Atrium Corporate Park, Somerset, NJ
SOMERSET, NJ—Jones Lang LaSalle Capital Markets experts have successfully completed the sale of Atrium Corporate Park in Somerset, NJ. The buyer acquired the three-building, class A, 679,251-square-foot office park from a joint venture of Macquarie Group and LNR Partners for $33.5 million. The buyer was not identified; the sellers were identified by Real Capital Analytics, a proprietary research database that tracks commercial real estate transactions. The joint venture acquired the property in April 2012 from LaSalle Investment.
The buyer and seller were represented by Joseph Garibaldi and Thomas Walsh, managing directors; Heather Lombardi, vice president; and Katelyn Borovsky and Nick Vanderslice, associates, all with JLL.
“Atrium Corporate Park is an institutionally owned and maintained office portfolio that offered the buyer a compelling combination of credit cash flow stability and value-add leasing upside,” says Garibaldi. “Atrium Corporate Park offers one of the best value propositions in the Lower 287 submarket.”
Atrium Corporate Park includes three class A office buildings—300, 400 and 500 Atrium Drive in Somerset, NJ. Situated on 47.8 acres, the property provides easy commuting access to both Central and Northern New Jersey's deep labor pools with convenient highway access to I-287, I-78, Route 22, NJ Turnpike and the Garden State Parkway.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
