Our Investments
Investments Selected with Precision to perform with power
400 and 600 Atrium Drive
400 and 600 Atrium Drive
Somerset, NJ 08873
Somerset, NJ 08873
Type: Mixed-Use
Size: 355,000
Built:
Investment Date: 9/3/2021
Strategy: Development
31 acre re development site situated in Somerset, NJ, less than five minutes off I 287 The property is currently improved with a 350 k sf, 34 leased office building that will be emptied and demolished upon site plan approval Preliminary concept plan allows for two Class A 294 k and 132 k sf warehouse distribution buildings, and each size have seen robust tenant demand The Somerset submarket sits at 4 vacancy rate (Q 1 2021 while rents have increased to all time highs