JLL Brokers BASF Consolidation Lease in Iselin, NJ

ISELIN, NJ—BASF Corp. is leasing almost 60,000 square feet at 33 Wood Avenue South, a class A, 137,400-square-foot office building owned by Metro Park Associates LLC. Jones Lang LaSalle brokered the lease for the chemical company, which is consolidating from two other locations.

“BASF sought to consolidate its office presence for its Catalyst Division in Metropark New Jersey into one facility and engaged JLL to evaluate its options,” says Robert Ryan, JLL senior vice president, who represented BASF with Daniel Loughlin, managing director and brokerage lead for New Jersey, and Mark Siegler, executive vice president. The team worked closely with David Willison, national director of real estate and facilities for BASF. “With Willison’s input and feedback from the user group we determined that 33 Wood Avenue South best met the company’s needs after thoroughly evaluating existing and build-to-suit opportunities in the market. JLL successfully negotiated a long-term lease that satisfied all of BASF’s criteria, including critical branding needs,” Ryan says.