25 A&B Vreeland Road Florham Park, N.J.

Transcription

1 25 A&B Vreeland Road Florham Park, N.J.

2 2 25 A&B VREELAND RD.

3 SUMMARY Flexible floor plates ranging from 2,000 SF to full-floor occupancies up to 38,394 SF and a contiguous block of 49,317 SF Florham Park Corporate Center is a Class A office property located at 25 A&B Vreeland Road in Florham Park, N.J. Twin three-story atrium buildings each comprising of +113,000 SF each Situated in a serene campus setting featuring a courtyard and landscaped grounds Newly renovated dramatic 3-story atrium lobby and building common areas On-site property management On-site full service cafeteria as well an array of amenities in the surrounding area including a new Life Time Fitness Center Conveniently located just off Columbia Turnpike and within close proximity to Routes 10, 24, I-78, I-280, and I-287 Close proximity to the Hamilton Park Executive Conference Center; The Westin Governor Morris; and the Marriott, Hilton and Ramada hotels Located just three miles from Morristown Airport, 16 miles from Newark Liberty International Airport and 27 miles from Midtown Manhattan Nearby restaurants, banks, and shopping malls Abundant parking Equipped with a generator ready pad 3 3

4 REGIONAL MAP 4

5 OVERVIEW Florham Park Corporate Center is a Class A office property located directly off Columbia Turnpike at 25 A&B Vreeland Road in Florham Park, N.J. Situated on 14 acres of fully landscaped grounds, the Property provides tenants with a Class A work environment within a campus setting including a central courtyard, attractive landscaping, and full-height atrium lobbies with glass-enclosed elevators. The well-located property provides convenient access to the area s major roadways including Routes 10 and 24 which are within a five minute drive. Moreover, Florham Park Corporate Center features an on-site full service cafeteria as well as a full array of amenities in the surrounding area, including a new Life Time Fitness Center directly across the street, numerous restaurants, upscale hotels such as the Short Hills Hilton and Westin in Morristown, and unsurpassed shopping at the nearby Livingston Mall and the Mall at Short Hills. 5 5

6 AMENITIES 6

7 Life Time Fitness Center Roots Steakhouse Westin Governor Morris Short Hills Mall Hamilton Park Hotel & Conf. Ctr. 7 7

8 On-Site Full Service Cafeteria On-Site Full Service Cafeteria Central Courtyard 8

9 CORPORATE NEIGHBORS 9 9

10 BUILDING SPECIFICATIONS 25 A&B County: Ownership: Management: Morris County Vreeland SPVEF, LLC an equity joint venture between Bergman Real Estate Group and Strategic Capital Partners Advance Realty Year Built: Building A: Built 1983, renovated 2009 Building B: Built 1984, renovated 2009 Class: Class A office Building size: Floors Floor size: Parking: Building Hours: Security: Building A: Approximately 113,475 +/- rsf Building B: Approximately 112,082 +/- rsf Three (3) stories each Approximately 37,666 +/- rsf 800 Surface parking spaces total 8:00 A.M. to 6:00 P.M. Monday through Friday and 7:00 A.M. to 1:00 P.M. on Saturdays (excluding Holidays) Both buildings are secured via a Proximity card access control system. A CCTV monitoring system is in place on the first floor entrances of 25A & 25B Vreeland Road. 10

