Phillips Van Heusen (PVH) sought a new 160,000 sf HQ in NJ. Thomas and Betts (T&B) sought to downsize at its 230,000 sf Bridgewater, NJ headquarters. Advance performed site analyses, government approvals, space planning, design and construction for a successful Sale-Leaseback in one building. Advance purchased the building, completed a 70,000 sf leaseback to T&B; then redeveloped and upgraded the building and leased the remaining built-to-suit space to PVH. All parties benefitted.
