"New Jersey, with its skilled labor pool, continues to be a desirable location for companies looking to maintain their competitive edge, and this property is strongly positioned in the market to address the requirements of these discerning firms,” adds Buckley in a statement.

CBRE’s Jeffrey Hipschman, Leo Paytas and Nick Savage are leading the assignment. Also, Adam Englander, Robert Norton, Conor Denihan, Todd Ward and Erin Wenzler will support leasing and marketing efforts.

“RXR is a world-class landlord that has an established, industry-leading reputation for impeccable management of its properties, and 1 Giralda Farms is a strong reflection of the company’s track record of excellence,” says Paytas. “The ownership is committed to funding significant capital improvements at this building so that it may continue to meet the needs of today’s modern companies, and we anticipate strong interest from a variety of tenants in the opportunities that are currently available.”

Giralda Farms is located on Madison Avenue, with direct access to Routes 24 and 287 and minutes from the Morristown Airport. Newark Liberty International Airport is about a 20-minute drive away. Todd Rechler of RXR noted that the campus offers a daily private shuttle to Convent Station 1.5 miles away, which has Midtown Direct train service to Manhattan.