Connell
REAL ESTATE & DEVELOPMENT CO.The Connell Company, through its division Connell Real Estate & Development Co., develops and manages its Class A commercial office buildings. Connell’s real estate operations commenced in 1981 when The Connell Company acquired forty-four acres of land in Union County, New Jersey. Additional contiguous land acquisitions made from 1982 through 1986 completed the 170 acres that is now Connell Corporate Park. Since Connell intends to own the park (directly, or through its affiliates) for generations to come, Connell Real Estate adheres to the highest standards in terms of initial construction quality, ongoing maintenance and tenant base.
Major tenants in the park include Fortune 500 companies in the insurance, financial, pharmaceutical and high-tech industries. The park is strategically located 15 minutes from Newark International Airport and 22 miles from New York City. Access to the site has been improved with the construction of a fly-over from Plainfield Avenue and the completion of an exit ramp from eastbound Interstate 78 directly into the site. Additionally, the park has two licensed helistops available for tenants’ use. When fully developed, Connell Corporate Park will consist of over 1,750,000 square feet in six Class A office buildings.
Connell Corporate Center I:
In 1984, as the
first stage in the park’s development, Connell
Real Estate completed construction of Connell
Corporate Center I, a four story 428,123 square
foot Class A office building with a full service
cafeteria. At that time, Connell Corporate
Center I was the largest building in New Jersey
built on speculation. The Connell Company
and AT&T entered into a long term triple net
lease for the entire building just prior to completion
of construction. When this lease expired
in 2000, Connell Real Estate completed a major
renovation in the building and the building was
transferred to a Connell affiliate. The Connell
Company moved its corporate headquarters to
the top floor in late 2000 and the remainder of
the building was fully leased by 2001.
Connell Corporate Center II:
Connell
Real Estate completed construction of Connell
Corporate Center II in 1987. The five story
Class A office building consists of 343,614
square feet. This multi-tenanted building is
located on 39 acres and includes a full service
cafeteria and five story atrium.
Connell Corporate Center III, IV & V:
Situated on 70 acres, Connell Corporate Centers
III, IV and V will share a common courtyard and
full service cafeteria. Connell III, an eight story,
285,000 square foot Class A office building, was
completed and fully leased in 1999. Connell IV,
257,000 square feet on seven floors, was completed
in late 2001. Connell V, also 257,000
square feet, has its foundation in place and will
be constructed as conditions dictate.
Connell Corporate Center VI:
Connell owns
an additional 16 acre site in the Park that remains
available for future development. Connell anticipates
developing approximately 200,000 square
feet on this site in the near future.
Connell Real Estate continues to look for additional
land opportunities for future development. In
addition to initial development, Connell Real Estate
is responsible for actively managing the Park’s
leasing and maintenance activities, and arranges
for the construction of these assets through
The Connell Company’s internal funds.
Send your inquiries to: Real Estate@connellco.com
Click on the images below for additional
views
Connell Corporate
Center I
Connell Corporate
Center II
Connell Corporate Centers III and IV
