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371 Hoes Lane 371 Hoes Ln 133,609 SF 96% Leased 4-Star Office Building Piscataway, NJ 08854 For Sale
Investment Highlights
- 371 Hoes Lane is a 133,609-square-foot Class A office investment leased at 96% with strong in-place cash flow and upside in Piscataway. NJ.
- Tenant amenities include ample parking, a full-service café, lounge with WiFi and pool tables, and a new fitness center with locker rooms and classes.
- Direct access to Route 18 and Interstate 287 places 371 Hoes Lane minutes from the NJ Turnpike, Garden State Parkway, and regional transit.
- Fully renovated in 2020, the three-story building features a glass atrium, modern lobby, upgraded corridors, and quality finishes throughout.
- Solar power, EV charging, landscaped grounds, decorative lighting, and basement storage enhance efficiency and long-term tenant appeal.
- Near Rutgers University, major employers, and top retailers, the location draws a deep, educated workforce in a tight office submarket.
Executive Summary
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.
Matterport 3D Tours
Property Facts
Amenities
- 24 Hour Access
- Atrium
- Controlled Access
- Concierge
- Fitness Center
- Food Service
- Property Manager on Site
- Restaurant
- Storage Space
- Shower Facilities
- Wi-Fi
- Outdoor Seating
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
371 Hoes Lane is a reimagined and fully renovated premier office building located along the I-287 Corridor. The three-story property spans 133,608 -square-feet and boasts a glazed grey glass curtain wall, an inviting three-story open atrium with glass elevators, and basement storage. Completed renovations include new professional landscaping, the installation of decorative lighting that's visible from Route 18, updated hallways and bathrooms, and lobby upgrades with brand-new stone flooring, furniture, signage, seating options, and a receptionist desk. Additionally, enjoy new amenities such as a brand-new fitness center with men's and women's lockers, an on-site personal trainer offering fitness and wellness classes, and a full-service lounge-style café with pool tables. 371 Hoes Lane's central location makes it a convenient commuting option. Located directly off Route 18 and immediately accessible from I-287, the property is also just a 10-minute drive to the New Jersey Turnpike and Garden State Parkway. For those traveling for business, Newark Liberty International Airport is only 45 minutes away. In addition to commuting, companies relocating to 371 Hoes Lane enjoy an advantage for recruiting top talent, as Rutgers University is situated only 3.5 miles north of the property on Route 18.
| Space | Size | Space Use | Condition | Available |
| 3rd Floor | 5,987 SF | Office | Full Build-Out | Now |
3rd Floor
| Size |
| 5,987 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
3rd Floor
| Size | 5,987 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
371 Hoes Lane is a reimagined and fully renovated premier office building located along the I-287 Corridor. The three-story property spans 133,608 -square-feet and boasts a glazed grey glass curtain wall, an inviting three-story open atrium with glass elevators, and basement storage. Completed renovations include new professional landscaping, the installation of decorative lighting that's visible from Route 18, updated hallways and bathrooms, and lobby upgrades with brand-new stone flooring, furniture, signage, seating options, and a receptionist desk. Additionally, enjoy new amenities such as a brand-new fitness center with men's and women's lockers, an on-site personal trainer offering fitness and wellness classes, and a full-service lounge-style café with pool tables. 371 Hoes Lane's central location makes it a convenient commuting option. Located directly off Route 18 and immediately accessible from I-287, the property is also just a 10-minute drive to the New Jersey Turnpike and Garden State Parkway. For those traveling for business, Newark Liberty International Airport is only 45 minutes away. In addition to commuting, companies relocating to 371 Hoes Lane enjoy an advantage for recruiting top talent, as Rutgers University is situated only 3.5 miles north of the property on Route 18.
Demographics
Demographics
Property Taxes
| Parcel Number | 17-06003-0000-00013 | Improvements Assessment | $2,870,000 |
| Land Assessment | $4,460,000 | Total Assessment | $7,330,000 |
Property Taxes
Sale Advisors
Sale Advisors
Jeremy Neuer, Senior Managing Director, Investment Sales
After an 18-year leasing career, he transitioned to investment sales in 2017 to leverage his unique experience with respect to the workplace and how buildings need to change to meet the needs of modern occupiers. His success in leasing, on both the tenant and landlord side, gives him a distinct perspective to drive asset value and provide comprehensive advisory to owners and investors.
He has been involved in some of the most prolific sales in New Jersey including:
- Park Avenue at Morris County, Florham Park - $311,000,000
- Continental Plaza, Hackensack - $123,000,000
- Park 80 West, Saddle Brook - $115,500,000
- American Metro Center, Hamilton - $84,700,000
He is also considered a thought leader in the CRE Tech space and has acted as an angel investor to several well-known tech startups.
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371 Hoes Lane | 371 Hoes Ln
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