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Corporate HQ or Housing Repositioning 53 Frontage Rd 294,000 SF Vacant Office Building Online Auction Sale Hampton, NJ 08827
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Investment Highlights
- Perryville I at 53 Frontage Road is a corporate-headquarters-grade setting with highly sought-after amenities and in-progress capital improvements.
- Delivered vacant and user-ready for professional occupants, or a developer can repurpose it to pursue a flexible housing/ multifamily opportunity.
- Nearly 40,000 households in the 10-mile radius have an average household income exceeding $154,300, and 45% having a bachelor's degree or higher.
- Market-defining professional office building in Hampton, New Jersey, directly off Interstate 78 with building signage exposure to over 100,000 VPD.
- Adjacent to Hoffman Park and within a short drive to Clinton’s historic downtown with dining, retail, and entertainment options.
- Northern New Jersey caters to diverse lifestyles, from farm living in Warren and Morris County to Newark's urban Central Business District.
Executive Summary
53 Frontage Road, a three-story office building totaling 294,000 square feet, sits on a 26-acre site in the affluent town of Hampton, New Jersey. After serving as the headquarters for Foster Wheeler for more than 35 years, Perryville I will be delivered vacant, offering a unique repositioning or redevelopment opportunity.
Professional landscaping with a water feature, plentiful surface parking for nearly 1,200 standard vehicles, on-site concierge services, and an immersive atrium lobby with three floors of floor-to-ceiling glass make a lasting impression on tenants and visitors alike. Additional property features naturally create a campus-like setting that includes a full-service café with indoor/outdoor seating, a well-equipped fitness center with lockers and showers, a technology-forward conference center, and tennis and basketball courts, as well as walking/running paths for outdoor recreation.
The property is strategically located off Interstate 78 between exits 11 and 12 in Hunterdon County, 13 miles from Pennsylvania. Hunterdon County is one of the wealthiest counties in New Jersey, with a median household income among the highest in the state, according to Forbes. Perryville offers unrivaled access from Pennsylvania’s Lehigh Valley to the west and Northern New Jersey’s tremendous corporate base to the east. This location has proven to be a major labor intercept, enabling employers to draw from the highly educated labor pools of Northern New Jersey and Eastern Pennsylvania. From the property, the Bedminster/Bridgewater residential communities are within a 20-minute drive, the Lehigh Valley International Airport is within a 30-minute drive, and Newark International Airport is within a 45-minute drive.
The property is part of a condominium association and has condominium ownership tenancy.
Tours are available by appointment only. Please get in touch with the listing broker to schedule.
Professional landscaping with a water feature, plentiful surface parking for nearly 1,200 standard vehicles, on-site concierge services, and an immersive atrium lobby with three floors of floor-to-ceiling glass make a lasting impression on tenants and visitors alike. Additional property features naturally create a campus-like setting that includes a full-service café with indoor/outdoor seating, a well-equipped fitness center with lockers and showers, a technology-forward conference center, and tennis and basketball courts, as well as walking/running paths for outdoor recreation.
The property is strategically located off Interstate 78 between exits 11 and 12 in Hunterdon County, 13 miles from Pennsylvania. Hunterdon County is one of the wealthiest counties in New Jersey, with a median household income among the highest in the state, according to Forbes. Perryville offers unrivaled access from Pennsylvania’s Lehigh Valley to the west and Northern New Jersey’s tremendous corporate base to the east. This location has proven to be a major labor intercept, enabling employers to draw from the highly educated labor pools of Northern New Jersey and Eastern Pennsylvania. From the property, the Bedminster/Bridgewater residential communities are within a 20-minute drive, the Lehigh Valley International Airport is within a 30-minute drive, and Newark International Airport is within a 45-minute drive.
The property is part of a condominium association and has condominium ownership tenancy.
Tours are available by appointment only. Please get in touch with the listing broker to schedule.
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Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Office
Building Size
294,000 SF
Building Class
B
Year Built/Renovated
1988/2001
Percent Leased
Vacant
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
98,000 SF
Slab To Slab
14’
Building FAR
0.25
Lot Size
26.53 AC
Parcel Number
25-00013-0000-00006-0000-C0001
Zoning
OR1 - Office Building
Parking
1,189 Spaces (4.04 Spaces per 1,000 SF Leased)
Amenities
- Conferencing Facility
- Fitness Center
- Property Manager on Site
- Restaurant
- Waterfront
- Central Heating
- Shower Facilities
- Air Conditioning
Not walkable
10/100
Exceptionally drivable
100/100
Not bikeable
10/100
Demographics
Demographics
1 mile
3 mile
5 mile
2025 Population
363
8,035
25,242
2020 Population
361
7,974
24,388
2030 Population
369
8,163
25,789
2025-2030 Projected Population Growth
1.6%
1.6%
2.2%
Daytime Employees
3,954
4,854
12,782
Total Businesses
84
248
1,274
Average Household Income
$148,150
$162,350
$167,222
Median Household Income
$122,282
$131,804
$140,147
Total Consumer Spending
$5.4M
$113.8M
$400.5M
Median Age
47.0
47.5
47.0
2025 Households
126
2,620
9,232
Percent College Degree or Above
22%
28%
30%
Average Home Value
$514,545
$523,613
$533,430
$ values in USD
Sale Advisors
Sale Advisors
Matthew Schnurr, Principal, Capital Markets
Matthew Schnürr is Partner in the Avison Young Capital Markets Group, specializing in Structured Finance and Investment Sales. He and his partners have concluded over $31B of sales, $6B of structured finance and $8B of debt placements.
