A Campus Lifestyle for Professional Living

A Campus Lifestyle
for Professional Living
at Morris County
A premier campus designed with corporate tenants in mind
Park Avenue at Morris County
Table of
Contents
provides tenants the opportunity to
work in a truly modern amenity-rich
CAMPUS OVERVIEW
1
Campus Lifestyle
3
CAMPUS AMENITIES
5
Area amenities
7
MORRIS COUNTY OVERVIEW
9
BUILDING SPECIFICATIONS
11
and “green” environment, situated in
one of New Jersey’s most attractive and
accessible locations.
Campus
Overview
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 1.15 million square foot 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 finishes and extensive inhouse amenities rank Park Avenue among the finest office parks in the nation. Located
in affluent Morris County, this prime commuting destination is in close proximity to mass
transportation to Manhattan and the metropolitan area.
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 faҫades and lobbies, as well as a dramatic four-story atrium in 100
Campus Drive. Park Avenue also provides two full-service cafeterias, one café 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.
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.
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, as well as 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 commercial property and facility managers worldwide. The TOBY
award recognizes excellence in building management, operational efficiency, tenant retention, emergency planning and
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community impact.
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A Campus Lifestyle
for Professional Living
Reinventing the Corporate Campus Around Your Professional Lifestyle.
Park Avenue at Morris County is much more than just a workplace; it’s “A Campus Lifestyle
for Professional Living”. An environment where your business will thrive by taking advantage
of a myriad of services and amenities designed to make your workforce more effective and
productive.
In-place park amenities include two full service cafeterias, one café, covered reserved
parking, a day care center, 1.75 mile walking/jogging path, outdoor eating area, car wash,
shoe shine and valet dry cleaning. A private shuttle service is available to tenants free
of charge, traveling between Madison Train Station and each of the buildings at the park
during morning and evening rush hours. Shuttles are also available to connect tenants to
local amenities including the Short Hills Mall, Morristown Municipal airport, area hotels and
additional area attractions.
Park Avenue at Morris County is committed to fulfilling the needs of its prestigious tenancy.
The park offers a full service fitness center available to tenants, free of charge. This
state of the art fitness center is equipped to satisfy almost any strength training workout
regimen. A variety of fitness classes are offered in the aerobic room to suit the needs of
our tenants. Park Avenue’s fitness center also features a private massage therapy room
operated by a licensed therapist, the perfect remedy to relieve tension after the strain of
a hard day’s work.
Park Avenue at Morris County offers tenants a state of the art conference center, free of
charge. The three-room conference center is able to accommodate groups of up to 30
people in one room. The largest room can be arranged for boardroom or classroom style
seating as required. The conference center is conveniently located adjacent to the fullservice cafeteria in the 100 building, allowing conference functions to be easily catered.
Enjoy Work. Enjoy Life. Enjoy Park Avenue.
Fantastic amenities require superior services. Park Avenue at Morris County offers its tenants a Mobile App exclusively
designed for the campus. This digital concierge service allows immediate access to all of our state-of-the-art amenities
from the touch of your mobile device.
Park Avenue offers tenants and their employees the convenience of premier services and strategic amenities within a
“green” environment situated on beautiful grounds, providing for a more effective, productive and enjoyable workforce.
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4
Campus
Amenities
Trophy Office Park with Six Buildings Totaling Over 1.15 MSF on 136 Acres:
• On-site property management
• Park Avenue Club (Private Dining / Banquets)
• Covered parking
• Private shuttle service to NJ Transit trains at Madison Train Station
• State-of-the-art energy management system
• Day care center
• Conference center
• Dry cleaning service
• 1.75 miles of walking trails
• Fitness center with massage services
• Two full-service cafeterias (100 & 500 Campus Drive) and café (200 Campus Drive)
• Attended lobbies and park ambassadors
• ATM
• Car wash service
• Shoe shine service
• Electric car charger
• Energy Star rated and LEED certified buildings
Park Avenue Club
Park Avenue Club is a private club located in the quaint borough of Florham Park, NJ. Committed to delivering the
highest level of service to our social and corporate members, while celebrating “The Spirit of Giving” in the community. Park Avenue Club offers a private club membership, private dining rooms, social clubs, special events, boutique
weddings and reciprocal golf privileges with access to 180 clubs worldwide.
By providing members with gracious and elegant, private dining and reception experiences. Park Avenue Club has
been gently and dependably fulfilling the mission for which it was founded in 1994- to create ongoing support for
the Park Avenue Foundation, which in turn benefits eleven charities and cultural organizations.
