C&W marketing Merrill Lynch campus.Cushman & Wakefield, Inc., has launched marketing for Merrill Lynch's Plainsboro, N.J., office campus, which is being offered as a sale/leaseback investment opportunity, announced Andrew Merin of Cushman & Wakefield's Metropolitan Area Capital Markets Group. Located in Princeton Forrestal Center at 800 Scudders Mill Road, the property features approximately 685,000 s/f of corporate-quality office space on 50 acres and an adjacent site that can accommodate nearly 700,000 s/f of office development. Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis. , which is reorganizing its Plainsboro operation into another office campus in nearby Hopewell, N.J., plans to lease back the entire building until early 2008. BlackRock, Inc., which recently merged with Merrill Lynch's Investment Management Group, has already committed to leasing more than half of 800 Scudders Mill Road for an extended period of time. "This is a great, value-added offering," Merin noted. "In addition to desirable area demographics The attributes of people in a particular geographic area. Used for marketing purposes, population, ethnic origins, religion, spoken language, income and age range are examples of demographic data. , the Route 1 Corridor office market is one of the strongest in the state. It boasts a direct vacancy VACANCY. A place which is empty. The term is principally applied to cases where an office is not filled. 2. By the constitution of the United States, the president has the power to fill up vacancies that may happen during the recess of the senate. rate of just 14 percent and a Class A average asking rental rate of $33.36 per square foot, the highest in the state. It is one of the few places in New Jersey where speculative construction is occurring to meet demand." Developed in phases from 1985 and 1994, 800 Scudders Mill Road was built for Merrill Lynch. Lake views, atrium atrium (ā`trēəm), term for an interior court in Roman domestic architecture and also for a type of entrance court in early Christian churches. The Roman atrium was an unroofed or partially roofed area with rooms opening from it. entrances, trading floor areas, an executive area and some raised flooring highlight the Class A complex. Amenities include covered parking, a full-service cafeteria cafeteria: see restaurant. with private dining and indoor/outdoor seating for 500 employees, a separate cafe, sundry sun·dry adj. Various; miscellaneous: a purse containing keys, wallet, and sundry items. [Middle English sundri, from Old English syndrig, separate. shop, dry cleaner drop off, ATM, coffee bar and medical suite. The property also connects to the Harrison Conference Center and Hotel, which Merrill Lynch developed and formerly owned. The facility has 364 guest rooms and a state-of-the-art training facility, 360-person auditorium auditorium Portion of a theater or hall where an audience sits, as distinct from the stage. The auditorium originated in the theaters of ancient Greece, as a semicircular seating area cut into a hillside. , numerous restaurants and dining areas, health club, swimming pool, tennis courts, and recreational fields. |
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