By ELIOT BROWN
The Wall Street Journal
Feb. 8, 2016 1:54 p.m. ET
Companies from General Electric to Weyerhaeuser are pulling their headquarters out of leafy suburban campuses and moving to downtown high-rises, giving cities an economic jolt.
But figuring out what to do with the vacant corporate campuses left behind is a quandary for civic leaders and landlords across the U.S. Towns have pondered turning them into gyms, community centers or education facilities, but finding large tenants for such spaces has proven difficult, and nearby residents often resist plans to build dense apartment complexes on empty sites.
Upper Saddle River, N.J., 30 miles northwest of Manhattan, is a prime example of the headaches involved. The wealthy town of about 8,000 people is locked in a standoff with a landlord over how to reuse the former U.S. headquarters of publisher Pearson Education.