PARK AVENUE AT MORRIS COUNTY CAMPUS

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 & Pop...
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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



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



Bank of America Merrill Lynch



BASF (North American HQ)



Bright Horizons Family Solutions, LLC



Clyde & Co.



DLA Piper



Drinker Biddle + Reath, LLP



The Hartford Fire Insurance Company



Holliday Fenoglio Fowler



Hyman Beck & Company



Jacobs Levy Equity Management



JP Morgan Chase



Mapfre Reinsurance



McKinsey & Company



Morgan Stanley Smith Barney



PricewaterhouseCoopers, LLC



Quorum Federal Credit Union



Shionogi USA



UBS



Wells Fargo Advisors, LLC



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



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