C&W sees strong turnout for former CNA HQ.

Some 40 members of the commercial real estate brokerage community turned out for a March open house at 3501 Route 66 in Neptune, N.J. Cushman & Wakefield, Inc., exclusive leasing agent for the 185,000 s/f former CNA Insurance headquarters, hosted the event with property owner Armstrong Capital.

Armstrong Capital's first office fund, AC Office Equity Fund LLC, purchased the Class A office building last fall from CNA. Since then, the firm has spruced up the landscaping to increase the building's visibility and aesthetically enhance the property. Additional exterior work is planned for the spring, with interior updates to commence with tenant commitments.

"The building shows beautifully," noted Cushman & Wakefield's David Zwang, a Monmouth County leasing specialist based at the firm's Morristown office. "The brokers who attended the open house and toured the property were impressed by the way it has been maintained and by its flexibility to accommodate multiple ten ants despite its history as a single-tenant property."

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Zwang, who is heading the 3501 Route 66 marketing team, noted that the building's distinction as one of only a few large blocks of available Class A space in Monmouth County was a main factor in the open house drawing such strong attendance. Located on 50 acres at the junction of Routes 66, 35 and 33, the property includes two interconnected, three-story buildings housing 105,000 and 80,000 s/f. Units are available from 12,000 s/f.

Tenants will benefit from existing onsite amenities, including a full-service cafeteria, full conference facilities and ample parking. 3501 Route 66 had been beautifully maintained by CNA.