Completed last month, Building F was developed by a joint venture of Quinlan Private Golub, Heitman Central Europe Real Estate Partners (HCEPP) and GE Real Estate at a cost of approximately $21 million (euros 16 million). Quinlan Private Golub has the leasing assignment. Both tenants were represented by Cushman & Wakefield.
A source familiar with the transaction tells GlobeSt.com that both Johnson & Johnson Poland and Janssen-Cilag Poland each signed long-term leases, which in Poland are typically between 60 and 72 months. While the negotiated lease rate was not released, the average asking triple-net lease rate for space in the building is 14 euros per square meter per month.
New Jersey based Johnson & Johnson and its 200 operating companies are multi-national manufacturers of pharmaceutical, diagnostic, therapeutic, surgical, and biotechnology products, as well as personal hygiene products. Janssen-Cilag is its prescriptions medicines arm.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.