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Business and Industry

Madison’s major businesses include Wyeth, Verizon, Maersk, and Accordia Northeast (a subsidiary of Wells Fargo). Other major employers include Drew University and the Madison Area YMCA. There are no major industrial properties in Madison.

All of the major corporate residents above, except Verizon, are located in the Giralda Farms Corporate Campus, a 384-acre property located near Madison’s western edge. Giralda Farms, part of the estate of the late Geraldine Rockefeller Dodge, is a heavily wooded and gated campus, and is one of New Jersey’s finest corporate environments. Commencing in 1982, a master plan and infrastructure was put in place to attract the corporate offices of Fortune 500 companies. The Madison part of the campus is fully developed, except for one parcel approved for Reckson Associates to build a 436,000-square foot office building.

The Giralda Farms corporate campus is located within the larger Route 24 Corridor sub-market, which extends from Short Hills to Madison and includes Chatham and Florham Park. This sub-market, which is known for its abundance of first class amenities, is regarded as one of the most desirable sub-markets in New Jersey.

Madison is also a large banking center, with branches of Provident, Somerset Hills Hudson City Savings Bank, Chase, PNC, Wachovia, Investors Savings, Union Center, Hilltop, Valley National and Bank of America lining up along Main Street and the surrounding areas. Homebuilders and local construction trade experts have been a boon to the borough as well.