MORRISTOWN REIMAGINED OUNT KEMBLE
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1 MORRISTOWN REIMAGINED OUNT KEMBLE
2 OVERVIEW Ownership is breathing new life into a 425,000 RSF property to create a contemporary workplace for today s workforce. New amenities, new finishes, new common areas, and a new setting fuse to create a new paradigm for office all within two minutes of amenity-rich downtown Morristown.
3 CAPITAL IMPROVEMENTS The transformation underway at 340 MK is bringing forth a new type of office building with Millennial-friendly features: New façade featuring full-height glass curtain walls Above-average finished ceiling heights New circular entrance and extensive site work to improve traffic flow New, striking common area finishes State-of-the-art mechanical systems and controls Abundant power feed
4 AMENITIES Amenities designed to enhance daily interactions, spur creativity, and promote productivity. FULL SERVICE CAFE TOWN HALL CONCEPT BARISTA FITNESS CENTER GAME ROOM / LOUNGE
5 AMENITY SCHEME
6 DOWNTOWN MORRISTOWN A Live, Work, Grow Community. Home to 1,200 businesses (400 located in downtown) 140 Restaurants & 20+ Bars Retail options: local boutiques to national chains Three major downtown hotels: Hyatt, Westin, and Best Western Plus Pedestrian-centric, downtown living Wide variety of housing; single-family, townhouses, condominiums, and rentals Nearly $1B in public, private, and non-profit investment over the past 20 years World class hospital: Morristown Medical Center Cultural and Historical Activities: 2 theaters and 2 national historic parks Outdoor Activities: 10 national, state, and county parks located within 20 minutes of downtown
7 AMENITY-RICH NEIGHBORHOOD
8 CONVENIENT REGIONAL ACCESS I minutes (1.4 miles) via Exit 33 Downtown Morristown 5 minutes (2.1 miles) via US-202N Morristown Municipal Airport 14 minutes (8.7 miles) via I-287N Newark Liberty International Airport 30 minutes (25.8 miles) via NJ-24E and I-78E New York Penn Station 60 minutes via N.J. Transit / Morristown Station 340MK TO MIDTOWN MANHATTAN 60 MINUTES / Trains to NY Penn Station every 20 to 30 minutes during peak travel time 38 MILES / 50 MINUTES 340MK TO DOWNTOWN MORRISTOWN WHITE PLAINS STAMFORD 2.1 MILES / 5 MINUTES NEW JERSEY WAYNE YONKERS NEW ROCHELLE PARSIPPANY HACKENSACK MORRISTOWN TRAIN STATION FORT LEE NEW YORK MORRISTOWN MONTCLAIR EXIT 35 MORRISTOWN AIRPORT LaGUARDIA AIRPORT EXIT 33 NEWARK HOBOKEN NEW YORK PENN STATION NEWARK LIBERTY INTERNATIONAL AIRPORT JERSEY CITY HEMPSTEAD JOHN F. KENNEDY INTERNATIONAL AIRPORT VALLEY STREAM BRIDGEWATER EDISON NEW BRUNSWICK RARITAN BAY
9 ECONOMIC INCENTIVES Potential incentives for a company occupying 200,000 square feet and employing 800 workers in an industry with salaries higher than the county average: TOTAL INCENTIVE OVER 10 YEARS FOR Base Credit: $3,000 Higher than Average Salary: $500 Target Industry: $750 High Number of Employees: $1, EMPLOYEES: $42,000, ,000 SF = $210/SF OVER 10 YEARS ($22/SF annually) TOTAL ANNUAL NEW JOB CREDIT PER JOB $5,250 Source: NJEDA.com
10 AERIAL SITE PLAN
11 FLOOR PLANS THIRD 79,063 RSF SECOND 146,710 RSF FIRST 144,348 RSF GROUND 54,505 RSF CONFERENCE CENTER CAFETERIA FITNESS CENTER ATRIUM COFFEE BAR CIRCULATION RESTROOMS 340MK.COM Exclusive Leasing Agent: Timothy R. Greiner Blake Goodman
12 GROUND FLOOR 54,505 RSF CONFERENCE CENTER CAFETERIA FITNESS CENTER ATRIUM CIRCULATION RESTROOMS 340MK.COM Exclusive Leasing Agent: Timothy R. Greiner Blake Goodman
13 FIRST FLOOR 340 MT KEMBEL First Floor 144,348 RSF ATRIUM COFFEE BAR CIRCULATION RESTROOMS 340MK.COM Exclusive Leasing Agent: Timothy R. Greiner Blake Goodman
14 SECOND FLOOR 146,710 RSF ATRIUM CIRCULATION RESTROOMS 340MK.COM Exclusive Leasing Agent: Timothy R. Greiner Blake Goodman
15 THIRD FLOOR 79,063 RSF ATRIUM CIRCULATION RESTROOMS 340MK.COM Exclusive Leasing Agent: Timothy R. Greiner Blake Goodman
16 SECOND FLOOR TESTFIT 146,710 RSF PRIVATE OFFICES WORKSTATIONS OPEN COLLABORATION CONFERENCE/TRAINING/ PHONE/PANTRIES COPY/PRINT, STORAGE, IT AND ELECTRICAL 340MK.COM Exclusive Leasing Agent: Timothy R. Greiner Blake Goodman
17 SPECS ACRES YEAR BUILT 1982, Completely renovated in 2017 BUILDING AREA 425,000 RSF NUMBER OF FLOORS 3 + Ground level FINISHED CEILING HEIGHTS slab-to-slab AMENITIES Full service cafeteria, flexible conference center, barista, fitness center, game room / lounge ZONING OL-40 Office and research laboratory zone STRUCTURE Steel frame with poured concrete floors over metal decking with 30 x 30 column spacing EXTERIOR WALLS New glass façade with vertical solar glazing PARKING Approximately 1,600 surface spaces LOADING DOCK Loading dock is under grade with accommodations for vehicles ROOF Low slope, fully-adhered Ketone Ethylene Ester (KEE) membrane manufactured by Fibertite. Installed in 2005 ELECTRIC ELEVATORS HVAC 3 separate feeds carrying 3,500 amps, each delivers 35,000 volts at ,500 total amps 6 hydraulic passenger elevators 2 freight elevators Brand new energy efficient system and controls. Applied VAV rooftop units and high-efficiency, direct expansion, refrigerant coils (ten 125 ton units). 340MK.COM Exclusive Leasing Agent: Timothy R. Greiner tim.greiner@am.jll.com Blake Goodman blake.goodman@am.jll.com
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