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Deals & Dealmakers

JLL retained to market suburban New Jersey property with corporate HQ opportunity

JLL has been retained as exclusive marketing and leasing agent for 208 Harristown Rd., a 103,349-square-feet office building in Glenrock, N.J. owned by 208 Glen Rock Associates, LLC.

The real estate services company will lead a rebranding effort that will focus on showcasing 50,000-square-feet of available contiguous space within the four-story Class A building, and signage opportunities that capitalize on the property’s prime location on the highly trafficked Rt. 208, which carries some 70,000 vehicles per day, according to NJDOT.

JLL executive managing director Frank D. Recine and senior vice president Derek DeMartino are leading the assignment. “208 Harristown Road is an iconic office property that presents a highly visible corporate headquarters opportunity,” said Recine. “We look forward to introducing the space to tenants seeking high-quality space in a premier Bergen County asset.”

Situated off Highway 208 with easy access to Routes 4, 17, 20 and 21, the property is a 37-minute drive from Newark Liberty International Airport and within an hour’s drive of New York City. Set within a six-acre campus and featuring conveniences that include a fitness center, conference room, on-site security, parking and a loading area, 208 Harristown Rd. is a short drive from Glen Rock’s many local shops and restaurants and minutes from the Garden State Plaza Mall.

Currently, 50,000-square-feet of contiguous space is available across the entire third and fourth floors of the property. Move-in ready suites ranging from 9,000 to almost 24,000 square feet are also available. There is also approximately 10,000 square feet of on/below-grade space with direct exterior access that provides the type of physical structure required by medical office users who use large and heavy equipment.

According to JLL’s Q1 2023 Office Insights, Class A properties remain on the radar screen of tenants with larger space requirements. During the first quarter of this year, nearly 70% of leases greater than 10,000 square feet were signed in such assets. Continued M&A activity in the medical sector is also driving demand for well-located property that can provide consumers with more accessible care in modern, comfortable locations.

“208 Harristown Rd. is a premier mixed-use office and medical building with prime visibility, signage and impressive accessibility,” said DeMartino. “The property also offers the kind of high-end, turnkey space that employers are seeking as they adjust to new workplace trends that place a premium on highly amenitized Class A space.”

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