JLL has completed a long-term, 46,000-square-foot lease with B&G Foods at 8 Sylvan Way, the repositioned Parsippany office property owned by Orion Properties Inc.
With roots dating back to the 1880s, B&G is a branded food holding company with products ranging from B&G Pickles and B&M Baked Beans to Ortega Mexican meal products. The company signed a 15.7-year lease to relocate its corporate headquarters from nearby 4 Gatehall Dr. and consolidate its North America operations across the entire second floor and a portion of the third floor within the east wing of 8 Sylvan Way.
JLL’s Project Development Services will build out the space on behalf of Orion to include a test kitchen for B&G Foods to undertake research, new product formulation and quality control. The company will relocate before the end of the year.
“Orion is pleased to welcome another distinguished tenant to 8 Sylvan Way as we advance our property’s comprehensive redevelopment plan and continue to find innovative ways to meet the demands of today’s tenants seeking office, research or laboratory space,” said Steve Palmesi, investment manager, Orion Properties Inc.
8 Sylvan Way was extensively renovated in 2009 to house the executive offices of The Medicines Company, which was later acquired by pharma giant Novartis. Orion received the space back from Medicines when its lease expired at the end of 2023 and commenced plans to redevelop the 166,039-square-foot structure as a multi-tenant hub for companies seeking collaborative space for office, research or laboratory use. The plan has already led to the lease of 55,730 square feet to law firm Day Pitney LLP, which will relocate to the property in September from 1 Jefferson Rd. in Parsippany.
Comprised of two three-story buildings connected by a glass atrium, 8 Sylvan Way is situated on 15 acres of land with a picturesque lake, outdoor seating areas and walking and bike trails. Orion is scheduled to complete its multimillion-dollar capital improvement program by Aug. 2025. The work includes upgrades to the parking lot, the installation of electric vehicle charging stations, and new landscaping and walking trails. The property’s three training rooms and board room are also being renovated. Along with new audio-visual technology, the interconnected rooms will be able to provide town hall capacity for up to 350 people and offer access to the onsite cafe. The lobby is also being modernized, while the fitness center is being upgraded with new locker rooms and showers.
Tenants will also be able to use expanded health and wellness services offered by LifeTime Fitness when it opens next door. That upscale health club chain offers studios, saunas, spas, athletic courts, and swimming pools.
A JLL team led by Tim Greiner and David Stifelman serves as exclusive leasing agent for 8 Sylvan Way and represented ownership in the B&G Foods lease. The tenant was represented by Josh Cohen and Ben Brenner of Cushman & Wakefield.’
