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Somerset County, N.J. Office Asset Offers Quality Plug and Play Space, Enhanced Tenant Experience
Bedminster, NJ, May 27, 2020 – Advance Realty Investors has named Cushman & Wakefield the exclusive leasing agent for its Bedminster Portfolio, which includes Advance at Bedminster, a three-building, 88,500-square-foot campus, and Executive Quarters, a 55,000-square-foot office building. Advance at Bedminster and Executive Quarters are located on Route 206 in Bedminster and currently offer approximately 41,000 square feet available for lease. William O’Keefe and Kelsey Nakamura, based in the commercial real estate services firm’s Morristown office, are heading the assignment.
Advance at Bedminster, a Class A campus, currently offers approximately 24,000 square feet available for lease, with the ability to accommodate a broad range of requirements. “This community has been a preferred location for businesses and the campus has been historically well-occupied,” Nakamura noted. “For companies in New York City that are considering space in the suburbs and small- to mid-sized firms looking to establish or grow their presence in downtown Bedminster, this property offers high-quality plug and play office space that is immediately available.”
Located on the west side of the intersection of Route 206 and Lamington Road, Executive Quarters is a 55,000-square-foot, three-story Class A office building. Amenities include a fitness center, dry cleaning valet service and shared meeting and conference room space.
Advance Realty Investors is currently enhancing the tenant experience with a program of building upgrades at its Advance at Bedminster office campus, including lobby and common area improvements, a renovated fitness center and a courtyard makeover. “Advance is an established landlord recognized for its responsive service and is deeply invested in the campus,” Nakamura said. “The firm developed these assets and is also headquartered here, making the team highly attuned to tenants’ needs.”
The portfolio is located at 1420, 1430 and 1545 Route 206 in the heart of Somerset County and is within walking distance to municipal buildings, the post office, local shops and restaurants. The properties are one mile from the Far Hills Train Station, with additional retail and hospitality just minutes away, and offer immediate access to Route 202 and full interchanges of interstates 287 and 78.
“The Bedminster submarket’s accessibility and quality of life have attracted successful and prominent corporations across a range of industries,” O’Keefe said. “Already, we have seen evidence of sustained regional demand in the form of steady inquiries from tenants of all sizes.” Corporate neighbors include Pfizer, Mallinckrodt Pharmaceuticals, AT&T, Zelis Healthcare, Aerie Pharmaceuticals, Peapack-Gladstone Bank, Gain Capital Holdings and Morgan Stanley, among others.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 53,000 employees in 400 offices and 60 countries. In 2019, the firm had revenue of $8.8 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.
Advance Realty Investors is a privately-owned real estate investment, development and management company that has been in business for over 40 years. Advance owns, manages or has invested in a diversified, 15-million-square-foot portfolio across all asset classes. The company actively pursues real estate investments in residential, industrial, mixed-use and Class A office properties that enhance value through development, repositioning and redevelopment. Advance Realty is one of New Jersey’s most well-respected owner/operator/ developers in the Northeast Corridor. Visit www.advancere.com for more information.
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Karen Ravensbergen / Emily Visco
Caryl Communications
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