Piscataway Office for Sale - Route 287 East
371 Hoes Lane, Piscataway, NJ, presents a for-sale investment opportunity featuring a 133,609-square-foot, 96% leased, Class A office building positioned for continued income stability and value creation. Renovated in 2020, the three-story asset has been fully reimagined as a premier office environment along the Interstate 287 Corridor, combining strong in-place cash flow with the ability to capture upside through future lease-up and rising market rents.
371 Hoes Lane showcases a glazed gray glass curtain wall and a striking three-story open atrium with glass elevators, creating a bright, professional arrival experience. Recent capital improvements include a newly finished lobby with stone flooring, contemporary furniture, upgraded signage, and a full-service reception desk, along with renovated hallways and bathrooms. Tenants benefit from a full-service café and lounge with pool tables, free Wi-Fi, and collaborative seating, as well as a brand-new fitness center with locker rooms, showers, and an on-site personal trainer offering wellness classes. Solar energy supports both the building and carports, complemented by EV charging stations, professional landscaping, decorative exterior lighting visible from Route 18, and basement storage. These amenities enhance daily employee experience, encourage longer tenant tenure, and position the asset to outperform competing office products as market rents continue to rise.
Strategically located directly off Route 18 with immediate access to Interstate 287, 371 Hoes Lane offers seamless connectivity throughout Central New Jersey and the broader New York-New Jersey metro. The New Jersey Turnpike and Garden State Parkway are approximately 10 minutes away, while Newark Liberty International Airport is within 45 minutes, supporting commuting and business travel. Rutgers University sits just 3.5 miles north, strengthening the tenant base with proximity to a major research institution and a deep, highly educated labor pool. Within a 3-mile radius, nearly 300,000 residents live in the surrounding area, with 42% holding a bachelor’s degree or higher, and tenants benefit from nearby retail amenities, including Target, Aldi, Staples, LA Fitness, Chick-fil-A, and Walmart.
Piscataway itself has evolved into a diversified economic hub anchored by technology, healthcare, life sciences, pharmaceuticals, logistics, and research, with major corporate presences such as Colgate-Palmolive R&D, Johnson & Johnson, Siemens, and PepsiCo. The Route 287 East office submarket reported an 8.5% vacancy rate as of Q1 2026, no office space under construction, and year-over-year rent growth. 371 Hoes Lane presents a durable investment with stable income.
