Class-A Office Building in Ramsey Under New Ownership; Avison Young New Jersey Remains Exclusive Leasing Agent

12/12/17

New Ownership Retains Avison Young Team to Continue Leasing Available Space at 500 N Franklin Turnpike Office Property in Ramsey

Jeffrey L. Heller, Avison Young, Principal and Managing Director of New Jersey,is announcing that the firmwill remain the exclusive leasing agent for 500 N Franklin Turnpike in Ramsey, NJ, a 140,000-square-foot office property by the building’s new owners, Highstone Equity Group, a real estate investment firm that owns and controls approximately one million square feet of space.

Marc S. Krieger and Steven Geltzeiler, both Senior Vice Presidents, will lead the leasing initiatives for the building.

According to Krieger, “Highstone Equity Group has plans to make immediate improvements to the property by adding amenities that will appeal to today’s business, as well as structure leasing transactions that will compete favorably in the marketplace.The Ramseysubmarket is an attractive location for a variety of businesses and 500 N Franklin Turnpike is poised to take advantage of this interest.”

500 N Franklin Turnpike is a 139,000-square-foot-office building with covered parking an open air central plaza, café, on site management and a parking ratio of 5:1. The floor plates offer a tremendous window line and can easily accommodate both large and small tenancies from 1,500 square feet to 58,000 square feet – all on one floor.

The building is located near a number of popular local highways, including Route 17, I-287 and the New York State Thruway. The property is also within walking distance to the Ramsey NJ Transit Train Service and a number of hotels, conference facilities, regional and neighborhood retail and dining options are all within a short walk or car ride.

Avison Young is the world’s fastest-growing commercial real estate services firm. Headquartered in Toronto, Canada, Avison Young is a collaborative, global firm owned and operated by its principals. Founded in 1978, the company comprises 2,600 real estate professionals in 82 offices, providing value-added, client-centric investment sales, leasing, advisory, management, financing and mortgage placement services to owners and occupiers of office, retail, industrial and multi-family properties.

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