Barr Pharmaceuticals taps C&W for sublet.Cushman & Wakefield of New Jersey, Inc. announced that Barr Pharmaceuticals Barr Pharmaceuticals, Inc., (NYSE: [http://www.nyse.com/about/listed/lcddata.html?ticker=BRL BRL]) is global specialty pharmaceutical company that operates in more than 30 countries worldwide and is engaged in the development, manufacture and marketing of generic and has appointed the company to market Barr's 90,000 s/f administrative headquarters at 400 Chestnut Ridge Road in Woodcliff Lake, N.J., for sublease sublease n. the lease of all or a portion of premises by a tenant who has leased the premises from the owner. A sublease may be prohibited by the original lease, or require written permission from the owner. . The property's new tenant will join BMW BMW in full Bayerische Motoren Werke AG German automaker. Founded as an aircraft engine manufacturer in 1916, the company assumed the name Bayerische Motoren Werke and became known for its high-speed motorcycles in the 1920s. , Mercedes, KPMG KPMG Klynveld Peat Marwick Goerdeler (accounting firm) KPMG Kaiser Permanente Medical Group KPMG Keiner Prüft Mehr Genau (German) KPMG Kommen Prüfen Meckern Gehen and Eisai Pharmaceuticals, among others, as an occupant of this prestigious Bergen County corporate neighborhood. According to Cushman & Wakefield's David Stifelman, who is heading the assignment, the long-term sublet sub·let tr.v. sub·let, sub·let·ting, sub·lets 1. To rent (property one holds by lease) to another. 2. To subcontract (work). n. availability is ideally suited to a corporate entity seeking a magnificent stand-alone, Class A building. "This is a corporate headquarters-quality property in a marketplace that caters to elite tenants," he said. "Its high-profile visibility, location and amenities make it, arguably, one of the best current opportunities in the competitive local market." Among its highlights, 400 Chestnut Ridge Road offers a traffic light-controlled entrance and sits adjacent to Exit 171 of the Garden State Parkway The Garden State Parkway is a 172.4-mile (277-km) limited-access toll parkway that stretches the length of New Jersey from the New York state line at Montvale, New Jersey, to Cape May at the southern tip of the state. Its name refers to the state nickname, the "Garden State". . Barr Pharmaceuticals completely renovated 400 Chestnut Ridge Road upon moving there in 2004. The property's features include Parkway signage, 85 covered executive parking spaces, a data center with backup generator, a conference center and training rooms, video conferencing, a full-service corporate cafeteria, closed-circuit television security, and attractive outdoor seating areas. The building will be available for move-in at the end of 2007, when Barr Pharmaceuticals relocates its Bergen County operation to neighboring Montvale. Stifelman, who is based in Cushman & Wakefield's East Rutherford, N.J., office, and Mitti Liebersohn, of C&W's Manhattan headquarters, also represented Barr in that recent, 142,500 s/f lease. |
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