Receiver Sale: Metropark Office Duo | Lease-Up Upside

Starting Bid: $1,750,000

Auctioneer: Peter Costanzo 

Auctioneer Company: c/o Fisher Auction Company, Inc.

Auctioneer License: BK No. 8910502

• 396,289 SF Class A Metropark Portfolio: Two-building office portfolio anchors New Jersey's premier transit-oriented submarket.

• Steps from Metropark's Amtrak/NJ Transit: Direct NJ Transit and Amtrak Acela access puts New York Penn Station just 55 minutes away.

• 57% Leased with 16 Established Tenants: In-place tenants include Greater NY Mutual, TP ICAP, HMH, US Bank, and Travelers Indemnity.

• Clear Path to Lease-Up via Capital Plan: Targeted upgrades to 333 Thornall create a defined path to stabilize the entire Portfolio.

Brokered by Newmark and powered by RealINSIGHT Marketplace, 333 & 343 Thornall Street is a 396,289-square-foot, two-building Class A office portfolio in Edison, New Jersey's Metropark submarket. Newmark serves as exclusive advisor to Trigild, the court-appointed receiver, in the sale of the leasehold interest. The Portfolio is currently 57% leased across 16 tenants, including Greater NY Mutual, TP ICAP, HMH, US Bank, and Travelers Indemnity, with a weighted average lease term of 2.4 years. 333 Thornall's column-free floor plates and 343 Thornall's recently renovated common areas, café, lounge, conference facilities, and fitness center support a targeted capital improvements program at 333 Thornall, creating a clear path to lease-up and stabilization. Situated at the crossroads of I-95, the Garden State Parkway, and I-287, and steps from Metropark Station, the Portfolio offers direct NJ Transit and Amtrak Acela service to New York Penn Station in 55 minutes. Metropark's Class A market remains structurally supply-constrained, with only 3 of 14 competitive buildings offering meaningful availability, positioning 333 & 343 Thornall to capture pent-up tenant demand immediately upon sale.