Newmark Grubb Knight Frank has the exclusive listing for 700 U.S. Highway Route 202/206, a three-story, 115,558-square-foot Class A office building in Bridgewater, N.J., owned by an affiliate of REIT Lexington Realty Trust.
Better known as Bridgewater Hills Corporate Center, the property sits on a 20-acre campus-like setting in proximity to the major Interstate 78 and 278 arteries. Ideal for a single-tenant corporate headquarters, the building features a dramatic center sky-lit lobby/atrium and an internal three-story staircase.
Additional amenities include a large raised-floor data center, a cafeteria/dining area, outdoor patio seating, fitness center with showers and lockers, substantial training/conference facilities, a loading dock and back-up generator providing power and HVAC to critical areas. Bridgewater Hills Corporate Center also has an outdoor courtyard and walking trails.
Hotels and shopping are only a 4-minute drive to the Bridgewater Commons Mall and adjacent Village at Bridgewater Commons. The two shopping destinations feature a distinguished list of retail stores plus a 10-theater movie complex, and numerous dining options including over a dozen fast casual restaurants plus full-service restaurants like The Cheesecake Factory, McCormick & Schmick’s Seafood Restaurant, and California Pizza Kitchen.
Bridgewater Hills Corporate Center, with 552 parking spaces, comprises 29,012 square feet on the first floor, 43,359 square feet on the second floor and 43,187 square feet on the third floor. It is fully permitted for a 50,000-square-foot expansion off of one of its wings.
“With construction costs high right now, and the flight to quality, the fact that the building can be expanded in this age of renovation instead of new development, makes it a fantastic corporate headquarters opportunity,” says David Simson, NGKF vice chairman of New Jersey operations based in Rutherford. “On top of that, the location can’t be beat.”
Mr. Simson, Senior Managing Director Jamie Drummond, Executive Managing Director Tim Greiner and Associate Daniel Reider will handle the leasing for the asset, which could become available as soon as December 2014.
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank (NGKF) is one of the world’s leading commercial real estate advisory firms. Together with its affiliates and London-based partner Knight Frank, NGKF employs more than 12,000 professionals, operating from more than 320 offices in established and emerging property markets on five continents.
With roots dating back to 1929, NGKF’s strong foundation makes it one of the most trusted names in commercial real estate. Its integrated services platform includes leasing advisory, global corporate services, investment sales and capital markets, consulting, program and project management, property and facilities management, and valuation services. A major force in the real estate marketplace, NGKF serves the local and global property requirements of tenants, landlords, investors and developers worldwide. For further information, visit www.ngkf.com.
NGKF is a part of BGC Partners, Inc. (NASDAQ: BGCP), a leading global brokerage company primarily servicing the wholesale financial and real estate markets. For further information, visit www.bgcpartners.com.