Pharmaceutical company moves global headquarters to Greater Morristown
MORRIS TOWNSHIP, NJ — Intercept Pharmaceuticals will move its global headquarters from Manhattan to Greater Morristown. The company, which develops drugs to treat chronic liver disease, signed a lease at 305 Madison Ave. near Convent Station.
The biopharmaceutical company will occupy 26,174 square feet of office space in the three-story, 213,857-square-foot building, according to CBRE, a commercial real estate firm that arranged the lease. Crum & Forster, a national property and casualty insurance group, owns the office building.
“Intercept Pharmaceuticals’ move from New York to Crum & Forster’s world-class headquarters in Morristown demonstrates the appeal of prime office space and competitive rents that New Jersey has to offer,” said Conor Dolan. of CBRE, which led the rental campaign. “We are delighted to welcome Intercept Pharmaceuticals to the Crum & Forster building and look forward to welcoming other high quality tenants as well.”
305 Madison Ave. — a 16.2-acre property — was completely renovated in 2018, according to CBRE. The office building includes amenities such as a fitness center, coffee/smoothie bar, auditorium and conference center, outdoor patio and rooftop space, covered parking, and security.
Intercept Pharmaceuticals has nearly 500 employees, according to its website.