Meridian Exchange
283,800 SF office building at 1566 Raymond Blvd, Elizabeth, NJ 07201. For Lease through the owner.
For LeaseStatus
$42.62/SFAsking rent
1985Year built
AClass
Property facts
| Property type | Office |
|---|---|
| Building class | A |
| Rentable area | 283,800 SF |
| Stories | 15 |
| Year built | 1985 |
| Typical floor | 18,920 SF |
| Lot size | 0.5 acres |
| Parking ratio | 1.4/1,000 SF |
| Occupancy | 100.0% |
| Zoning | CS |
| Parcel ID | 50-971-4873 |
| Submarket | Port Newark / Elizabeth |
| Market | Northern New Jersey |
| Walk Score | 80 |
| Transit | Metro 2 min walk |
| Listing package | Silver |
Building amenities
Conference Facility, Security System, Fitness Center
Major tenants
| Tenant | Industry | Floor | SF | Lease expiry |
|---|---|---|---|---|
| Orbit Media Group | Government | 13 | 35,980 | 2033-10-01 |
| Tidewater Shipping | Professional Services | 8 | 73,520 | 2030-01-01 |
| Ellison & Stroud | Media | 11 | 77,730 | 2026-07-01 |
| Juno Software | Government | 13 | 18,530 | 2028-09-01 |
| Capital Policy Group | Retail | 7 | 74,810 | 2032-06-01 |
Sale history
| Date | Price | $/SF | Cap rate | Buyer | Seller |
|---|---|---|---|---|---|
| 2018-03-21 | $38.27M | $134.86 | 6.09% | Vantage Point Capital | Juniper Real Estate |
Public record
| Owner of record | Thornfield Investments LLC |
|---|---|
| Assessed value | $74.75M |
| Land value | $28.42M |
| Improvement value | $46.33M |
| Annual tax | $1.49M |
| Tax year | 2026 |
| Lot size | 21,780 SF |
| Last deed | 2020-07-13 |
| Deed type | Special Warranty Deed |
| Legal description | LOT 28 BLK 719 PORT NEWARK / ELIZABETH ADDN |
Location
1566 Raymond Blvd
Elizabeth, NJ 07201
Port Newark / Elizabeth submarket · Northern New Jersey market
40.66407, -74.20399
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Property-level inventory shown here is RealStarGlobal sample data generated for product demonstration; live market activity, deal flow and news are sourced from the Acquirepad CRE intelligence feed and the public registries listed in the data sourcing plan.