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Verizon Eyes Adding Residential, Retail at Basking Ridge Campus in New Jersey

Telecom Goliath Has Been Repositioning So-Called Stranded Office Properties

Verizon's executive leadership and corporate functions are based in suburban Basking Ridge, New Jersey. (CoStar)
Verizon's executive leadership and corporate functions are based in suburban Basking Ridge, New Jersey. (CoStar)

Telecom giant Verizon Communications, after revitalizing and repositioning about two dozen of its traditional U.S. office facilities in recent years, is exploring adding a retail and residential component at its sprawling campus in Basking Ridge, New Jersey, according to one of its top real estate executives.

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