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6
M
ES
IL
Hamilton Park Hotel & Conference Center
2
Fairleigh Dickinson University
3
College of St. Elizabeth
4
Morris County Golf Club (private)
5
Convent Station Train Station
6
Madison Hotel / Rod’s Steak and Seafood Grill
7
Morristown Memorial Hospital
8
Downtown Morristown (Morristown Hyatt, shops and restaurants)
9
The Westin Governor Morris / Copeland Restaurant
8
13
11
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10
12
ILE
M
1
16
1
7
3
Area
Amenities
7
14
15
4
17
3
6
10 Twin Oaks Ice Rink
11 The Morris Museum and Theatre
12 Hyatt Summerfield Suites Hotel
13 Morristown Airport
14 Columbia Racquet Club
15 Downtown Florham Park
16 Pinch Brook Golf Course
17
Lifetime Fitness
Golf Courses
18 Brooklake Country Club (private)
Hospitals
19 Downtown Madison
20 Drew University
21 Loantaka Brook Park & Equestrian Center
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2
21
18
LEGEND
20
19
5
Hotels
Lifestyle
Transportation
Schools
8
Morris County
Overview
The Tri-State Area’s Top Suburban Business Destination
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 Madison Train 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.
Superior demographic profile and growing
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. Eighty-four percent of Morris County’s working population
consists of white-collar employees. Of persons 25+ years of age, forty-nine percent hold a Bachelor’s degree and
eighteen percent hold a Master’s degree (compared with 31% and 8% nationwide, respectively). Morris County is the
eleventh wealthiest county in the nation, as measured by estimated per capita income, with a 2012 estimated median
household income of $95,236.
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Building
Specifications
Building
Specifications
100 Campus Drive
200 Campus Drive
300 Campus Drive
400 Campus Drive
500 Campus Drive
600 Campus Drive
Building SF:
376,000± SF
201,000± SF
103,000± SF
Building SF:
183,000± SF
183,000± SF
106,000± SF
Site Size:
43.60± acres
27.50± acres
64.80± acres (Buildings 300, 400, 500 & 600)
Site Size:
64.80± acres (Buildings 300, 400, 500 & 600)
64.80± acres (Buildings 300, 400, 500 & 600)
64.80± acres (Buildings 300, 400, 500 & 600)
Year Built:
1989
1988
1997
Year Built:
1998
1999
1998
Construction Type:
Fireproofed steel frame/reinforced concrete
Fireproofed steel frame/reinforced concrete
Fireproofed steel frame/reinforced concrete
Construction Type:
Fireproofed steel frame/reinforced concrete
Fireproofed steel frame/reinforced concrete
Fireproofed steel frame/reinforced concrete
floor slabs
floor slabs
floor slabs
floor slabs
floor slabs
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
Curtain Wall:
Flamed rose-colored Loyal Valley Texas granite
Flamed rose-colored Loyal Valley Texas granite
Flamed rose-colored Loyal Valley Texas granite
Ceiling Height:
9’0”± finished/13’0”± slab-to-slab
9’0”± finished/13’0”± slab-to-slab
9’0”± finished/13’0”± slab-to-slab
Ceiling Height:
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
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
Two-story sky-lit atrium with rosewood granite
Three-story sky-lit atrium with marble panel
Atrium/Lobby:
Two-story sky-lit atrium with rosewood granite
Two-story sky-lit atrium with rosewood granite
Three-story sky-lit atrium with spandral glass
and black impala walls with brass accents; Loy-
and black impala walls with brass accents; Loy-
walls and mahogany wood paneled walls with
and cherry mahogany wodd paneled walls
and cherry mahogany wodd paneled walls
panels and mahogany wood paneled walls with
al Valley granite bordered with black impala
al Valley granite bordered with black impala
brass accents; coral granite and marble tile
with brass accents; Loyal Valley Texas granite
with brass accents; Loyal Valley Texas granite
brass accents; coral granite and marble tile
floors with black onyx granite borders
bordered with black impala granite
bordered with black impala granite
floors with black onyx granite borders
HVAC Control:
Air Conditioning:
Delta Building Management System
Delta Building Management System
Delta Building Management System
HVAC Control:
Delta Building Management System
Delta Building Management System
Delta Building Management System
Four 240-ton split Governor package units; (2)
Two 240-ton electric Governor split package
Four Hitachi screw compressors
Air Conditioning:
Eight Hitachi screw compressors
Eight Hitachi screw compressors
Five Hitachi screw compressors
15-ton, 20-ton, 35-ton Electric McQuay supple-
units and a 60-ton closed loop Chiller
Heating:
Electric heat coils in perimeter variable air
Electric heat coils in perimeter variable air
Electric heat coils in perimeter variable air
volume (VAV) boxes on each floor
volume (VAV) boxes on each floor
volume (VAV) boxes on each floor
mental units servicing the 4th floor (1990); four
10-ton Atrium Units (2008 / 2009)
Heating:
Electric heat coils in perimeter variable air
Electric heat coils in perimeter variable air
Electric heat coils in perimeter variable air
volume (VAV) boxes on each floor
volume (VAV) boxes on each floor
volume (VAV) boxes on each floor
277/480 volt, 3-phase, 4-wire, 6-hertz; voltage
277/480 volt, 3-phase, 4-wire, 6-hertz; voltage
277/480 volt, 3-phase, 4-wire, 6-hertz; voltage
277/480 volt, 3-phase, 4-wire, 6-hertz; voltage
277/480 volt, 3-phase, 4-wire, 6-hertz; voltage
277/480 volt, 3-phase, 4-wire, 6-hertz; voltage
is 6 watts per USF; low voltage is 2 watts per
is 6 watts per USF; low voltage is 2 watts per
is 6 watts per USF; low voltage is 2 watts per
is 6 watts per USF; low voltage is 2 watts per
is 6 watts per USF; low voltage is 2 watts per
is 6 watts per USF; low voltage is 2 watts per
USF.
