Open house slated for state's largest Class A complex

Real Estate Weekly,  Oct 17, 2007  

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Cushman & Wakefield, Inc. will host an open house showcasing Northern New Jersey's largest available Class A campus on Thursday, Oct. 25. Featuring 950,000 s/f of space divisible to 150,000 s/f, Morris Crossroads Corporate Center is located at 3000 Continental Drive North in Mount Olive.

Members of the commercial real estate brokerage community are invited to attend the open house, which will feature tours, cocktails and hors d'oeuvres, and giveaways. For more information or to RSVP, please call Heather at 973-292-4619. The first 30 office brokers to attend the event will receive an iPod Shuffle or a personal DVD player. All attendees are eligible to win one of three 42" Plasma TVs or one of 15 Apple iPhones.

The 97-acre site includes five interconnected Class A buildings, which were developed between 1994 and 1998. Development rights on an adjacent land parcel offer another 700,000 s/f. Property features include state-of-the-art technology and security systems, redundant power, excellent flexibility for a wide range of occupiers, landscaped grounds, a two-story glass-walled cafeteria, extensive outdoor walking trails, and a total of 2,482 parking spaces within two garages.

"Its extensive, modern infrastructure makes Morris Crossroads Corporate Center a terrific alternative to new construction," noted Cushman & Wakefield's Robert Donnelly. "With occupancy costs 60 to 80 percent lower than Manhattan, and the added benefits of the reverse commute and suburban appeal of western Morris County, this campus truly presents an unparalleled large-block leasing opportunity."

An affiliate of BPG Properties, Ltd. (BPG), the real estate investment manager for Berwind Property Group, Ltd. and other major institutional investors acquired Morris Crossroads Corporate Center in 2006. The property is being managed by BPG Management Company, L.P.

COPYRIGHT 2007 Hagedorn Publication
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