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Construction & Design

Rockefeller to build ‘destination propertyʼ for discerning New Jersey tenants

Rockefeller Group has selected Cushman & Wakefield as the exclusive leasing agent for a new build-to-suit office property at The Green at Florham Park, the company’s 268-acre, master-planned development home to the New York Jets, BASF’s North American Headquarters and Summit Medical Group.

The Cushman & Wakefield team of Raymond P. Trevisan and William O’Keefe is managing the assignment to market the property, designed to be one of the most sustainable office developments in New Jersey.

Rockefeller Group will pursue LEED certification for the property, which has zoning approved for up to 300,000 s/f of office space at 110 Park Avenue.

The Green at Florham Park
110 Park Avenue rendering

Rockefeller Group’s marketing of the build-to-suit project is propelled by a robust office leasing market in Northern New Jersey.

According to Cushman & Wakefield’s most recent MarketBeat research report for New Jersey, during the first-quarter of 2017, Northern New Jersey’s office market saw 1.4 million square feet of leasing velocity, representing a 33.7% increase over the first quarter of 2016.

CLARK MACHEMER
CLARK MACHEMER

“We’re extremely proud of what we’ve already accomplished at The Green at Florham Park, and we’re confident that 110 Park Avenue will be an excellent addition to the urban-inspired destination we’re creating,” said Clark Machemer, senior vice president and regional development officer for Rockefeller Group’s New Jersey/Pennsylvania operations.

“Florham Park has truly become a prime destination for office, hotel, multifamily, retail and recreation, and we’re thrilled to play a role in the community’s continued reinvention.”

Most recently at The Green, Rockefeller Group broke ground on the state-of-the-art Summit Medical Group MD Anderson Cancer Center, which will be adjacent to Summit Medical Group’s existing medical center facility, BASF’s North American headquarters and the New York Jets training facility.

Also at The Green, Rockefeller Group is partnering with Korman Communities on AVE Florham Park, a flexible-stay community featuring 256 corporate suites that will be ideal for corporate housing and relocations.

In addition, LodgeWorks Partners is developing the ARCHER Hotel, one of the only new-build hotel projects in Morris County in recent years. The boutique property, located adjacent to the Summit Medical building, will feature 161 guest rooms and suites, as well as a neighboring retail site with opportunity for local or national restaurant tenants.
Additional plans for The Green at Florham Park include a 425-unit active-adult residential community, to be developed by Pulte Homes on 100 acres of the site.

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