B&G Foods Signs 15.7-Year Lease At Orion Properties’ 8 Sylvan Way In Parsippany

The property asset involved in this transaction is an office located at 8 Sylvan Way in Parsippany, with a total square footage of 46,000. The lease was signed by B&G Foods, marking a significant relocation for their headquarters and R&D operations from 4 Gatehall Dr.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not specified
• Lease Term: 15.7 years
• Landlord: Steve Palmesi - Orion Properties, Inc.
• Tenant: B&G Foods
• Landlord's Representative: David Stifelman & Tim Greiner - JLL
• Tenant's Representative: Ben Brenner & Josh Cohen - Cushman & Wakefield

The transaction highlights the collaboration between various representatives. JLL's David Stifelman and Tim Greiner represented the landlord, while Ben Brenner and Josh Cohen from Cushman & Wakefield acted on behalf of B&G Foods. The space will feature a custom-built food test kitchen tailored to the needs of the tenant.