Octapharma to move HQ to Hoboken, NJ

Pharmaceutical company to move U.S. headquarters to NJ office park


The third and final commercial office building on the campus, and the Hoboken waterfront, will be Waterfront Corporate Center III, a 520,000 square foot, 14-story, Class-A office tower. SJP Properties announced in November that Waterfront Corporate Center III will seek Leadership in Energy and Environmental Design (LEED) Silver certification from the U.S. Green Building Council, making the building one of the largest LEED-certified commercial developments in New Jersey.

With SJP Properties commitment to also build its flagship 11 Times Square as a LEED Gold certified tower, the company has launched one of the largest environmentally responsible commercial development initiatives in the Northeast. The 40-story, 1.1 million square foot Manhattan office tower is the largest speculative commercial development under construction in New York City and will be delivered to the market for tenant occupancy in late 2009.

About SJP Properties

For more than 25 years, SJP Properties has been setting the benchmark for excellence in speculative, build-to-suit, investment and development services of Class-A office space in the New York Metropolitan area serving major multinational and national tenants. Throughout its history, the company has developed in excess of 20 million square feet of headquarters-quality, Class-A office space and currently has an additional 6 million square feet in its development pipeline. SJP Properties is headquartered in Parsippany, New Jersey. SJP Properties is presently developing over $1.5 billion of commercial and residential properties in the New York metropolitan area, including 11 Times Square, a 1.1 million-square-foot commercial and retail tower that will be delivered to the market in 2009. For more information on SJP Properties, please call (973) 299-9117 or visit www.sjpproperties.com.

About Jones Lang LaSalle

Jones Lang LaSalle (NYSE: JLL), the only real estate money management and services firm named to FORTUNE magazine's "100 Best Companies to Work For" and Forbes magazine's "400 Best Big Companies," has approximately 160 offices worldwide and operates in more than 450 cities in over 50 countries. With 2006 revenue of more than $2.0 billion, the company provides comprehensive integrated real estate and investment management expertise on a local, regional and global level to owner, occupier and investor clients. Jones Lang LaSalle is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.3 billion square feet worldwide. In 2006, the firm completed capital markets sales and acquisitions, debt financing, and equity placements on assets and portfolios valued at $70.9 billion. LaSalle Investment Management, the company's investment management business, is one of the world's largest and most diverse real estate money management firms, with approximately $46.9 billion of assets under management. For further information, please visit our Web site, www.joneslanglasalle.com.

About Octapharma

Octapharma, a Swiss-based company, is an independent, global plasma fractionation specialist. Its core business is the development, production and sale of high quality plasma derivatives. From its foundation in 1983 the company has grown to employ over 1800 people in 27 countries, including the United States. Octapharma first opened offices in Virginia in 2004 before relocating to Hoboken, N.J. in 2008.

For more information, please visit www.octapharma.com.