FLORHAM PARK — Celularity has signed a long-term lease for the entire 147,215-square-foot office building at 170 Park Avenue. The clinical-stage cell therapeutics company is relocating its headquarters from Warren, with completion expected early next year.
A Transwestern Commercial Services team of James Postell, Matt McDonough and Dan Ligorner represented the building owner. They co-brokered the transaction with Colliers New Jersey life sciences practice leader Charlie Hatfield and VP Ryan Healy, who represented Celularity.
The property is part of the two-building 170 – 180 Park Avenue office campus totaling 368,780 square feet and situated next to the master-planned Green at Florham Park. After substantial capital improvements, the campus has experienced strong leasing momentum, and the Celularity transaction marked what’s reportedly New Jersey’s largest new office lease for the first quarter of 2019.
The new lease allows Celularity to consolidate its corporate offices, manufacturing and R&D under one roof.