April 17, 2017

Office plans disclosed for 'Green at Florham Park'
- Rockefeller Group looking for tenant for site
Florham Park Eagle

The Rockefeller Group, developers of the 268-acre Green at Florham Park, are looking for a tenant to occupy their latest project, a planned office complex at 110 Park Ave.

The real estate developers hope to secure a Leadership in Energy and Environmental Design (LEED) certification for 300,000-sq-ft of office space, according to a statement issued April 10.

The certification, issued by the U.S. Green Building Council, provides a framework for developers to build environmentally-sustainable buildings.

The group has tasked Raymond Trevisan and William O’Keefe from Morristown-based Cushman & Wakefield to market the property to potential tenants.

Rockefeller Group spokeswoman Caroline Bligh said a timeline for completing the office complex is contingent on tenant interest and commitment.

“Rockefeller Group just launched the marketing campaign to find a tenant to build the complex for,” she stated.

The developers noted that marketing the project is propelled by a “robust” office leasing market in northern New Jersey. During the first quarter of 2017, northern New Jersey’s office market saw the leasing of 1.4 million square feet of office space, representing a 33.7 percent increase over the first quarter of 2016, according to Cushman & Wakefield’s most recent MarketBeat research report.

“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.”

Many Projects
The planned new office complex is the latest in a series of high-profile projects being constructed at the corporate campus.

Last October, Gov. Chris Christie joined Mayor Mark Taylor and officials from the Summit Medical Group and the Rockefeller Group to break ground for the Summit Medical Group MD Anderson Cancer Center at 150 Park Ave.

The state-of-the-art 130,000-sq-ft medical center is being developed in partnership between the Berkeley Heights-based Summit Medical Group and the University of Texas MD Anderson Cancer Center, based in Houston, Texas. It is expected to open in 2018.

The Summit Medical Group already occupies a separate, 100,000-sq-ft facility at 140 Park Ave, which opened in the summer of 2015.

The Rockefeller Group is partnering with Korman Communities to build the AVE at Florham Park, a “flexible-stay community” that features 256 corporate suites. The site is anticipated to open next month.

Also being developed for The Green is the ARCHER Hotel, a 107,122-sq-ft hotel at 130 Park Ave. expected to open by the end of 2017.

Additional plans for the site include a 425-unit residential community developed by Basking Ridge-based Pulte Homes at 86 Park Ave.

The residential development, to be called Del Webb at Florham Park, would cover about 79 acres along Park Avenue along the municipal border with Madison, according to the site plans.{/div}

The project calls for 18 of the units to be affordable housing. Residents must be 55 or older to reside in any of the units. The project would satisfy part of the borough’s affordable housing mandate.

The site is already home to NFL Jets football training center and BASF’s North American headquarters.

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