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News release

EAST RUTHERFORD, NJ

JLL Secures 144,000 SF for GSK Consumer Healthcare at 184 Liberty Corner Road

Global consumer healthcare company signs 10-year lease at Center 78 to occupy portion of 1st floor, entire 2nd floor at Class A, 372,000-SF office building in Warren, NJ


EAST RUTHERFORD, N.J., June 19, 2015 — JLL completed a new, direct lease for GSK Consumer Healthcare at 184 Liberty Corner Road, also known as Center 78, in Warren, N.J., with Normandy Real Estate Partners. The global consumer healthcare company signed a 10-year lease for 144,000 square feet of space at the Class A, 372,000-square-foot commercial office building.

The tenant was represented by Daniel Loughlin, international managing director and brokerage lead for New Jersey; Scott Lesh, managing director; and J.C. Giordano III, executive vice president, all with JLL. Building owner Normandy Real Estate Partners, was represented by William O’Keefe, senior vice president, with DTZ.

“GlaxoSmithKline Consumer Healthcare and Novartis OTC recently formed GSK Consumer Healthcare to create a leading fast-moving consumer healthcare company,” said Lesh. “JLL was selected to find a first-class, centrally located office building that could serve as the headquarters of a new U.S headquarters. As GSK would be the largest tenant at Center 78, we were able to negotiate a branding opportunity for the company that includes high-profile building signage. The new company plans to create a GSK Shopper Science Lab that will use state-of-the art shopper insight tools and technologies to understand how and why shoppers make decisions and what influences their choices.”

GSK Consumer Healthcare signed a 10-year lease for 144,000 square feet of space and will occupy a portion of the first floor and the entire second floor at 184 Liberty Corner Road, which is located directly off the Exit 33 ramp of I-78 at Martinsville Road in Warren, N.J. The newly formed company is opening its U.S. corporate headquarters at the office building.

The four-story Center 78 was constructed in 1982. Normandy Real Estate Partners completed a multi-million capital improvement project at the building in 2012, with the effort including a new main entrance, lobby, elevator cabs and bathrooms, fitness and conference facilities. The property also features a 3,200-square-foot, full-service café; a 1,500-square-foot conference center and a 2,200-square-foot fitness center.

JLL is a leader in the northern/central New Jersey commercial real estate market, with nearly 750 professionals and support staff providing agency leasing, tenant representation, industrial services, strategic consulting, project and development services, property management and investment sales/capital markets services to New Jersey’s leading corporate tenants, investors and landlords. The firm, which assists clients from three full-service offices in Parsippany, Iselin (Metropark) and East Rutherford, also acts as local service provider for JLL global and national corporate clients in need of real estate assistance in New Jersey. JLL’s New Jersey operations were honored by NJBiz magazine as one of its 2015 Best Places to Work in New Jersey.

About JLL
JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $4.7 billion and gross revenue of $5.4 billion, JLL has more than 230 corporate offices, operates in 80 countries and has a global workforce of approximately 58,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.4 billion square feet, or 316 million square meters, and completed $118 billion in sales, acquisitions and finance transactions in 2014. Its investment management business, LaSalle Investment Management, has $55.3 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.