56 Livingston Avenue
Roseland, NJ
Project summary
Partner: Mountain Development & Square Mile Capital Management
Roseland, NJ
Total SF: 434,000
Partner
Mountain Development & Square Mile Capital Management
Property
- Office
- 434,000 SF
Timing
2011 – Current
Opportunity
- Former HQ location of major pharmaceutical company
- 100% Vacant at time of purchase
- Fully renovated in 2001 including significant amenity base
- Well located off I-280 with convenient access to the Garden State Parkway
- Class A asset priced significantly below replacement cost
Value Add / Execution
- Converted to multi-tenant building and upgraded/added various amenities
- Executed major leases with FTI Consulting, Lowenstein Sandler and Connell Foley
- Recapitalized in 2018
- Long term hold