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Siemens Healthineers sells Northern New Jersey office building to Garonit Pharmaceutical

Pharmaceutical company acquires Morris County property in owner-user deal
The empty office building at 62 Flanders Bartley Road in Flanders, New Jersey, sold to Garonit Pharmaceutical in an owner-user transaction. (CoStar)
The empty office building at 62 Flanders Bartley Road in Flanders, New Jersey, sold to Garonit Pharmaceutical in an owner-user transaction. (CoStar)
By Rachel Whaley with
CoStar Research
May 18, 2026 | 7:39 P.M.

Garonit Pharmaceutical acquired a two-story office building at 62 Flanders Bartley Road in Flanders, New Jersey, from Siemens Healthineers for $17.5 million, or $56.67 per square foot, with plans to invest $200 million in the site over the next five years.

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