PA R K AV E N U E A T M O R R I S C O U N T Y C A M P U S
TABLE OF CONTENTS 1. 2. 3. 4. 5.
Overview Best-in-Class Morris County Demographics & Population Building Specifications
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Park Avenue at Morris County | 4 10 0 CA M PUS DR I V E AT R I U M
OV ERV IEW
Park Avenue at Morris County (“Park Avenue”) is the Tri-State region’s preeminent suburban office park. Developed between 1989 and 1999 by the Gale Company, and purchased in 2008 by KBS Realty Advisors, the six-building 1.12 million sq. ft. trophy office park is situated on 136± acres in Florham Park, New Jersey. Park Avenue offers an unmatched “Best in Class” mix of credit tenancy, high-end construction and finishes, access to extensive amenities, and a prime commuting destination in affluent Morris County. These features rank Park Avenue among the finest office parks in the nation.
Park Avenue was designed with major corporate tenants in mind – the classic architecture of the buildings is accentuated with headquarters-quality infrastructure and finishes, including granite facades and lobbies, plus a dramatic four-story atrium in 100 Campus Drive. Park Avenue also provides three full-service cafeterias and access to the private Park Avenue Club’s first-class dining, entertaining and conference facilities. Adjacent to Park Avenue are a number of first-class amenities and new commercial development, highlighted by the 230-room Hamilton Park Hotel and Conference Center, as well as the future 250-room Marriott Renaissance ClubSport Hotel, which will include a 70,000 sq. ft. spa and fitness center. The property’s unparalleled blend of superior finishes, comprehensive amenity package, prestigious tenant roster and excellent location gives tenants at Park Avenue the ability to attract and retain the region’s best employees.
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40 0 CA MPUS DR IV E LOBBY
Park Avenue at Morris orr County nty | 6
BEST IN CLASS
Park Avenue is metropolitan New York’s most prestigious, highly honored office park due to the broad set of tenant amenities offered in and around the campus, plus its dedicated on-site management team. Park Avenue is a multiple Building Owners and Managers Award (“BOMA”) winner, including the 2007 BOMA Building of the Year Award for suburban office campus, the 2005 BOMA Mid-Atlantic Region Building of the Year Award (100 Campus Drive), and the 1998 International The Office Building of the Year (“TOBY”) Award. BOMA is an international federation of more than 18,000 commerical property and facility managers worldwide. The TOBY award recognizes excellence in building management, operational efficiency, tenant retention, emergency planning and community impact.
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Park Avenue at Morris County | 8
AREA AMENITIES The Park Avenue Club 1.
Proposed Marriott Club Hotel
2.
Hamilton Park Hotel & Conference Center
3.
Fairleigh Dickinson University
4.
College of St. Elizabeth
5.
Morris County Golf Club (private)
6.
Convent Station Train Station
7.
Madison Hotel / Rod’s Steak and Seafood Grill
8.
Morristown Memorial Hospital
9.
Downtown Morristown (Morristown Hyatt, dozens of shops and restaurants)
10. The Westin Governor Morris / Copeland Restaurant 11. Twin Oaks Ice Rink 12. The Morris Museum and Theatre 13. Hyatt Summerfield Suites Hotel 14. Morristown Airport 15. Columbia Racquet Club 16. Downtown Florham Park 17. Pinch Brook Golf Course 18. Lifetime Fitness 19. Brooklake Country Club (private) 20. Downtown Madison 21. Drew University 22. Loantaka Brook Park & Equestrian Center = Hotel/Conference Center = Convenience/Community (downtown, education, medical) = Recreation/Fitness = Transit
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10 0 CA MPUS DR IV E CA FE TER I A
CAMPUS AMENITIES •
The Park Avenue Club (Private Dining / Banquets)
•
Conference room
•
Three full-service cafés (100, 200 & 500 Campus Drive)
•
Car wash service
•
Covered parking
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Dry cleaning service
•
Security guard
•
On-site management
•
Transportation to NJ Transit Train at Convent Station
•
1.75 miles of walking trails
•
Full-service credit union
•
Shoe shine service
•
Day care center
•
Planned fitness center
•
ATM and postage machines
Park Avenue at Morris County | 10
11 PA R K AV E N U E C L U B
Park Avenue enue at Morris County | 12
60 0 CA MPUS DR IV E LOBBY
TENANT ROSTER •
Accenture
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Bank of America Merrill Lynch
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BASF (North American HQ)
•
Bright Horizons Family Solutions, LLC
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Clyde & Co.