11 HVAC System: The HVAC system in building 25A consists of one Dunham Bush Chiller, installed in 1999, with 300 tons of chilling capacity and one Evapco Tower, installed in 2001, with 300 tons of cooling capacity. The HVAC system in building 25B consists of one Dunham Bush Chiller, installed in 2001, with 300 tons of chilling capacity and one Evapco Tower, installed in 2002, with 300 tons of cooling capacity. Both buildings have pneumatic thermostats controlling Barber Coleman Variable Air Volume ( VAV ) boxes. Heating is provided by Paterson Kelly gas fired boilers, 1,445,000 BTU s. HVAC is monitored and controlled through the use of a Teletrol Management System, on site and remotely via laptop computer. HVAC Overtime Fees: Tenant Electric: Power: Column Space: Ceiling Height: Floor Loads: Elevators: Life Safety: Generator: $75.00/hour Currently estimated at $1.75/sf Jersey Central Power and Light ( JCP&L ) maintains a 277/480-volt, 3 phase, 4 wire system in each building distributed from three electric closets, one on each floor. An above market standard 6 watts per SF is available for lights and power. PSE&G supplies gas. 30 x 30 box grid 8 8 Finished, 13 slab to slab 80 lbs/sf Live Load Each building has two National passenger elevators with 3,500-lb capacity. Each building is fully sprinklered with a hydraulically calibrated wet system. Audible signal speakers and flashing strobe visual signals are located in all common areas and tenant spaces, which connect directly into a 24/7 central station monitored by ESSI. The buildings are supplied with smoke and heat detectors, fire alarm pull stations and highly visible exit signs. A gas fired back up generator, for life safety systems, is located in the penthouse of both 25A & 25B Vreeland Road

12 SITE PLAN LEGEND Building Size 25A Vreeland Road 113,475± SF 25B Vreeland Road 112,082± SF Site Area 14+ Acres Parking 800 spaces Property Boundary VREELAND RD 25 A&B VREELAND ROAD 12

13 AERIAL VIEW 13 13

14 MEET THE TEAM Ownership: Strategic Capital Partners, LLC (SCP) is a privately-held real estate management firm employing value-added Investment strategies to commercial and multi-family properties across the United States. SCP, through its Strategic Partners Value Enhancement Fund, Strategic Capital Real Estate Opportunity Fund I and Strategic Capital Partners Ventures, has invested more than $1 billion in total capital. The SCP team of veterans has over 150 years and $20 billion of collective real estate investing experience, employing a hands-on, cycle-tested investment approach. SCP has offices in Chicago, Indianapolis and New York. For more information visit: strategiccapitalpartners.net Bergman Real Estate Group is a privately owned full service real estate investment and management firm that specializes in the acquisition, ownership, asset and property management, leasing, and construction supervision of commercial properties throughout New Jersey and other select markets. Since its formation in 1988, Bergman Real Estate Group has earned a solid reputation as a leader in the New Jersey office market with a current portfolio consisting of 20 office properties comprising over 1.8 million square feet. Throughout its 25+ years in business, Bergman has successfully acquired over 31 commercial properties with a combined market value in excess of $350 million, including 10 garden apartment properties containing over 3,500 units and 21 multi-tenanted office buildings comprising over 2.25 million square feet. For more information visit: bergmanrealty.com 14

15 Property Management: Advance Realty is a privately owned real estate development, investment and management company headquartered in Bridgewater, N.J. Since its inception in 1979, Advance Realty has acquired or developed more than 10 million square feet of commercial, residential, R&D, industrial and mixed-use projects. Today, the company owns, manages and invests in a diversified portfolio of office, retail, industrial, residential and mixed-use assets in key urban and suburban markets along the Northeast Corridor. The company actively pursues real estate investments that provide opportunity to enhance value through development, repositioning and redevelopment. Advance s strong capital base, fully integrated platform, outstanding talent and flexibility as a privately held organization position the company for continued growth. Exclusive Leasing Agent: For more information visit: advancere.com Colliers International is a leading global commercial and residential real estate services organization defined by our spirit of enterprise. Our more than 13,500 professionals in 482 offices worldwide are dedicated to creating strategic partnerships with our clients, providing customized services that transform real estate into a competitive advantage. For more information visit: colliers.com Jim Bailey james.bailey@colliers.com Bryn Cinque bryn.cinque@colliers.com No warranty or representation, express or implied is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice and to any special listing conditions imposed

16 FOR LEASING INFORMATION: Jim Bailey Bryn Cinque