IMS Health Inc. has leased a 120,000-square-foot office property in Parsippany, N.J., that it plans to purchase next year for an undisclosed price.

The pharmaceutical marketing and consulting firm will relocate its regional operation to 11 Waterview Blvd. from nearby Totowa this fall and intends to purchase the new building from the owner, UFP LP, in early 2008.

The building is part of the Waterview Corporate Center, which fronts on Route 46, at the intersection of I-80 and I-287, offering immediate highway access.

IMS Health, headquartered in Norwalk, Conn., operates in more than 100 countries and posted 2006 revenue of $2 billion, according to a press statement.

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