Florham Park office complex sells for $13M+

Colliers Vreeland

A 150,000-square-foot office campus in Florham Park has sold for $13.26 million, according to real estate firm Colliers.

Colliers said Westminster Corporate Center, at 30A & B Vreeland Road, includes two, three-story buildings totaling 158,583 square feet with 27,000-square-foot rectangular floor plates.

The team of Jacklene Chesler, Patrick Norris and Joe Lane brokered the deal. The buyer and seller were not disclosed.

“Westminster Corporate Center offers a rare, value-add investment opportunity,” Chesler said in a prepared statement. “The surrounding Florham Park area enjoys a skilled labor pool and above-average incomes, making a strategic location for notable office occupiers as well as world-class health care facilities. The new owners come into a favorable situation, being able to offer a superior product and the most competitive rent in the Florham Park market.”

The campus sits on 15.35 acres, and includes a central courtyard with landscaped grounds, covered parking and solar panels. Renovations this fall will add amenities including pickleball and basketball courts and more.

Colliers said it completed the sale in conjunction with Ten-X, a leading online platform for commercial real estate.