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PROPERTY
LOCATION |
Phillips Lighting
200 Franklin Square Drive
Franklin Township, New Jersey
08873
map it
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PROPERTY SUMMARY |
Type:
Office
Class:
B
Price:
Contact Broker
Auction
Measurement/Yardstick:
199,900
Sq Ft
Number of Buildings:
1
Number of Floors:
4
Occupancy:
0%
Year Built:
1986
Year Renovated:
1999
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PROPERTY
DESCRIPTION |
Property is a 4-story, 199,900 sf office building on 12.2 acres in Franklin Township, NJ. Originally constructed in 1986 as the corporate headquarters for the Philips Electronics Corporation (NYSE: PHG, S&P A-). Phillips sold the property in 2001 and is the single tenant, NNN occupier until 2021. There is a cafeteria and health/fitness center. There are 750 parking spaces (1 spot per/267 sf) and a helicopter pad. Property is located off I-287 and has a concrete foundation with steel framing, concrete slab-on-grade and concrete slabs on corrugated metal decks. Most likely the value is land less demo.
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For more information contact
Jose Cruz
Jones Lang LaSalle Americas, Inc.
j.cruz@jll.com
Tel:
973-452-5949
https://www.jll.com
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