The Hampshire Cos. on Tuesday said it negotiated a 16,903-square-foot lease with Sanofi’s Consumer Healthcare division in Morristown. Sanofi is scheduled to welcome its Consumer Healthcare employees to the space in the fourth quarter of 2024.
The newly renovated building at 21 South St., a 43,691-square-foot Class A office property located in downtown, will be at full occupancy with the lease. A division of Sanofi, a global health care company, Consumer Healthcare delivers consumer-driven, innovative medicines and products for allergy; pain; digestive wellness; cough, cold and flu; and physical and mental wellness.
The move of Sanofi’s Consumer Healthcare division to 21 South will bring an additional 70 employees to Morristown and will allow its employees to enjoy the wide range of shopping, dining and entertainment options that have made Morristown one of the region’s most exciting downtowns. Sanofi will lease the building’s entire first-floor retail space, the entire second-floor office space and will partially occupy the building’s available third-floor office space.
Constructed as a bank in 1911, 21 South St. was reimagined by the Hampshire Cos. in 2021 as a workplace that inspires and excites today’s workforce. Blending the building’s historic brick and iron elements with modern design touches, 21 South St. is now Morristown’s premier boutique office building. The Hampshire Cos. relocated its headquarters to a 25,665-square-foot space on the third and fourth floors at the building in 2021.
“To find success in today’s office leasing environment and appeal to high-quality tenants like Sanofi’s Consumer Healthcare, buildings must successfully combine location, adaptability and modern design,” John Durso, chief investment officer and executive vice president of development for the Hampshire Cos., said. “Every element of 21 South St.’s transformation has been designed with that balance in mind. We are excited to welcome Sanofi to this new space in downtown Morristown.”
Earlier in 2023, Sanofi announced it would also be relocating its flagship location from Bridgewater to M Station West, a 260,000-square-foot office building currently under construction in Morristown. The move is expected to bring 1,900 employees to Morristown by 2025.