PARSIPPANY, NJ Cendant Corp. has agreed to a long-term lease of the entire 377,000-square-foot class-A office building at 1 Campus Dr. from property-owner Gale & Wentworth.
However, despite reports indicating Cendant would be utilizing the facility as its new corporate headquarters location, company sources maintained the multi-faceted organization s overall headquarters would continue at 9 West 57th St. in New York City. Additionally, there is reportedly no word at this time about any pending relocation of the Hotel Division from its current quarters at 1 Sylvan Way in this New Jersey township. (3/21/01) Michael Billig