FLORHAM PARK — Barnes & Noble Education, Inc. (BNED), the independent public company and parent of Barnes & Noble College, will move its U.S. headquarters from Basking Ridge to Florham Park following the close of a new lease agreement.
Cushman & Wakefield announced that BNED signed for 29,127 square feet on the third floor at 180 Park Avenue, a Class A office building within The Green at Florham Park. The relocation is scheduled for the fourth quarter of this year. BNED currently occupies offices at 120 Mountain View Boulevard in Basking Ridge.
The deal, brokered by a Cushman & Wakefield team led by Managing Director Brian Decillis and Executive Director William O’Keefe, represents landlord Vision Properties. Tenant representation came from Savills Vice Chairman and Market Leader Gregg Najarian, Senior Managing Director Slava Vaynberg, and Associate Neel Shah.
David Milewski, Northeast vice president at Vision Properties, highlighted the strategic aspect of the move. “Coordinating BNED’s headquarters requirement with Maersk’s early downsizing preserved occupancy, protected value, and reinforced 180 Park Avenue as a premier Class A asset,” he said. Vision Properties, based in Tampa, also operates an office in Morristown.
In August, Cushman & Wakefield also announced that Maersk USA extended its lease at the property, where it has anchored operations since 2014. Three additional tenants recently joined the roster, adding momentum to leasing activity in Morris County.
Class A Amenities
Decillis noted that the move reflects a broader “flight to quality” trend in New Jersey’s office market, with tenants seeking high-quality spaces and robust amenities. With the BNED lease, 180 Park Avenue is now 90% leased, leaving only two spaces available.
The building offers modern amenities, including a dramatic atrium lobby, full-service cafeteria and coffee bar, fitness center and studio, tenant lounge, conference facilities, garage parking, outdoor seating patios, Wi-Fi, and walking trails.
Part of The Green at Florham Park, the campus also features The Summit Medical Group, The Archer Hotel, The Ave Florham Park, and the New York Jets training facility. Its location provides easy access to downtown Morristown and Madison, with numerous dining, hotel, and recreation options. A daily shuttle connects tenants to NJ Transit, with train service to Manhattan in under 45 minutes.
