141,000-square-foot, Class-A office building recently completed an extensive renovation
JLL has been selected to market 500 North Franklin Turnpike, a 141,000-square-foot office building in Ramsey, New Jersey, on behalf of the Highstone Equity Group, a New Jersey-based real estate investment firm.
The JLL team leading leasing and marketing the property will include executive managing director Frank D. Recine; senior vice president Derek DeMartino; and associate vice president Colleen Maguire.
“500 North Franklin is uniquely positioned to accommodate New Jersey tenants seeking
top-of-the-line amenities, ample interior and exterior windows and a highly convenient location,” Recine said. “The Class-A office building’s recent renovations and exposed common outdoor courtyard create a dynamic atmosphere ideal for companies seeking superior office space.”
The owners recently completed a capital improvement project for the property, which was built in 1989. The renovations included the addition of a lounge area, conference facility, fitness center with a locker room and showers and an upgrade to all common areas including the bathrooms. The building also offers a unique common courtyard space in the center of the property featuring outdoor seating. The three-floor building is currently 80% leased, with 25,785 square feet of office space available for lease.
500 North Franklin offers on-site parking for tenants, and is located in close proximity to several hotels, local dining and entertainment options in Ramsey. The property offers easy access to Ramsey’s NJ Transit station, I-287, I-87, and Route 17, and is near other New Jersey employment hubs, including Mahwah, Saddle River, and Paramus.
JLL is a leader in the northern/central New Jersey commercial real estate market, with more than 1,260 professionals and support staff providing agency leasing and property marketing, tenant representation, industrial services, strategic consulting, occupancy planning, workplace strategies, project and development services, property and facility management, and investment sales/capital markets debt and equity services to New Jersey's leading corporate tenants, investors and landlords. The firm, which assists clients from five full-service offices in Parsippany, Iselin (Metropark), Princeton, Morristown and East Rutherford, also acts as a local service provider for JLL’s global and national corporate clients in need of real estate assistance in New Jersey. NJBiz ranked JLL’s New Jersey operations as the No. 1 commercial real estate brokerage in the Garden State in 2020.
About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $18.0 billion in 2019, operations in over 80 countries and a global workforce of nearly 93,000 as of June 30, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
