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Motorola Puts 232,000-SF Campus on the Market

SOUTH PLAINFIELD, NJ-Binswanger/Klatskin gets the exclusive for the property, which the electronics giant is vacating to consolidate its regional operations at another area location.

By Eric Peterson | Updated on September 04, 2001

SOUTH PLAINFIELD, NJ-Motorola had in recent years poured millions of dollars into its 232,000-sf class A facility at 1111 Durham Ave. here. Now, as the company repositions itself, consolidating its regional operations at a nearby location, it has put the entire facility on the market. The result is that the teeming sublease market in New Jersey has yet another large block of space to contend with.

Binswanger/Klatskin, which has had Motorola as a long-time client in New Jersey, has gotten the exclusive to market the facility. Located near the confluence of I-287, the Garden State Parkway and the New Jersey Turnpike, the upgraded asset is owned by Wells Real Estate Investment Trust, based in Norcross, GA.

“The 111 Durham Ave. property is being marketed for sublease for either single or multiple tenancy, for those with large requirements,” according to B/K’s David Knee. Knee and Charles Fern, both executive vice presidents of the firm, are heading the assignment. The company, based in Teterboro, NJ, opened a regional office at Raritan Center in Edison, NJ earlier this year.

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