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Class A Office Complex Finds Buyer in Somerset
JLL has completed the sale of Atrium Corporate Park in Somerset, NJ. The unidentified buyer acquired the three-building, Class A, 679,251-square-foot office park for $33.5 million. The seller was not disclosed.
The buyer and seller were represented by JLL’s Joseph Garibaldi, Thomas Walsh, Heather Lombardi, Katelyn Borovsky and Nick Vanderslice.
“Atrium Corporate Park is an institutionally-owned and maintained office portfolio that offered the buyer a compelling combination of credit cash flow stability and value-add leasing upside,” said Garibaldi. “Atrium Corporate Park offers one of the best value propositions in the Lower 287 submarket.”
Atrium Corporate Park is comprised of three Class A office buildings: 300 (pictured), 400 and 500 Atrium Dr. in Somerset. Situated on 47.8 acres, Atrium Corporate Park provides commuting access from both Central and Northern New Jersey with proximity to I-287, I-78, Route 22, NJ Turnpike and the Garden State Parkway.
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition
