Kushner taps JLL to lease office building in NJ’s top performing office market

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Kushner Companies, one of the Northeast’s leading private real estate organizations, has retained JLL as the exclusive leasing agent for 18 Columbia Tpk., a 159,058 square foot Class A office building in Florham Park, NJ.

Built by Kushner in 2001 and originally designed as their headquarters, the three-story 18 Columbia Tpk. is a fully serviced property that offers tenants an on-site cafeteria, outdoor patio, fitness center, on-site management, and executive covered parking. It is located between Morristown, Livingston and Summit, and minutes from Livingston Mall, Short Hills Shopping Center and downtown Florham Park with its plethora of restaurants, retail, banks and hotels .

The property’s convenient location along the Columbia Turnpike provides easy access to Routes 24, 10 and 287, the New Jersey Turnpike and Newark International Airport and there are multiple branding opportunities in the highly visible building.

Ira Bloom, Director of Commercial Real Estate for Kushner Companies, said, “The central location of 18 Columbia Turnpike in Florham Park has always been key to its appeal. JLL’s local market knowledge and extensive service platform will expand our reach in the tenant market as we expand our proactive rental and loyalty program, and we are delighted to welcome them on board.

JLL Managing Director Blake Goodman, Senior Vice President Kelsey Nakamura and Associate Vice President Matt Loughlin will lead the agency leasing team. The property’s current availabilities include 27,840 square feet on the 3rd floor, with the capacity to accommodate needs up to 80,000 square feet.

“18 Columbia Turnpike has maintained an exceptional tenancy due to its prime location, market position and responsive ownership, which has always demonstrated an astute awareness of its tenants’ needs,” said Goodman. “We are thrilled to join Kushner Companies in marketing and leasing this distinctive property offering premium office space at competitive prices for employers who prioritize the well-being of their workers.”

Located in the affluent suburb of Florham Park, 18 Columbia Tpk. is part of a three-building corporate campus developed by Kushner at the start of the new millennium. It has maintained strong tenancy throughout and major tenants today include the law firms Saiber, McGivney, Kluger, Clark & ​​Intoccia, PC and Stifel.

According to JLL’s 3Q 2022 New Jersey Office Insight report, the Route 24 corridor has been a mainstay of the pandemic office market, maintaining stable vacancy and rents, despite market turbulence. Average Class A asking rents have held steady at $33.79 per square foot over the past two quarters.

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