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Reckson inks long-term deal.


Reckson Associates Realty realty n. a short form of "real estate." (See: real estate)


REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property.
 Corp. announced that Daiichi Pharmaceutical Corporation has signed a long-term Long-term

Three or more years. In the context of accounting, more than 1 year.


long-term

1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term.
 lease to occupy the entire building at the Company's newly acquired 3 Giralda Farms.

Reckson acquired 3 Giralda Farms, a 141,000 square foot, Class A office building located within the highly desirable Giralda Farms Corporate Campus in Madison, New Jersey Madison is a borough in Morris County, New Jersey, in the United States. As of the United States 2000 Census, the population was 16,530. It also is known as, "The Rose City. , in July of 2004.

CB Richard Ellis' Jeffrey Babikian, Senior Vice President, and Linda Dow (Direct OverWrite) See magneto-optic disk. , Executive Vice President, represented Daiichi in this transaction. Daiichi also qualified for grants under the Business Employment Incentive Program legislation.

Todd Todd , Sir Alexander Robertus 1907-1997.

British chemist. He won a 1957 Nobel Prize for his study of nucleic acids and nucleotide structures.
 Rechler, Corporate Senior Vice President and Managing Director of Reckson's New Jersey Division, stated, "We are very pleased to announce this full-building lease at 3 Giralda just two months after we acquired this trophy asset and to welcome Daiichi to our premier roster of tenants."

Mr. Rechler continued, "We congratulate the team of Jeffrey Babikian and Linda Dow for partnering with Reckson to meet all of Daiichi's needs in such a timely manner."

3 Giralda Farms is a four story, Class A office building, situated within a park-like setting.
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Article Details
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Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Dec 8, 2004
Words:179
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