•
DLA Piper
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Drinker Biddle + Reath, LLP
•
The Hartford Fire Insurance Company
•
Holliday Fenoglio Fowler
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Hyman Beck & Company
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Jacobs Levy Equity Management
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JP Morgan Chase
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Mapfre Reinsurance
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McKinsey & Company
•
Morgan Stanley Smith Barney
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PricewaterhouseCoopers, LLC
•
Quorum Federal Credit Union
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Shionogi USA
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UBS
•
Wells Fargo Advisors, LLC
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Wilson Elser 13
10 0 CA MPUS DR IV E
M OR R I S C O U N T Y: T H E T R I S TAT E A R E A’ S T O P S U B U R B A N BUSI N E S S DE S T I N AT ION
Park Avenue benefits from: •
Exceptional access to I-287, I-78, I-80 and Routes 24, 10, 46
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Direct connection to Manhattan via NJ Transit’s train services at Convent Station (two minutes from the property)
•
Immediate proximity to Morristown Airport and easy access to Newark Liberty International Airport (within 21 miles)
•
Proximity to three downtowns: Florham Park, Morristown and Madison
Morris County: •
Is located just 35 miles outside of New York City
•
Lies at the heart of the Boston-Washington corridor, one of the nation’s wealthiest regions and home to a highly diversified economy driven by powerful industry sectors (pharmaceutical, healthcare, financial, consulting and insurance services)
•
Offers tremendous transportation infrastructure and proximity to mass transit, which has transformed the county into a preeminent business center
The central location of Morris County has made it one of the fastest growing counties in the New York Metropolitan region. Since 1990, Morris County’s population has grown by 13.4%, a rate of growth 2% higher than the State of New Jersey over the same period. In fact, 63 Fortune 500 companies have either a headquarters facility or a sizable presence in Morris County.
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SU PER IOR DEMOGR A PHIC PROF ILE A N D GROW I NG POPU L AT ION The highly educated and affluent residents of Florham Park and its surrounding communities - such as Madison, Mendham, Chatham, Harding, Millburn, Morristown and Short Hills - provide a density of corporate executives and a superior knowledge-based labor pool for companies to access. Seventy-five percent of Morris County’s working population consists of white-collar employees, twenty-seven percent of which hold a Bachelor’s degree and eleven percent hold a Master’s degree (compared with 16% and 6% nationwide, respectively). Morris County is the fifth wealthiest county in the nation, as measured by estimated per capita income, with a 2009 estimated average household income of $125,491.
Park Avenue at Morris County | 16
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BU I L DI NG SPECI F IC AT IONS 100 CAMPUS DRIVE
200 CAMPUS DRIVE
300 CAMPUS DRIVE
BUILDING SF
370,681± SF (+5,750± SF of rentable basement storage)
189,236± SF
102,801± SF
SITE SIZE
43.60± acres
27.50± acres
64.80± acres (Bldgs. 300, 400, 500 & 600)
YEAR BUILT
1989
1988
1997
CONSTRUCTION TYPE
Fireproofed steel frame / reinforced concrete floor slabs
Fireproofed steel frame / reinforced concrete floor slabs
Fireproofed steel frame / reinforced concrete floor slabs Flamed rose-colored Loyal Valley Texas granite
CURTAIN WALL
Flamed rose-colored Loyal Valley Texas granite
Flamed rose-colored Loyal Valley Texas granite
CEILING HEIGHTS
9’-0”± finished / 13’-0”± slab-to-slab
9’-0”± finished / 13’-0”± slab-to-slab
9’-0”± finished / 13’-0”± slab-to-slab
WINDOWS
Insulated blue reflective / 5’ on center mullions
Insulated blue reflective / 5’ on center mullions
Insulated blue reflective / 5’ on center mullions
ATRIUM/LOBBY
Four-story sky-lit atrium with rosewood granite and black impala walls with brass accents; coral granite and marble tile floors with black onyx granite borders
Two-story atrium with rosewood granite and black impala walls with brass accents; coral granite and marble tile floors with black onyx granite borders
Three-story sky-lit atrium with mahogany wood paneled walls sheathed in rosewood granite with brass accents; coral granite and marble tile floors with black onyx granite borders
HVAC CONTROL
Delta Building Management System
Delta Building Management System
Delta Building Management System
AIR CONDITIONING
Four 240-ton split Governor package units; four 15-ton electric McQuay supplemental units servicing the 4th floor (1990); four 10-ton electric McQuay units servicing the atrium (1989)
Two 240-ton electric Governor split package units (1988)
Four Hitachi screw compressors
HEATING
Electric heat coils in perimeter variable air volume (VAV) boxes on each floor
Electric heat coils in perimeter variable air volume (VAV) boxes on each floor
Electric heat coils in perimeter variable air volume (VAV) boxes on each floor
POWER
277/480 volt, 3-phase, 4-wire, 60-hertz; voltage is 6 watts per USF; low voltage is 2 watts per USF. Capacity for two more risers to provide additional 8 watts per USF (service already in building).
