Riker Danzig Handles Complex Lease for Jaguar NA Headquarters
Riker Danzig represented Jaguar Land Rover North American in its new long-term lease for the former Sharp Electronics property in Mahwah, New Jersey. Its new building is 147,000 square feet, allowing for expansion of up to 315 employees from its current number of 250 employees. Jaguar also plans to build a 30,000 square foot research and development center on the site, which will be used for both retailer and press events. Construction, which will begin this year, will allow Jaguar to take occupancy in early 2018.
Riker Danzig attorneys Nicholas Racioppi, James Lott, Cathleen Giuliana and Linda Herlihy played lead roles in the complex transaction. Jaguar made use of $28 million in state incentives to secure the deal, allowing it to stay in Mahwah as its North American headquarters.