12B — February 24 - March 9, 2017 — Environmental/Green Buildings — Owners, Developers & Managers — M id A tlantic
Real Estate Journal
www.marejournal.com
E nvironmental /G reen B uildings
Heller and McCaffrey of Avison Young represented the landlord on these transactions KBS REIT II signs 63,969 s/f in leases at LEED-certified, Park Avenue at Morris County
LORHAMPARK, NJ — KBS Real Estate Investment Trust II (KBS REIT II) , a non-traded real estate investment trust based, in Newport Beach, California, announced today the signing of 63,969 s/f of leases at Park Avenue at Morris County. Park Avenue at Morris County is comprised of six Class A, Energy Star and LEED-certified office build- ings offering 1.16 million s/f of rentable space. The prop- erty is also WiredScore rated. The property is conveniently F
located near the Columbia Turnpike exit off Route 24, 25 minutes from Newark Liberty International Airport and 35 miles from New York City. Tenants can easily access the property by public trans- portation from New York City and neighboring towns via a private luxury shuttle service that runs between the property and the nearby Madison train station dur- ing prime commuting hours. Shuttle service is also avail- able on demand throughout the day for access to area
amenities including The Mall at Short Hills. The property offers tenants electric car charging stations and cov- ered parking. Onsite amenities include The Lunch Box, an online food delivery network avail- able on the property’s pro- prietary website and mobile application, a state-of-the-art conference center, a newly renovated atrium lobby at the 100 building, dry cleaning and a fitness center with yoga instructors, massage thera- pists and physical thera- pists. Park Avenue at Morris County also features outdoor volleyball and basketball courts, as well as two miles of nature trails. Additionally, Park Avenue at Morris County is home to a newly developed Goddard School, an early childhood education center servicing tenants and surrounding neighborhoods. This onsite facility provides tenants with childcare services conve- niently nearby their work- place. “It’s fantastic to call Park Avenue our home. The KBS team has made this a truly remarkable place to have our school and with the help of the Park Avenue Ambas- sadors and the Concierge, we are thrilled to offer outstand- ing care and education to the families in the campus,” said Laurie Hoffman director of education at The Goddard School. “What we are hearing from our newest occupants is that they feel Park Avenue has the amenities and services that will allow them to re- cruit and retain top talent in their respective industries,” said Shannon W. Hill, senior vice president at KBS and asset manager for the prop- erty. ”It’s very rewarding to hear this as it’s the precise outcome we set out to create when we started enhanc- ing the campus. Our latest feature is a fully redesigned atrium lobby in the 100 build- ing, which now serves as the social hub of the campus and venue for entertainment ac- tivities. We will continue to explore innovative services to enhance our tenants’ experi- ence at Park Avenue.” Jeffery Heller and Bill McCa f f rey o f Av i son Young represented the land- lord on these transaction. n
Park Avenue at Morris County
QUALITY ͻ COMMITMENT ͻ PERFORMANCE
Geotechnical Design & AnalyƐŝƐͻ nvironmental Site Assessments and
www.earthengineering.com Corporate Headquarters: 610-277-0880 ͻ Lehigh Valley: 610-967-4540 Central PA: 717-697-5701 ͻ South Jersey: 856-768-1001
Made with FlippingBook Annual report