Rubenstein Partners – Parkwood Crossing
Campus before redevelopment
Bayer Healthcare North American HQ
Bayer Healthcare North American HQ
Bayer Healthcare North American HQ
MetLife Investments HQ site before construction
MetLife Investments HQ

67 Whippany

In December 2010, we acquired a vacant campus on a 194-acre park from its corporate owner, Alcatel-Lucent.  Post-closing, we reached agreement with Bayer Healthcare to develop its North American headquarters by reconstructing and combining two adjacent Class B buildings totaling 500K SF into a state-of-the-art 700K SF headquarters complex.  Additionally, we developed a 185K SF build-to-suit for MetLife Investments to serve as its headquarters on another portion of the site.

NASCAR Plaza
NASCAR Plaza
Main lobby
Main lobby
Main entrance

NASCAR Plaza

In December 2010, we acquired control of NASCAR Plaza through a note purchase from two banks and a separate fee purchase from the defaulted borrower.  Post-closing, we executed a self-foreclosure to extinguish any junior liens and clean up the ownership structure.  Soon thereafter we leased the majority of the property’s vacancy to Chiquita Brands International for its global headquarters.

Lenovo Enterprise Campus
Lenovo Enterprise Campus
Lenovo Enterprise Campus
Collaboration areas
Research and development

Lenovo Enterprise Campus

In December 2013, we acquired a 486K SF vacant campus on a 67-acre park from its corporate owner, Ericsson, through a privately negotiated process.  In March 2014, months after closing, we leased the entire campus to Lenovo Enterprise on a long-term, triple net basis.

Façade before redevelopment
Façade after redevelopment
Façade before redevelopment
Façade after redevelopment
Main entrance
Lobby before redevelopment
Lobby after redevelopment
Lobby before redevelopment
Lobby after redevelopment

211 Mount Airy Road

In September 2013, we acquired 211 Mount Airy Road from its corporate owner, Avaya.  Post-closing, we executed an extensive redevelopment, which included a new façade and building systems and an upgraded amenity package, and soon thereafter we leased the entire building (306K SF) to Daiichi Sankyo for its North American headquarters.

Main entrance and retail before redevelopment
Main entrance and retail after redevelopment
Façade and main entrance before redevelopment
Façade and main entrance after redevelopment
Lobby before redevelopment
Lobby after redevelopment
Lobby after redevelopment

30 Montgomery

In December 2013, we acquired 30 Montgomery through an off-market recapitalization process brought about by our ability to react swiftly to a quick-moving opportunity.  Post-closing, we completed an extensive redevelopment focused on improving the building’s exterior appearance and creating an expanded street-level lobby/retail presence, which allowed us to substantially increase the property’s rental rates.