X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NEW PROVIDENCE, NJ-The long-vacant Murray Hill Corporate Center, a 145,874-sf office building at 535 Mountain Ave. in this township’s Murray Hill section, has a new exclusive leasing and marketing agent. Owner RCC Real Estate Group has tapped GVA Williams New Jersey, Parsippany, to find tenants for the asset. For GVA Williams New Jersey, president David Simson, VP Colton Brown and assistant vice president Jamie Drummond are handling the assignment.

As reported by GlobeSt.com, RCC Real Estate, an Edison, NJ-based group, bought the asset for $20 million in early 2006 from K-Line Realty, a subsidiary of K-Line America Inc. The global transportation company had at one time used the site as its headquarters until moving to Richmond, VA several years ago. The building is currently fully leased to Lucent Technologies, which has its headquarters just across the street, but 535 Mountain Ave. is completely unoccupied. Lucent’s lease expires in February, 2008.

“K-Line had leased a portion of the building, approximately 60,000 sf, to Philips Consumer Electronics in 1997,” Drummond tells GlobeSt.com. “PCE was then acquired by Lucent, which subsequently expanded and leased the entire building from K-Line in 1999. Lucent has not occupied the space for some time, approximately five years.”

The building is located on a 20-acre site that can accommodate 170,000 sf of additional development. The existing building includes a conferencing facility and recently got a new roof.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.