The former AT&T campus at 900 Route 202-206 North in Bedminster is now the Bedminster Technology Center — Courtesy: JLL
By Joshua Burd
MetLife Investment Management has tapped JLL to reposition and market the nearly 1 million-square-foot former AT&T campus in Bedminster, providing what the brokerage team says is a prime opportunity for new users or a developer seeking to reinvent the property.
Located at 900 Route 202-206 North, the complex spans 197 acres and has been rezoned by the township to accommodate up to 2 million square feet of total development targeted toward biotechnology research and development and advanced manufacturing uses, JLL said. The firm is now marketing the newly branded Bedminster Technology Center for single or multitenant lease, sale or site redevelopment with acreage for sale that it says would appeal to next-generation companies seeking to build and own specialized space.
The offering follows AT&T’s recent departure from the iconic site after more than 45 years, when it relocated within the township to a 233,000-square-foot office building at 1405-1425 Route 206.
“This remarkable campus is effectively a blank canvas,” said Dan Loughlin, a JLL vice chairman, who is leading a marketing team that includes Executive Vice President Charles Dillon, Executive Managing Director Matt Jackson, Managing Director Bob Ryan, General Manager Bob Stark, Vice President Ron Simoncini and Associate Vice President Matt Loughlin, as well as a capital markets group led by senior managing directors Jose Cruz and Jeremy Neuer.
Loughlin added: “With its current redundant infrastructure capacity and fully secured location with superior transportation options and access to a highly educated population, Bedminster Technology Center could be redeveloped with its as-of-right zoning as a technology park for the development of advanced manufacturing facilities in an expedited timeframe.”
JLL noted that the property, long known as One AT&T Way, consists of four interconnected buildings totaling 939,795 square feet and features a global network operations center, a heliport and 15 acres of covered and surface parking. The site also has some 300,000 square feet available for a conference center, hotel and amenities that could include a fitness center, restaurants or retail.
New users would benefit from Bedminster’s location at the crossroads of interstates 287 and 78, providing access to skilled labor, in a region where some 65 percent of residents have a bachelor’s degree or higher, JLL said. It also sits within the region’s cluster of major life sciences companies and provides the chance to create the first such development within the township, the firm added, noting that more than 20 percent of leases signed in the state during the third quarter of 2023 involved pharmaceutical or life science companies.
The marketing team will include experts in JLL’s global life science and technology advisory and business and economic incentives practices, as well as the full platform of JLL services in finance, lease accounting, tax and transaction structuring and global capital markets.
