Colliers has been exclusively engaged by court-appointed receiver Mike Nevins of Cushman & Wakefield U.S., Inc. to market the receivership sale of Perryville III, a premier 285,400-square-foot Class A office asset located at 53 Frontage Road in Hampton.
Currently 61% leased, the three-story property offers investors a stable in-place income stream paired with significant value-creation potential through the lease-up of approximately 104,000 square feet of available space. The offering is being managed by Colliers Vice Chair Jacklene Chesler, Senior Vice President Patrick Norris, and Transaction Manager Brittany Leventoff.
Situated on a 15.35-acre site directly off Interstate 78 between Exits 11 and 12, Perryville III features robust corporate amenities, including 1,167 surface parking spaces, an on-site café, a fitness center, a jogging trail, and outdoor recreational courts.
The building is anchored by a roster of established tenants—such as Celldex Therapeutics (who recently expanded and extended their lease), Ingersoll Rand, Linde Gas North America, The Arc of Hunterdon, and Wood Group USA. With nearly four years of weighted average lease term remaining, the asset provides a dependable financial foundation while offering new ownership multiple paths to enhance value.
Notably, the available inventory features a contiguous 61,000-square-foot block on the third floor. Backed by flexible OR-2 zoning and high-end building infrastructure, the property is well-positioned to attract institutional investors, owner-users, and corporate tenants spanning office, R&D, and institutional sectors.
“Perryville III offers a compelling opportunity to acquire an institutional-quality Class A office asset with durable in-place tenancy and multiple paths to value creation,” Chesler said. “It’s substantial available space, flexible OR-2 zoning and strong building infrastructure position the property to appeal to investors, owner-users and a range of office, institutional and R&D users.”
Located just 13 miles from the Pennsylvania border, the property benefits from Hunterdon County’s affluent demographics, highly educated workforce, and seamless connectivity across Northern New Jersey and Eastern Pennsylvania along the thriving I-78 corridor.
Colliers is marketing the property in partnership with Real Insight Marketplace, a prominent commercial real estate auction platform. The online auction for Perryville III is scheduled for Nov. 16–18.
For more details or to view the active auction listing, visit the Real Insight Marketplace Auction Page.
