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Deals & Dealmakers

JLL completes BASF lease in NJ

JLL completed a new, direct lease for BASF Corp. at 33 Wood Avenue South in Iselin, N.J., with Metro Park Associates LLC. The chemical company inked a long-term lease for 59,375 square feet at the Class A, 137,400-square-foot office building.

BASF was represented by Robert Ryan, senior vice president, along with Daniel Loughlin, managing director and brokerage lead for New Jersey, and Mark Siegler, executive vice president, all with JLL. The team worked closely with David Willison, national director of real estate and facilities for BASF. Building owner Metro Park Associates was represented by Jonathan Meisel, managing director, and John Kaye and Peter Politi, vice presidents, all with JLL.

“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,” said Ryan. “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.”

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