Colliers announced Monday the official listing of CenterPointe III, a prominent three-story, Class A office building located at 1150 Route 22 E. The property, totaling approximately 83,444 rentable square feet, is positioned as a prime “value-add” play for investors or a strategic headquarters opportunity for owner-users.
The sale is being managed by Colliers’ Vice Chair Jacklene Chesler, senior vice president Patrick Norris, and Transaction manager Brittany Leventoff. The asset is scheduled for auction via the Ten-X platform from April 20th to April 22nd.
Currently ±30% occupied—with occupancy expected to dip to ±14% by August 1, 2026—the building offers a rare “plug-and-play” scenario for a mid-sized corporation. An owner-user could potentially occupy up to 71,000 square feet of modern, high-end office space while maintaining control over their corporate environment.
The building’s design features include:
- Efficient Floor Plates: ±29,000-square-foot plates with a central core.
- Flexible Subdivisions: Designed to accommodate both full-floor tenants or smaller multi-tenant suites.
- Versatile Zoning: The M1-B zoning allows for a diverse range of uses, including traditional office, medical, research, and laboratory space.
“Opportunities for companies to own a well-located, Class A building of this size are increasingly limited in today’s market,” Chesler said. “CenterPointe III offers owner-users the ability to control their space while benefiting from strong regional connectivity.”
Situated in the heart of Somerset County’s prestigious business district, CenterPointe III boasts significant frontage along US Highway 22. Its location offers:
- Infrastructure Access: Less than one mile from I-287, providing seamless links to Northern New Jersey’s major commercial arteries.
- Proximity to NYC: Approximately a 45-minute drive to Manhattan.
- Corporate Neighbors: The building sits in a “Fortune 500 corridor,” surrounded by global giants such as Sanofi and MetLife, ensuring access to a deep pool of top-tier professional talent.
For institutional investors, the property represents a classic repositioning opportunity. With the current vacancy, an investor can leverage the modern Class A aesthetics and the high demand for specialized medical or lab space in the I-287 corridor to drive significant rental growth.
Interested parties can view the official listing on LoopNet or contact the Colliers team directly to prepare for the April auction dates.
