Class A Site is Zoned for Office, Lab and Research Uses
SOMERSET, N.J. (April 7, 2011) – Bergman Real Estate Group, together with Century 21 Commercial Worden & Green, jointly announced today their appointment as exclusive leasing agent for Tower 270 located at 270 Davidson Avenue in Franklin Township, N.J.
“We are thrilled to start working on this assignment,” said Michael Bergman, President of Bergman Real Estate Group. “This distinct, attractive office building will now offer exceptional leasing opportunities and tremendous value for both large and smaller office users.”
The entire building of 230,000 square feet is currently available for lease at rents starting as low as $18 per square foot.
Built in 1987, Tower 270 is the tallest building in Somerset County. It is an attractive, all-reflective glass, class-A office site with flexible floor plates and ceiling heights, zoned for office, lab and research uses. Amenities include an on-site café with seating, ample parking including reserved underground spaces, renovated common areas (underway) and on-site management.
Tower 270 is located directly adjacent to the Summerfield Suites Hotel and is in close proximity to restaurants, hotels, downtown New Brunswick, Rutgers University and the Bridgewater Commons Mall. It is ideally located less then a mile from the four-way interchange of I-287, offering convenient access to I-78, Routes 22 and 202/206, the New Jersey Turnpike and the Garden State Parkway.
Tower 270 is about to undergo extensive lobby and common area renovations within the next few months, including new ceilings and light fixtures, enhanced lighting, granite floors, wood and tile wall treatments and other modern upgrades. The on-site café will also be remodeled as part of the overall interior renovations, which are scheduled for completion in the summer of 2011.
Ownership is also working on plans to completely change the exterior look of the building with new materials for the façade. The new owner will be investing several million dollars in renovations to the property.
“Once these interior and exterior renovations are completed, which is a major financial commitment by the ownership, Tower 270 will have an entirely new look and feel, making this building the best option available in this submarket,” stated Bergman.
The ownership of Tower 270 is a very well funded investment group with an extensive real estate portfolio mainly located in Metro New York. Their primary business is in high- end luxury imports and marketing. Tower 270 is managed by the ownership’s DeLion Corp who is committed to delivering the undiluted attention and care that tenants deserve and expect from such a class A building.
“Tower 270 offers efficient, center core floor plates of approximately 28,500 square feet providing maximum flexibility to accommodate both large and small space users,” stated John G. Osborne, Executive Director of Leasing and Marketing for Bergman Real Estate Group. “We will be targeting large corporate tenants to lease the upper floors which afford great design and spectacular views, while also meeting the needs of smaller to medium size companies on the lower floors.”
Osborne added, “Not withstanding our multi-tenant leasing approach, Tower 270 offers a unique opportunity for a plus-230,000-square-foot company looking for newly renovated headquarters quality office space in Central New Jersey.”
Anita Singh, the top commercial agent for Century 21 Worden & Green and the number one Century 21 Commercial Agent in the United States, is handling this assignment jointly with Bergman Real Estate Group. She specializes in the leasing of medical space and has tremendous connections to the pharmaceutical and medical industry.
“We expect there will be interest from national and local pharma- and biotech companies,” stated Singh. “They are attracted to the area because it has become a hub for these types of firms, making it easier to find well-matched employees.”
The proximity of Robert Wood Johnson University Hospital, St. Peter’s Medical Center and Somerset Medical Center makes this location ideal for anyone in the medical field.
To learn more about leasing opportunities at Tower 270, contact John G. Osborne at 732-855-8600, ext. 115 or Anita Singh at 908-874-4700, ext. 273 or e-mailing her at anita.singh@century21.com or visit www.bergmanrealty.com.