Throughout his career, Mr. Schnürr has successfully completed equity, debt and structured finance transactions on office, industrial, residential and retail properties. He has created financial restructuring of developer portfolios which incorporated institutional joint venture participation. Additionally, he has executed trades of non-performing first mortgages and a significant volume of REO sale transactions, as well as DPO transactions.
Prior to Avison Young, Mr. Schnürr was Co-Head of the Transwestern New York Structured Finance platform. Prior, he was employed by Grubb & Ellis in their Institutional Investment Group, and at CB Commercial as a member of their Institutional Services Group.
Mr. Schnürr was additionally employed in the corporate finance department of Drexel Burnham Lambert. His responsibility within the department was to originate new client business. Well over $4 billion of new businesses was generated in high yield fixed income transaction, real estate syndication placements and economic development bond financing. A notable real estate syndication included participation with Integrated Resources on the US Steel Corporate headquarters facility in Pittsburgh, PA.
From 1978 to 1983, Mr. Schnürr was engaged in public accounting and specialized in the area of federal taxation.
Specialties: Real estate investment sale and structured equity/debt transaction professional.
Matthew was a Seton Hall University graduate in Accounting, Biology and Psychology.
He has completed numerous continuing education courses at the New York Institute of Finance, including Technical Analysis, Risk Arbitrage and Options Strategies.
Matthew was also the Captain of the fencing team at Seton Hall University.
Outside interests include mountain and road biking, traveling and motorcycle sport-touring, having recently explored the Alps from Germany to Monaco.
Throughout his career, Mr. Schnürr has successfully completed equity, debt and structured finance transactions on office, industrial, residential and retail properties. He has created financial restructuring of developer portfolios which incorporated institutional joint venture participation. Additionally, he has executed trades of non-performing first mortgages and a significant volume of REO sale transactions, as well as DPO transactions.
Prior to Avison Young, Mr. Schnürr was Co-Head of the Transwestern New York Structured Finance platform. Prior, he was employed by Grubb & Ellis in their Institutional Investment Group, and at CB Commercial as a member of their Institutional Services Group.
Mr. Schnürr was additionally employed in the corporate finance department of Drexel Burnham Lambert. His responsibility within the department was to originate new client business. Well over $4 billion of new businesses was generated in high yield fixed income transaction, real estate syndication placements and economic development bond financing. A notable real estate syndication included participation with Integrated Resources on the US Steel Corporate headquarters facility in Pittsburgh, PA.
From 1978 to 1983, Mr. Schnürr was engaged in public accounting and specialized in the area of federal taxation.
Specialties: Real estate investment sale and structured equity/debt transaction professional.
Matthew was a Seton Hall University graduate in Accounting, Biology and Psychology.
He has completed numerous continuing education courses at the New York Institute of Finance, including Technical Analysis, Risk Arbitrage and Options Strategies.
Matthew was also the Captain of the fencing team at Seton Hall University.
Outside interests include mountain and road biking, traveling and motorcycle sport-touring, having recently explored the Alps from Germany to Monaco.
Sheryl Waldorf, Partner - Capital Markets, Operations
Sheryl has a strong foundation in institutional real estate, investment sales, financing, and loan sales. With more than two decades of institutional experience across global real estate asset management and capital markets operations, she enhances the team’s ability to execute dispositions, coordinate financing assignments, and deliver a seamless client experience.
Sheryl partners closely with capital markets professionals to streamline deal processes, manage cross functional resources, and support the execution of complex sales and financing transactions.
Her background includes serving as Operations Director for a high performing Capital Markets team in New York City and holding multiple roles at a top global real estate asset manager, including Head of Disposition Services and Chief of Staff for a 200 person institutional investment division.
Sheryl partners closely with capital markets professionals to streamline deal processes, manage cross functional resources, and support the execution of complex sales and financing transactions.
Her background includes serving as Operations Director for a high performing Capital Markets team in New York City and holding multiple roles at a top global real estate asset manager, including Head of Disposition Services and Chief of Staff for a 200 person institutional investment division.
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Auction Contact
Taylor Cunningham
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Ten-X Commercial, LLC Arlene Richardson RE Brkr 2187404
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Photos
Street View
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Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000 USD
Maximum Transaction Fee
$300,000 USD
Example Calculation
Winning Bid Amount
$5,000,000 USD
Transaction Fee
$150,000 USD (3%)
Total Purchase Price
$5,150,000 USD
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Corporate HQ or Housing Repositioning | 53 Frontage Rd
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