Evonik Degussa Corp., the North American subsidy of German chemical company Evonik Industries, announced Thursday it is moving its headquarters to a new location in Parsippany.
Previously located in Morris Corporate Center IV, the administrative and marketing office will be located at 299 Jefferson Road starting in November.
Evonik will occupy all 150,000 square feet of the facility, which has been leased for 12 years. The building was built in 1986. Financial terms were not disclosed.
The property historically has been a single-tenanted building, according to Sam Morreale, a partner at Vision Equities, owner of the building.
According to the announcement, Vision assisted Evonik in obtaining business incentives designed to stimulate job growth and employment retention.