Unilever North American Headquarters
700 & 800 Sylvan Avenue, Englewood Cliffs, NJ
- 686,000 rentable sf
- Partially realized
Normandy, along with OVG Real Estate, is co-developing Unilever’s North American Headquarters at 700 Sylvan Avenue. The redevelopment of the 321,000 square foot property includes a full modernization of base building systems, the introduction of smart building technologies, and the creation of a new entry pavilion and glass atrium marketplace to provide Unilever’s 1,600 employees with a state of the art, LEED Platinum facility.
Normandy acquired 800 Sylvan Avenue, a three building property totaling 365,000 square feet. During the acquisition, Normandy completed a long-term leaseback with Unilever for a significant portion of the building while also providing Unilever with short term space during the redevelopment and construction of the 700 Sylvan Avenue property. Normandy monetized the long-term leased portion of the property through a sale to a core buyer. The balance of the campus will be redesigned and entitled for redevelopment for third party tenancy. Normandy is currently marketing a 260,000 square foot renovation-to-suit headquarters that can be ready for occupancy within 24 months.