Barnes & Noble Education Moving US Headquarters to Florham Park
Cushman & Wakefield has negotiated a lease for Barnes & Noble Education’s (BNED) U.S. headquarters at 180 Park Avenue in Florham Park. The company, an independent public company and parent of Barnes & Noble College, signed a deal to lease 29,127 square feet on the third floor of the Class A office building, where it will relocate in the fourth quarter of 2025, moving from Basking Ridge. BNED is a leading solutions provider for the education industry, driving affordability, access and achievement at hundreds of academic institutions nationwide.
Cushman & Wakefield’s Brian Decillis and William O’Keefe represented the landlord, Vision Properties, in the transaction. BNED was represented by Gregg Najarian, Slava Vaynberg, and Neel Shah of Savills.
“We are proud to have executed this transaction, which highlights our ability to solve complex challenges in real time. Coordinating BNED’s headquarters requirement with Maersk’s early downsizing preserved occupancy, protected value, and reinforced 180 Park Avenue as a premier Class A asset. This reflects the type of hands-on, solutions-oriented asset management that drives long-term investor returns,” commented David Milewski of Vision Properties
Decillis added, “This notable headquarters lease with Barnes & Noble Education continues the recent leasing success at 180 Park, highlighting the flight-to-quality trend in the New Jersey Suburbs, benefiting Class A assets and owners, like Vision Properties. With this transaction, 180 Park is now 90% leased, with only two spaces remaining.”
The BNED lease comes on the heels of strong activity at the property, where Cushman & Wakefield recently arranged three new long-term leases with Mariner Wealth Advisors, Finazzo Cossolini O’Leary Meola & Hager LLC., and Rockefeller Capital Management. 180 Park Avenue offers a dramatic atrium lobby, a full-service cafeteria and coffee bar, a fitness center and studio, a tenant lounge, conference center, garage parking and an outdoor patio with seating, WiFi and walking trails. The building is part of The Green at Florham Park, a master-planned campus that includes The Summit Medical Group, The Archer Hotel, The Ave Florham Park and the New York Jets training facility.