Morris Crossroads: A 970,000 s/f corporate campus combining quality and low cost in Morris County

Set in Morris County, Morris Crossroads Corporate Campus is anything but an ordinary office headquarters. The 970,000 s/f corporate campus features high quality office space with numerous on-site amenities and access to deep labor pools in New Jersey and eastern Pennsylvania. Morris Crossroads offers mid to large-size companies the opportunity to relocate, reduce operating costs, and enjoy a greater quality of life. Over the last five years, N.Y.C. - especially Manhattan - has been a landlord's market for office users of all sizes and types. Rental rates are skyrocketing and available space is limited. Many large companies find it simply impossible to locate enough s/f at a reasonable price and they are looking elsewhere as a result. The current prevailing wisdom is for corporations to keep their "N.Y.C." foot-print as small as possible with a secondary location in New Jersey. With a rapidly increasing demand for value options, New Jersey's position in the regional office marketplace has been enhanced as major corporations continue to relocate to the state. Morris Crossroads, by way of example, will save a full building user, on a 10-year lease, more than $1 billion in rent differential alone, when compared to class A rental rates in Midtown. Less than an hour from N.Y.C. and 20 minutes from Morristown, Morris Crossroads offers access to all forms of public transportation. Interstates 80 and 287 and Rtes. 10, 46, 202, and 206 are all either next to the campus, or within a short distance. And with BMW North America, JP Morgan, American International Group, Honeywell International, Sanofi-Aventis, Seiko, and M&M Mars as corporate neighbors, Morris Crossroads offers a proven headquarters location. The area immediately surrounding Morris Crossroads is home to a high-quality cross section of potential employees and employee housing. The area's generous labor pool includes 1.2 million well-educated residents within a 25-mile radius of the facility. The number of college graduates and professionals within this radius also compares favorably to other premier sub-markets. Mount Olive boasts of more residents with bachelor's degrees and higher education degrees than markets such as Princeton, Parsippany, and the Meadowlands. Morris Crossroads also offers potential corporations and their employees the advantages of a reverse commute. Rather than fight the traffic into N.Y.C., employees at Morris Crossroads will find that the drive to work is convenient and easy to navigate due to its direct access to Interstate 80 and Rtes. 206 and 46. Because of its location, Morris Crossroads also offers corporations the opportunity to access the 80,000 commuters traveling from Pennsylvania into N.Y.C. The location reaches more potential employees and affords them an easier commute - a win-win situation for corporations and their employees. Morris Crossroads provides corporations occupancy costs 60 to 80% lower than Manhattan, making it ideal for growing companies. Completed in 1998, the facility served as the corporate headquarters of BASF Corporation and contains all the latest technology, building infrastructure, security and other amenities. The 155-acre campus includes one of the largest class A corporate facilities in the entire N.Y.C. metro area. The facility features: * 970,000 s/f of office space within five interconnected buildings * Space divisible to 40,000 s/f * Structured parking * On-site fitness facility with shower and locker rooms * Conference and training facilities * 800-seat cafeteria with indoor and outdoor seating * Manned security with card key access to shared facilities * Two data centers with raised flooring, above standard mechanical systems and two emergency generators, which are capable of running the majority of the building's systems at peak loads. The property's electrical and communications infrastructure is designed to allow for secure and uninterrupted business at all hours of the day, every day of the year. Having the confidence that a company's data is secure and that its operations are protected is invaluable. At Morris Crossroads, it is also affordable. At a fraction of the cost of a comparable facilities in and surrounding N.Y.C., Morris Crossroads provides this peace of mind on top of everything else. Morris Crossroads Corporate Campus combines quality and cost. The facilities and their surroundings express a certain style and efficiency that is rare in the northeast market. It is difficult to find that rare combination of qualities that every corporation is looking for: Class A space at a reasonable price. Morris Crossroads, minutes away, worlds apart. The campus is immediately available for lease. Robert Donnelly and Charlie Hatfield of Cushman & Wakefield are the leasing agents. An affiliate of BPG Properties, Ltd, one of the nation's leading private equity real estate fund managers, purchased Morris Crossroads from BASF as part of a corporate surplus real estate transaction. The firm's portfolio includes over 20 million s/f of office, industrial and retail space and more than 25,000 apartment units in over 100 multifamily communities located throughout the U.S. BPG is based in the greater Philadelphia area and has regional offices in Chicago, Los Angeles, Washington, D.C., Boston, Atlanta and Raleigh-Durham.