USF.
USF.
USF.
USF.
USF.
Generators:
125 KW Koehler diesel (1989)
80 KW Koehler diesel (2013)
80 KW Koehler diesel (1997)
Generators:
80 KW Koehler diesel (1989)
80 KW Koehler diesel (1999)
80 KW Koehler diesel (1997)
Life Safety:
Wet sprinklered; dry sprinklered in covered
Wet sprinklered; AMAG proximity card reader
Wet sprinklered including covered parking;
Life Safety:
Wet sprinklered including covered parking;
Wet sprinklered including covered parking;
Wet sprinklered including covered parking;
parking; AMAG proximity card reader at
at entrances; base building systems on UPS
AMAG proximity card reader at entrances; base
AMAG proximity card reader at entrances; base
AMAG proximity card reader at entrances; base
AMAG proximity card reader at entrances; base
entrances; base building systems on back-up
back-up
building systems on back-up generator
building systems on back-up generator
building systems on UPS back-up
building systems on back-up generator
TPO Fleecback (Replaced in 2013)
Carlisle EPDM (Original)
Roofs:
Carlisle EPDM (Original)
Carlisle EPDM (Original)
Carlisle EPDM (Original)
Full-service café (500 Campus) with 100±
Common Amenities:
Power:
Power:
generator
Roofs:
Carlisle EPDM ballasted (Expected to be
replaced in 2015)
Common Amenities:
Full-service café, full-service 3-room conference
Grab-and-go Café, ATM, Oustide Private Patio
room, ATM and covered parking
Full-service café (500 Campus) with 100±
Full-service café (500 Campus) with 100±
Full-service café (500 Campus) with 100±
seating, Oustide Seating / Patio, ATM, Scenic
seating, Oustide Seating / Patio, ATM, Scenic
seating, Oustide Seating / Patio, ATM, Scenic
seating, Oustide Seating / Patio, ATM, Scenic
Courtyard
Courtyard
Courtyard
Courtyard
Telecommunications:
Fiber
Fiber
Fiber
Telecommunications:
Fiber
Fiber
Fiber
Loading:
Covered loading area with two loading bays and
Covered loading area with two loading bays and
Open air loading area with one loading bay and
Loading:
Open air loading area with one loading bay and
Open air loading area with one loading bay and
Open air loading area with one loading bay and
one tailboard, 24” raised docks with 20’ high
one tailboard, 24” raised docks with 20’ high
one tailboard
one tailboard
one tailboard
one tailboard
ceilings
ceilings
80 lbs. per SF live load, 100 lbs. per SF
80 lbs. per SF live load, 100 lbs. per SF
80 lbs. per SF live load, 100 lbs. per SF
80 lbs. per SF live load, 100 lbs. per SF
80 lbs. per SF live load, 100 lbs. per SF
80 lbs. per SF live load, 100 lbs. per SF
dead load
dead load
dead load
dead load
dead load
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.)
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:
1,443± spaces, 3.9 per 1,000 SF
760± surface, 3.8 per 1,000 SF
1770± surface, 3.36 per 1,000 SF
Parking Ratio:
1770± surface, 3.36 per 1,000 SF
1770± surface, 3.36 per 1,000 SF
1770± surface, 3.36 per 1,000 SF
Covered Parking:
65 reserved covered spaces
N/A
41 reserved covered spaces
Covered Parking:
34 reserved covered spaces
40 reserved covered spaces
35 reserved covered spaces
Floor Load:
11
Floor Load:
12
www.parkavenue-nj.com
Owned by:
For information, please contact: Jeffrey L. Heller
Principal & Managing Director
973.753.1100
jeff.heller@avisonyoung.com
William E. McCaffrey
Principal
973.753.1102
william.mccaffrey@avisonyoung.com
Exclusive Leasing Agent: