5 BECKER FARM RD SUITE 140 Roseland NJ 07068

Since 2016, the current ownership has completed over $2.3 million in improvements which include upgrades to the lobby and entrance areas, the complete modernization of the bathrooms, repaving of the parking lot, installation of a new 170-ton chiller, various HVAC system upgrades, among others. These capital improvements have helped 5 Becker secure 53,000± SF of new leasing velocity, including Sectigo (31,985± SF) on a long-term basis, as well as 47,000±SF of extensions with existing tenants.

• 121,667± SF Class A office building
• 91% leased to a diverse tenant roster
• In-place NOI of $1,444,000±​​​​​
• Strong WALT of 4.51 years
• Over $2.3 million in recent improvements
• Adjacent to I-280 providing immediate connectivity to: Newark’s CBD (15± minutes), Amtrak Service via Newark Penn Station (16± minutes), Newark International Airport (27± minutes), Manhattan (33± minutes)
• Dense corporate/headquarter environment with neighboring companies such as: ADP (Fortune: #227) - World Headquarters, Prudential (Fortune: #53), Lowenstein Sandler – Headquarters, Connell Foley – Headquarters
• Surrounded by a plethora of retail amenities including Whole Foods, Shake Shack, Blaze Pizza, Nordstrom Rack
  

The Property’s immediate neighborhood is expected to see over 360,000± SF of legacy office product be redeveloped for alternative use in the immediate future. The projects have been approved by the municipality and are set to begin construction shortly. Combined, the projects will deliver over 400 multifamily units, a 116-room hotel and supporting high-end retail within walking distance of 5 Becker Farm.