The Real Deal New York

Realogy breaks ground on new N.J. HQ

February 02, 2012 02:00PM

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175 Park Avenue in Madison, N.J.

Realogy, parent company to the Corcoran Group, Citi Habitats, Coldwell Banker and Sotheby’s International Realty, broke ground on its new Madison, N.J. headquarters at 175 Park Avenue with Governor Chris Christie and Lieutenant Governor Kim Guadagno in attendance, the Daily Record reported. The firm moved from nearby Parsippany, and was kept in the garden state with tax incentives.

The 270,000 square-foot building will be LEED-certified and will house offices for Better Homes and Gardens Real Estate, Century 21, Coldwell Banker, Coldwell Banker Commercial, ERA and Sotheby’s International Realty.

“The noise you hear around us — the greatest noise I can hear as Governor of New Jersey — is the noise of construction,” Christie said. “The State of New Jersey comeback has begun.”

Christie has worked to bring and to retain many large corporations in the Garden State, including Panasonic, PNC Bank and Quality Technology Services. [Daily Record]

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