B&G Foods Inc., owner of brands like Green Giant, Ortega and Cream of Wheat, will relocate within Parsippany. The company signed a nearly 16-year lease for a 46,000 square foot space at 8 Sylvan Way.

B&G Foods looks likely to offload the remaining Green Giant business before the year-end as it cut sales and EBITDA guidance to reflect two other disposals. “We expect additional divestitures in the ...