695 Route 46


Fairfield, NJ

Acquisition Date:

December 1993


160,000 square feet

Asset Type:



This property was a 160,000 square foot office campus with expansion rights for an additional 60,000 square foot building. The building was vacant with only core and shell construction completed. Madison Principals renovated and built out the interiors to a Class A standard and aggressively marketed it to local and national tenants. Within 18 months the building was leased to Morgan Stanley, Pearson PLC, United HealthCare and other local tenants. It was subsequently sold at 88% occupancy to a publicly traded REIT.