X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

BERNARDS TWP., NJ-BEA Systems, a software company, used to occupy the entire 62,000-square-foot office building at 140 Allen Rd. on 15 acres in this township’s Liberty Corner section. But BEA relocated to another nearby building and was subsequently acquired by Redwood Shores, CA-based software giant Oracle Corp.

“We’re offering, for the first time ever, 140 Allen Rd. for lease in its entirety,” says Steven M. Pozycki Jr., senior vice president of the Parsippany, NJ-based SJP Properties, which owns the building. His company is handling the offering in-house, and in the wake of BEA’s departure, SJP has undertaken a major renovation program. Upgrades include new HVAC units, enhanced landscaping and lighting, web-based building management systems and common area upgrades.

The three-story asset was built in 1985, and SJP acquired the former Science Management Corp. headquarters in 1996. That deal triggered an earlier round of renovations, and within two months of the sale, SJP had BEA Systems in the building with a long-term lease.

“It’s the only full building available for lease on the I-78 corridor,” Pozycki says. “The location has high visibility, and it has direct access to major commuting highways.”

The property within the I-78 corridor is in Central New Jersey’s Somerset County. The 15-acre site also has the potential and is fully approved for a 36,000-square-foot, two-story expansion which, if completed, would bump the total space up close to 100,000 square feet.

As offered, 140 Allen Rd. averages 20,000-square-foot floorplates with availabilities ranging upward from 18,000 square feet to the full building. It’s currently listed without a specified asking rent, but comparable availabilities nearby are variously listed with asking prices from $24 to $27.50 per square foot.

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
  • 3 free articles* across the ALM subscription network every 30 days
  • 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 © 2020 ALM Media Properties, LLC. All Rights Reserved.