Advance at Southgate Demolition Complete – Now Ready for Tenant Fit-Out
Transformation of 445 South Street Into Class A Office Property Fully Underway
Advance Realty Group, a leading owner/developer of Class A office properties in the Northeast US, announced that demolition work at Advance at Southgate, 445 South Street in Morris Township, NJ, is complete and renovations are well underway, and the building is ready for tenant fit-out. The project is being retrofitted with new building and mechanical systems, and is ready for tenant fit-out. The transformation of Advance at Southgate into a Class A office property is rapidly moving forward and the property will be ready for tenant occupancy by Spring 2007.
Advance at Southgate is a four-story, 320,000-square-foot building that, as part of a multi-million dollar capital improvement program, is being completely redeveloped by Advance Realty Group into one of its signature “World Class Business Environments.” The capital improvement program includes a dramatic new entryway and two-story lobby, an entirely new roof, HVAC systems, upgraded window systems, tenant lobbies and common areas, as well as extensive site work and landscaping.
Bob Martie, senior vice president and regional managing director of leasing, Advance Realty Group, commented, “With its great Morristown location, access to many amenities and direct train service to Midtown Manhattan, Advance at Southgate is being transformed into a virtually new, Class A office building. Few large blocks of available space exist in Morris County, generating strong demand from corporate users seeking new, modern generation office space.”
Advance at Southgate features covered executive parking. Its ground level floor of 50,000 square feet of rentable office space also includes a café, fitness center and business/conference center. Floors two through four contain 90,000 rentable square feet each offering the maximum efficiency for world-class corporate tenants.
Advance at Southgate has immediate access to I-287, and is also close to I-24 and I-80, as well as commuter rail that provides direct access to Manhattan from the nearby Morristown and Madison train stations. Area amenities include the Park Avenue Club, Dolce International’s Hamilton Farm Conference Center, such prestigious hotels as the Hyatt and Westin, Morristown Airport and the downtown centers of Morristown and Madison. The property is served by NJ Transit “Wheels” transit shuttle, which provides daily pick-up and drop-off service to and from the train stations.
About Advance Realty Group
Advance Realty Group is an owner and developer of office, flex, industrial, retail and multifamily properties. With 5.5 million square feet of operating properties and a development portfolio consisting of eight million square feet of commercial projects and 9,400 residential units, Advance is one of the leading real estate owners in the Northeast and is headquartered in Bedminster, New Jersey. For more information, visit www.advancerealtygroup.com or contact the exclusive leasing agent, CB Richard Ellis at (201) 712-5600.