100 Franklin Square Drive is a four-story office property in the Route 287 West submarket of Somerset, NJ. Built in 1984, it occupies a 5.82 - acre site with 180 surface parking stalls (4.2/1,000 SF). In 2012, AXRIA, acting as GP/GC, acquired the asset and executed a deep value-add renovation program through 2017, which included lobby modernizations, HVAC and roof replacements, corridor upgrades, façade repairs, and wayfinding enhancements . During this hold period, AXRIA re-leased 20,000 SF to Raritan Valley Surgery Center and secured renewals with PrimeWork and BDM Consulting. Upon stabilization of occupancy and cash flow, the property was sold in 2017.