277/480 volt, 3-phase, 4-wire, 60-hertz; voltage is 6 watts per USF; low voltage is 2 watts per USF. Capacity for two more risers to provide additional 8 watts per USF (service already in building).
277/480 volt, 3-phase, 4-wire, 60-hertz; voltage is 6 watts per USF; low voltage is 2 watts per USF. Capacity for two more risers to provide additional 8 watts per USF (service already in building).
GENERATORS
125 KW Koehler diesel (1989)
Battery UPS (1988)
80 KW Koehler diesel (1997)
LIFE SAFETY
Wet sprinklered; dry sprinklered in covered parking; AMAG proximity card reader at entrances; base building systems on back-up generator
Wet sprinklered; security cameras at main entrance and loading dock doors; AMAG proximity card reader at entrances; base building systems on UPS back-up
Wet sprinklered including covered parking; AMAG proximity card reader at entrances; base building systems on back-up generator
ROOFS
Carlisle EPDM (Parapet Flashing completed in 2005)
Carlisle EPDM (Parapet Flashing completed in 2005)
Carlisle EDPM
COMMON AMENITIES
Full-service café, full-service credit union, day care center, conference room, ATM and covered parking
Full-service café and planned fitness center
Full-service café in 500 Campus Drive and covered parking
TELECOMUNICATIONS
Fiber
Fiber
Fiber
LOADING
Covered loading area with two loading bays and one tailboard, 24” raised docks and 20’ high ceilings
Covered loading area with one loading bay and one tailboard, 24” raised docks and 20’ high ceilings
Open air loading area with one loading bay and one tailboard
FLOOR LOAD:
80 lbs. per SF live load, 100 lbs. per SF dead load
80 lbs. per SF live load, 100 lbs. per SF dead load
80 lbs. per SF live load, 100 lbs. per SF dead load
ELEVATORS
8 passenger (3,500-lbs.) 2 freight (4,000-lbs.)
4 passenger (3,500-lbs.) 1 freight (4,000-lbs.)
2 passenger (3,500-lbs.) 1 freight (4,000-lbs.)
