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Medical Co. Grows HQ

WOODCLIFF LAKE, NJ-Two long-term leases have given Eisai Medical Research Inc. and two affiliates a 370,000-square-foot headquarters campus here.

By Maria Wood | Updated on April 02, 2009

WOODCLIFF LAKE, NJ-In a complex deal that entailed the termination of one lease and the sublet of a sublease, Eisai Medical Research Inc. will soon occupy a total of 160,000 square feet at two buildings here. With these deals, the company and two of its affiliates have established a 370,000-square-foot campus.

Currently, Eisai Inc. and Eisai Corp. of North America are housed in a 210,000-square-foot building at 100 Tice Blvd., a built-to-suit property that was completed two years ago. By the fall, EMR will move into two adjacent buildings–118,000 at 155 Tice Blvd. and 41,000 square feet at 300 Tice Blvd.

According to Daniel Foley, the senior managing director at Studley who represented Eisai in the deals–along with colleagues Chip Conklin, senior managing director, and Gregg Najarian, corporate managing director–EMR needed more space than the 140,000-square-foot building it currently occupies under a sublease in Ridgefield Park provided. That property will be sublet back to the landlord, Hartz Mountain Industries.

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