonough and Vice President Dan Ligorner acted on behalf of the landlord in the lease transaction. Colliers New Jersey Life Sciences Practice Leader &amp; Executive Managing Director Charlie Hatfield and Vice President Ryan Healy represented the tenant. Earlier this month, Colliers&nbsp;<a href=\"https:\/\/www.commercialsearch.com\/news\/bank-of-montreal-affiliate-inks-215-ksf-at-durst-org-tower\/\">arranged another major office lease<\/a>&nbsp;in Manhattan.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 147,215-square-foot 170 Park Ave. in Florham Park will house the company\u2019s corporate offices, manufacturing and research and development operations.<\/p>\n","protected":false},"author":741,"featured_media":1004316500,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21743,1600,21742,10,21747],"tags":[32763,35235,33313],"class_list":["post-1004316497","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-deals","category-new-york","category-latest","category-northeast","category-office","tag-colliers-international","tag-lone-star-funds","tag-transwestern"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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