{"id":1004756113,"date":"2025-04-29T23:06:09","date_gmt":"2025-04-30T07:06:09","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004756113"},"modified":"2025-04-30T00:09:25","modified_gmt":"2025-04-30T08:09:25","slug":"bg-foods-eyes-hq-relocation-in-new-jersey","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/bg-foods-eyes-hq-relocation-in-new-jersey\/","title":{"rendered":"B&amp;G Foods Eyes HQ Relocation in New Jersey"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/8-Sylvan-Way.-Image-courtesy-of-CommercialEdge-edited.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"750\" data-attachment-id=\"1004756212\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/8-sylvan-way-image-courtesy-of-commercialedge-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/8-Sylvan-Way.-Image-courtesy-of-CommercialEdge-edited.jpg\" data-orig-size=\"1000,750\" 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;\\u00a9 Yardi Systems, Inc.&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=\"8 Sylvan Way. Image courtesy of CommercialEdge\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;The three-story office building is currently undergoing a capital improvement plan. Image courtesy of CommercialEdge&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/8-Sylvan-Way.-Image-courtesy-of-CommercialEdge-edited.jpg?w=1000\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/8-Sylvan-Way.-Image-courtesy-of-CommercialEdge-edited.jpg\" alt=\"Exterior shot of 8 Sylvan Way, an office building in Parsippany, N.J. The image shows the facade and trees in front of the building\" class=\"wp-image-1004756212\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/8-Sylvan-Way.-Image-courtesy-of-CommercialEdge-edited.jpg 1000w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/8-Sylvan-Way.-Image-courtesy-of-CommercialEdge-edited.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/8-Sylvan-Way.-Image-courtesy-of-CommercialEdge-edited.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/a><figcaption class=\"wp-element-caption\">The three-story office building is currently undergoing a capital improvement plan. <em>Image courtesy of CommercialEdge<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>B&amp;G Foods has signed a 46,000-square-foot, long-term headquarters lease at 8 Sylvan Way, a 166,039-square-foot office building in Parsippany, N.J. JLL represented the owner, Orion Properties, while Cushman &amp; Wakefield worked on behalf of the tenant.<\/p>\n\n\n\n<p>The firm will use the headquarters for research, developing new products and ensuring quality control. The <a href=\"https:\/\/www.commercialsearch.com\/news\/where-are-most-corporate-relocations-taking-place\/\">corporate relocation<\/a> is scheduled to be completed by the end of the year.<\/p>\n\n\n\n<p>Orion has tapped JLL\u2019s Project Development Services to build out the space for B&amp;G Foods, which will feature a test kitchen. <\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/office-vacancy-increase-persists-commercialedge\/\">High Office Vacancy Persists Across U.S.<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>The branded food holding company will occupy the second- and third-floor space for 15.7 years. The firm will relocate from 4 Gatehall Drive, a 248,480-square-foot property less than 2 miles from their new location.<\/p>\n\n\n\n<p>Rising three stories at 8 Sylvan Way, the building is close to a host of dining and retail options, as well as 31 miles from downtown Jersey City, N.J. Newark Liberty International Airport is within 24 miles.<\/p>\n\n\n\n<p>New Jersey\u2019s average listing rate as of March clocked in at almost $33.4, according to the latest <a href=\"https:\/\/www.commercialsearch.com\/news\/commercialedge-office-report-april-2025\/\">CommercialEdge office report<\/a>. The market\u2019s vacancy rate during the same month was 19.0 percent, up 90 basis points over a 12-month period, but still below the 19.9 percent national average.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-a-completely-redeveloped-office-building\">A completely redeveloped office building<\/h2>\n\n\n\n<p>Initially completed in 1979, the building went through a complete redevelopment in 2009 to house the executive offices of The Medicines Co. After that lease expired in 2023, Orion commenced plans to renovate the property, which included upgrades to the parking lot, EV charging stations and walking trails. <\/p>\n\n\n\n<p>Additionally, the owner is renovating the training rooms and board room, as well as the lobby and fitness center.\u00a0The capital improvement plan is scheduled for completion this August.<\/p>\n\n\n\n<p>JLL Executive Managing Director Tim Greiner and Senior Managing Director David Stifelman led the team that represented the ownership. Cushman &amp; Wakefield Executive Managing Director Josh Cohen and Executive Vice Chair Ben Brenner worked on behalf of the tenant.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company will occupy the 46,000-square-foot space for about 16 years.<\/p>\n","protected":false},"author":3355,"featured_media":1004756212,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,1600,21742,10,21747],"tags":[32799,32796],"class_list":["post-1004756113","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-new-york","category-latest","category-northeast","category-office","tag-cushman-wakefield","tag-jll"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>B&amp;G Foods Eyes HQ Relocation in New Jersey - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"B&amp;G Foods signed a 46,000-square-foot, long-term headquarters lease at 8 Sylvan Way, an office building in Parsippany, N.J.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/bg-foods-eyes-hq-relocation-in-new-jersey\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"B&amp;G Foods Eyes HQ Relocation in New Jersey\" \/>\n<meta property=\"og:description\" content=\"B&amp;G Foods signed a 46,000-square-foot, long-term headquarters lease at 8 Sylvan Way, an office building in Parsippany, N.J.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/bg-foods-eyes-hq-relocation-in-new-jersey\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2025-04-30T07:06:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-04-30T08:09:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/8-Sylvan-Way.-Image-courtesy-of-CommercialEdge-edited.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"750\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Vicentiu Fusea\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/bg-foods-eyes-hq-relocation-in-new-jersey\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/bg-foods-eyes-hq-relocation-in-new-jersey\\\/\"},\"author\":{\"name\":\"Vicentiu Fusea\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/6f90c90d1e85956f06679ddabc844412\"},\"headline\":\"B&amp;G Foods Eyes HQ Relocation in New Jersey\",\"datePublished\":\"2025-04-30T07:06:09+00:00\",\"dateModified\":\"2025-04-30T08:09:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/bg-foods-eyes-hq-relocation-in-new-jersey\\\/\"},\"wordCount\":354,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/bg-foods-eyes-hq-relocation-in-new-jersey\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2025\\\/04\\\/8-Sylvan-Way.-Image-courtesy-of-CommercialEdge-edited.jpg\",\"keywords\":[\"Cushman &amp; 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