JLL has been exclusively engaged to offer the leasehold interest of 300-600 Campus Drive, a prominent four-building office portfolio in Florham Park. This move presents investors with a value-add opportunity in the outperforming Route 24 submarket.
The portfolio encompasses 581,655 square feet situated on a expansive 64.80-acre site. The property is currently 68.9% leased, boasting a strong and diverse roster of long-tenured tenants.
The high-quality tenancy underscores the campus’s desirability. The tenant roster is anchored by PricewaterhouseCoopers and includes other major corporate names such as Morgan Stanley, UBS and Bank of America.
The offering’s key draw, however, is its significant value-add potential.
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The campus includes 181,056 square feet of vacant space (31.1% vacancy), allowing a new owner substantial upside through lease-up.
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The portfolio benefits from a strategic location in Florham Park, an area that has demonstrated “remarkable leasing absorption” throughout 2025 in the Route 24 submarket.
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The property offers premium amenities highly coveted by modern corporate tenants, supported by 1,861 surface and 78 covered parking spaces.
The current weighted average lease term (WALT) for the existing tenancy stands at 4.7 years. Built between 1997 and 1999, the property will be delivered free and clear of any existing debt.
JLL’s Capital Markets team, including Senior Managing Directors Jose Cruz and Jeremy Neuer and Director Ryan Carroll, are handling the acquisition and financing consultation. Leasing inquiries are being handled by Executive Managing Director Tim Greiner.
