The Hampshire Companies, a full-service, private real estate investment firm with equity in assets valued at over $2 billion, has announced it has begun the process of completely transforming 175 Park Avenue in Madison, N.J. into a premier, state-of-the-art office building. The 280,000-square-foot property will be entirely redesigned utilizing the world renowned architectural firm Kohn Pederson Fox. Occupancy is slated for the second quarter of 2012.
Hampshire has partnered with Kohn Pederson Fox, an international architectural firm recognized for design excellence and innovation in their buildings throughout the world, to pioneer a major change in commercial real estate development in New Jersey which combines great use of space, natural light and the latest technologies with superior design.
The property will be LEED Silver Certified and will be designed to be sensitive to the neighborhood and its surrounding natural environment. The 280,000-square-foot luxury office building will feature a full range of amenities including a fitness center, full-service cafe, and conference / team room facilities. 175 Park Ave will have cutting edge green roof technology and state-of-the-art energy efficient mechanical systems.
Situated on over 15 acres and conveniently located in the heart of Morris County’s premier suburban office market, 175 Park Avenue offers easy access to major area highways including Routes 124 and 24, I-78 and The Garden State Parkway. Convent Station is also minutes away and offers 45-minute midtown direct NJ Transit service to New York City.
“175 Park Avenue will be the most talked about building in New Jersey,” said Todd Anderson, a Principal of The Hampshire Companies. “We are committed to meeting the needs of today’s businesses through innovative space solutions and sophisticated design. 175 Park Avenue will be the new standard for green office design.“
Hampshire recently completed the transformation of CENTRA at MetroPark in Iselin, N.J., formerly occupied by Siemens; into a state-of-the-art LEED certified office building. Hampshire also commissioned Kohn Pederson Fox for the transformation design of CENTRA.
David Simson, Timothy R. Greiner, and Brendan McBride of Newmark Knight Frank are the exclusive leasing agents for 175 Park Avenue.
About The Hampshire Companies
The Hampshire Companies is a full-service, private real estate firm based in Morristown, New Jersey. The Hampshire Companies is a vibrant, dynamic organization that combines creative vision and superior execution, thereby enabling it to create and enhance value in real estate investments. Additional information on The Hampshire Companies is available online at HampshireRE.com.
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Angeline Boyer
R&J Public Relations
908-722-5757
TMiller@randjpr.com