PARKING RATIO
1,443± spaces 3.9 per 1,000 SF
760± surface 4.0:1,000
300± surface & 40± garage 3.3:1,000 Approved parking expansion would increase ratio up to 4.1:1,000
COVERED PARKING
65 reserved covered spaces
N/A
41 reserved covered spaces
Park Avenue at Morris County | 18
BU I L DI NG SPECI F IC AT IONS 400 CAMPUS DRIVE
500 CAMPUS DRIVE
600 CAMPUS DRIVE
BUILDING SF
182,963± SF
180,752± SF
99,401± SF
SITE SIZE
64.80± acres (Bldgs. 300, 400, 500 & 600)
64.80± acres (Bldgs. 300, 400, 500 & 600)
64.80± acres (Bldgs. 300, 400, 500 & 600)
YEAR BUILT
1998
1999
1998
CONSTRUCTION TYPE
Fireproofed steel frame / reinforced concrete floor slabs
Fireproofed steel frame / reinforced concrete floor slabs
Fireproofed steel frame / reinforced concrete floor slabs
CURTAIN WALL
Flamed rose-colored Loyal Valley Texas granite
Flamed rose-colored Loyal Valley Texas granite
Flamed rose-colored Loyal Valley Texas granite
CEILING HEIGHTS
9’-0”± finished / 13’-0”± slab-to-slab
9’-0”± finished / 13’-0”± slab-to-slab
9’-0”± finished / 13’-0”± slab-to-slab
WINDOWS
Insulated blue reflective / 5’ on center mullions
Insulated blue reflective / 5’ on center mullions
Insulated blue reflective / 5’ on center mullions
ATRIUM/LOBBY
Two-story atrium with mahogany wood paneled walls sheathed in rosewood granite with brass accents; coral granite and marble tile floors with black onyx granite borders
Two-story atrium with mahogany wood paneled walls sheathed in rosewood granite with brass accents; coral granite and marble tile floors with black onyx granite borders
Three-story sky-lit atrium with mahogany wood paneled walls sheathed in rosewood granite with brass accents; coral granite and marble tile floors with black onyx granite borders
HVAC CONTROL
Delta Building Management System
Alerton IBEX 3500 Direct Digital Control System (1999) / Delta Building Management System scheduled for completion in 2010
Alerton IBEX 3500 Direct Digital Control System (1998) scheduled for completion in 2011
AIR CONDITIONING
Eight Hitachi screw compressors
Eight Hitachi screw compressors
Five Hitachi screw compressors
HEATING
Electric heat coils in perimeter variable air volume (VAV) boxes on each floor
Electric heat coils in perimeter variable air volume (VAV) boxes on each floor
Electric heat coils in perimeter variable air volume (VAV) boxes on each floor
POWER
277/480 volt, 3-phase, 4-wire, 60-hertz; voltage is 6 watts per USF; low voltage is 2 watts per USF. Capacity for two more risers to provide additional 8 watts per USF (service already in building).
277/480 volt, 3-phase, 4-wire, 60-hertz; voltage is 6 watts per USF; low voltage is 2 watts per USF. Capacity for two more risers to provide additional 8 watts per USF (service already in building).
277/480 volt, 3-phase, 4-wire, 60-hertz; voltage is 6 watts per USF; low voltage is 2 watts per USF. Capacity for two more risers to provide additional 8 watts per USF (service already in building).
GENERATORS
80 KW Koehler diesel (1998)
80 KW Koehler diesel (1999)
80 KW Koehler diesel (1998)
LIFE SAFETY
Wet sprinklered including covered parking; AMAG proximity card reader at entrances; base building systems on back-up generator
Wet sprinklered including covered parking; AMAG proximity card reader at entrances; base building systems on back-up generator
Wet sprinklered including covered parking; AMAG proximity card reader at entrances; base building systems on back-up generator
ROOFS
Carlisle EDPM
Carlisle EDPM
Carlisle EDPM
COMMON AMENITIES
Full-service café in adjacent 500 Campus Drive and covered parking
100± seat full-service café with ATM
Full-service café in adjacent 500 Campus Drive
TELECOMUNICATIONS
Fiber
Fiber
Fiber
LOADING
Open air loading area with one loading bay and one tailboard
Open air loading area with one loading bay and one tailboard
Open air loading area with one loading bay and one tailboard
FLOOR LOAD:
80 lbs. per SF live load, 100 lbs. per SF dead load
80 lbs. per SF live load, 100 lbs. per SF dead load
80 lbs. per SF live load, 100 lbs. per SF dead load
ELEVATORS
3 passenger (3,500-lbs.) 1 freight (4,000-lbs.)
3 passenger (3,500-lbs.) 1 freight (4,000-lbs.)
2 passenger (3,500-lbs.) 1 freight (4,000-lbs.)
PARKING RATIO
540± surface & 34± garage 3.1:1,000 Approved parking expansion would increaseratio up to 4.1:1,000
540± surface & 38± garage 3.2:1,000 Approved parking expansion would increase ratio up to 4.1:1,000
300± surface & 37± garage 3.4:1,000 Approved parking expansion would increase ratio up to 4.1:1,000
COVERED PARKING
34 reserved covered spaces
40 reserved covered spaces
35 reserved covered spaces
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For more information, please contact: Greg Barkan T. 201.712.5812
[email protected] Patrick Murphy T. 212.984.6600
[email protected]
Park Avenue at Morris County | 100-600 Campus Drive | Florham Park, NJ