PROPERTY LOCATION
Phillips Lighting
200 Franklin Square Drive
Franklin Township, New Jersey 08873
map it
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
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.
Phillips Lighting

For more information contact  

Jose Cruz
Jones Lang LaSalle Americas, Inc.
j.cruz@jll.com
Tel: 973-452-5949
https://www.jll.com