50 W State Street enables qualified investors the opportunity to acquire a class A, high-quality property in a community committed and positioned to grow its residential and commercial inventories. Investors will also have a rare ability to achieve outsized returns through the lease up of the remaining 43,247 square feet of vacancy, while also benefitting from a diversified, stable cash flow. Currently 84% leased with an average weighted lease term of approximately 9.08 years, the Property boasts a strong tenant roster that features New Jersey’s Department of Treasury and other dynamic tenants with exposure to sectors that include law, healthcare, media and government. 75% of the rent roll is government services, positioning One State Street Square as the premier privately owned office tower in New Jersey’s capitol city of Trenton.
Jones Lang LaSalle Americas, Inc. (“JLL”), a licensed real estate broker, has been retained on an exclusive basis to arrange the sale of One State Street Square (the “Property” or “50 W State Street”), a 265,694 square foot, class A office property located less than a mile from US Route 1 in Trenton, New Jersey. 50 W State Street, one of the premier Class A office buildings in the Trenton submarket, offers its tenants superior, unobstructed views in addition to outstanding accessibility to Philadelphia and New York City along the I-95, SEPTA and Amtrak corridors.