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Broker Does Three-Lease Package for Insurer

CHATHAM, NJ-State Farm signs up for almost 50,000 sf of office and back office space in three counties. The largest site will be a claims processing center into which tenants will move in early next year.

By Eric Peterson | Updated on December 22, 2000

CHATHAM, NJ-State Farm Insurance and commercial real estate firm the Garibaldi Group, based here, have had a long-term working relationship in the Northeast. That relationship paid off for both when the nation’s largest insurer of cars and homes signed three separate leases in transactions arranged by Garibaldi.

In the largest of the three, State Farm took more than 40,000 sf at 4 Becker Farm Rd. in Roseland, NJ. The space will be used as a claims processing center when the tenant takes occupancy in the first quarter of next year.

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