The Offices at Metropark includes two office buildings and a storage facility 100% leased to Prudential through 2010. The buildings consist of approximately 850,000 sf between a nine-story office tower constructed in 2000, a three-story office building constructed in 1976 (renovated in 2001) and a single-story storage facility constructed in 1982. Parking is supplied by a three-story structure with 2,530 stalls and an additional 419 spaces in two surface lots which results in a combined parking ratio of over 4.0 per thousand sf of office space.
The Property is located at an ideal labor intercept site, situated at the confluence of major highways and mass transportation. Located directly off of Exit 131A of the Garden State Parkway, the property is within minutes of major highways including Routes 1 and 9, Interstate 287, and the New Jersey Turnpike. Easily accessible by mass transit, Metropark is one of only three markets in New Jersey that offer mass transportation within walking distance. The Metropark Train Station provides direct Amtrak service to Manhattan and Philadelphia, midtown direct service to Manhattan, and rail access to the entire east coast.
- The Property’s connectivity to New York via rail and its proximity to New Jersey’s most prominent roadways should position it to capture the anticipated added demand from New York City tenants over the next few years.
- No other location in New Jersey offers the combination of excellent rail connectivity, a comparable roadway network close by, proximity to high-end housing and retail amenities, and a concentration of institutional quality real estate.