HomeReal Estate & DevelopmentNAI Fennelly selected to market largest for-sale office building in Trenton

NAI Fennelly selected to market largest for-sale office building in Trenton

NAI Fennelly on Wednesday said it was chosen to market 240 W. State St., a 240,000-square-foot office building currently for sale in Trenton.

Located across the street from the New Jersey State Museum and just steps away from the New Jersey State House, the asset is currently the largest for-sale office building with indoor secure parking in Trenton.

The 16-story property features panoramic views of the Delaware River, an outdoor deck, pool and patio, an enclosed 192-space parking garage, four elevators and a ground-level café. In addition, the building is situated at the intersection of Calhoun Street, West State Street and Route 29, across from the Calhoun Bridge, providing easy access for both New Jersey- and Pennsylvania-based employees. The building is just under two miles from the Trenton Transit Center and West Trenton Train Station, featuring access to New York City and Philadelphia.

“Despite challenges surrounding the return to work, we continue to see office users aggressively searching for well-located, fun, creative and flexible office space that enables them to tap into state incentive programs,” Jerry Fennelly, president of NAI Fennelly, said. “240 W. State St. is an ideal occupier investment with a wide range of amenities, including on-site parking, outdoor pool and patio, a first-floor banquet hall with kitchen and a first floor 30-person café, paired with a variety of state incentives. We are excited to bring this unique opportunity to the market and look forward to securing a buyer hoping to purchase one of New Jersey’s best-located and amenitized office buildings to tap into the sustained demand for well-positioned office properties in the current market.”

Related Articles

JLL secures $296M financing from Freddie Mac for 5-county multi-housing portfolio

JLL Capital Markets announced that it has secured a $296 million financing for a 13-property, 1,880-unit multi-housing portfolio across New Jersey. JLL represented the borrower in...

JLL secures $86.2M loan for 355K SF Bridge Point Bayonne

 JLL Capital Markets announced that it has arranged $86.2 million in bridge financing for Bridge Point Bayonne, a newly constructed Class A warehouse and...

Marcus & Millichap announces sale of Hoboken mixed-use building for $3.47 million

Marcus & Millichap, a commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of a mixed-use...

Cushman & Wakefield arranges 2 leases for 180 Park Avenue in Florham Park

Cushman & Wakefield has arranged two leases on behalf of landlord Vision Properties at 180 Park Avenue in Florham Park. These transactions bring the...

NAI James E. Hanson negotiates sale of IOS site in Hillside to PSE&G

NAI James E. Hanson, the largest New Jersey-based full-service independent commercial real estate firm, negotiated the $4.35 million sale of a 1.2-acre industrial outdoor...

Kislak sells $1.05M industrial flex building in Middlesex

The Kislak Company, Inc., a leading commercial real estate brokerage firm headquartered in Woodbridge, announced the recent sale of a 6,375-square-foot industrial flex building...

Latest Articles

State Treasury: January major revenue collections stable

The Department of the Treasury reported that January revenue collections for the major taxes totaled $5.399 billion, up $72.8 million, or 1.4% over last...

Appeals Court ruling allows funding to proceed for Gateway Tunnel project

A U.S Appeals Court declined Feb. 12 to block a lower court’s temporary restraining order, allowing funding to move forward for the $16 billion...
00:00:55

Video: Bergen New Bridge Medical Center celebrates emergency department expansion

ROI-NJ was on site as Bergen New Bridge Medical Center officially celebrated the opening of its expanded emergency department with a ribbon-cutting ceremony attended...

Allegiant begins nonstop service from Atlantic City to 2 Florida destinations

Discount airline Allegiant Air began service Feb. 13 from Atlantic City International Airport to two Florida destinations – Punta Gorda and St. Petersburg.  As an...

JLL secures $296M financing from Freddie Mac for 5-county multi-housing portfolio

JLL Capital Markets announced that it has secured a $296 million financing for a 13-property, 1,880-unit multi-housing portfolio across New Jersey. JLL represented the borrower in...

ROI-NJ: Women of Inspiration – Kelly Crawford, Riker Danzig LLP co-chair

In the legal profession today, women hold more than 50% of private- and public-sector positions. Unfortunately, only 12-25% of law firms have women serving...

Latest Articles

State Treasury: January major revenue collections stable

The Department of the Treasury reported that January revenue collections for the major taxes totaled $5.399 billion, up $72.8 million, or 1.4% over last...

Appeals Court ruling allows funding to proceed for Gateway Tunnel project

A U.S Appeals Court declined Feb. 12 to block a lower court’s temporary restraining order, allowing funding to move forward for the $16 billion...

Video: Bergen New Bridge Medical Center celebrates emergency department expansion

ROI-NJ was on site as Bergen New Bridge Medical Center officially celebrated the opening of its expanded emergency department with a ribbon-cutting ceremony attended...

Allegiant begins nonstop service from Atlantic City to 2 Florida destinations

Discount airline Allegiant Air began service Feb. 13 from Atlantic City International Airport to two Florida destinations – Punta Gorda and St. Petersburg.  As an...

JLL secures $296M financing from Freddie Mac for 5-county multi-housing portfolio

JLL Capital Markets announced that it has secured a $296 million financing for a 13-property, 1,880-unit multi-housing portfolio across New Jersey. JLL represented the borrower in...