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One Harmon Plaza
Secaucus, NJ 07094

Acquired

1/8/2007

Location

One Harmon Plaza is situated on a peninsula in the Hackensack River, offering unobstructed views on all four sides including the Manhattan skyline from the 3rd to 10th floors. Located directly off of Route 3, the property is within 5 minutes of I-95 (New Jersey Turnpike) and within 15 minutes of major New Jersey commuting routes including I-280, I-80, I-78, Route 17, and Route 46. It is only 7 miles from Manhattan via the George Washington Bridge or Lincoln Tunnel and approximately one mile from the Meadowlands.

Description

One Harmon Plaza is a 10-story, 198,000 SF office building that is part of a mixed-use complex including a 330-room Crowne Plaza Hotel, a 20,000 SF retail building and a 1,000-car shared parking garage. The waterfront property is adjacent to a waterfront park and offers views of the Manhattan skyline but the convenience of a suburban location. One Harmon was developed by the previous owner, Hartz Mountain Industries, as their corporate headquarters facility. Upon acquisition, New Boston and our partner, Prism Capital Partners, initiated a capital improvement program at the project to improve property amenities and re-position the asset as a high quality, cost effective office location.

Investment Rationale

Purchased well below replacement cost
Acquired with experienced local partner, Prism Capital, currently in two other joint ventures with New Boston
Opportunity to lease up through a capital upgrade program and improved management




Fund Ownership

VI

Map

For more information regarding properties for sale, please email us at sales@newbostonfund.com or call 1.866.DIAL.NBF