SUCCESS
STORIES
DEAL SUMMARY
ATRIUM
PORTFOLIO
Atrium Corporate Campus is a four-building office complex situated on 66.7 acres in Somerset. The corporate campus is considered among New Jersey’s premier office parks and is situated in one of the state’s strongest submarkets. The location provides immediate access to Interstate 287 and Routes 18, 27, and 22. The buildings were developed by S/A Associates between 1983 and 1985. The campus includes interior atriums, cafeterias, and a fitness center available to all tenants.
| Property Name: | Atrium Corp. Campus & Campus Drive Exec. Center |
| Location: | 300, 400, 500 & 700 Atrium Drive |
| 379 & 399 Campus Drive | |
| Somerset, NJ 08873 | |
| Type: | Atrium - Class A Campus - Class B |
| Size: | Atrium - 852,400 square feet |
| Campus - 200,000 square feet | |
| Date of Acquisition: | January 27, 2005 |
| Purchase Price: | $78,300,000 |
| Date of Disposition: | December 19, 2005 |
ATRIUM CORPORATE CAMPUS &
CAMPUS DRIVE EXECUTIVE CENTER
SOMERSET, NJ
Campus Drive Executive Center is comprised of two four-story office buildings situated on 12.8 acres. The property fronts Campus Drive and is accessible from Interstate 287. Both buildings have newly renovated lobbies and proposed common area cafeterias.
Scott Sambade of Appian Real Estate was the Managing Partner for the portfolio and in conjunction with Allegiance’s existing management and construction team was responsible for the leasing, management, and overall execution of the business plan.