Mixed-Use Development with
For Lease
Contact for pricing
400 Parsons Pond Dr, Franklin Lakes, NJ 07417
Planned mixed-use community combines luxury residences with Class-A retail for an integrated live-work tenant environment.
Space Size71,000 SF
Lot Size96.00 Acres
Days on Market57
Property Features for 400 Parsons Pond Dr
General Information
Standard status
Active
Size
71,000 SF
Class
A
Lot size
96.00 Acres
Property subtype
Retail
Additional Details
Multifamily Units
570
Building Details
Building Size
71,000 SF
Tenancy
Single
Spaces For Lease
at 400 Parsons Pond Dr Contact us- Size
- 71,000 SF
- Type
- Retail
- Availability
- Active
Space Available
Listing Agency:
Silbert Realty & Management Company, Inc
(908) 604-6900
Listed By:
Brian S Silbert · License #NJ 8330532
Source:
Crexi
Added: Jun 16
Changed: Aug 8
Last Checked: Aug 10 at 7:06AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Silbert Realty & Management Company, Inc
Investment Insights
Based on property information with market context.
400 Parsons Pond Drive is the former Cigna Headquarters, acquired by SHG Franklin Lakes for mixed-use development. The overall project is planned across 96 acres and is intended to include 320 luxury townhomes and 250 luxury apartments, along with 71,000 SF of Class-A retail.
The property’s mixed-use plan brings residential and retail components into a single development, supporting tenants that benefit from an on-site customer base. As currently described, the offering is centered on developing the retail component as part of the larger Franklin Lakes project.
For operators seeking a residentially driven retail setting, the planned Class-A retail footprint is positioned to serve the community created by the townhomes and apartment homes. Prospective tenants and brokers can evaluate the available retail opportunities within the larger development plan at 400 Parsons Pond Drive, including how the retail component will complement the planned residential mix.
The property’s mixed-use plan brings residential and retail components into a single development, supporting tenants that benefit from an on-site customer base. As currently described, the offering is centered on developing the retail component as part of the larger Franklin Lakes project.
For operators seeking a residentially driven retail setting, the planned Class-A retail footprint is positioned to serve the community created by the townhomes and apartment homes. Prospective tenants and brokers can evaluate the available retail opportunities within the larger development plan at 400 Parsons Pond Drive, including how the retail component will complement the planned residential mix.
Key Highlights
- Former Cigna Headquarters at 400 Parsons Pond Drive, acquired by SHG Franklin Lakes for mixed‑use development
- Planned 96‑acre development
- Includes 320 luxury townhomes
Property Analytics
Property Profile
Current Use
Lease Details
570
Residential units
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
197
Businesses Nearby
Explore this area
Business Placement
Demographics for 07417, NJ
11,086
Population
3,886
Households
2.9
Avg Household Size
46
Median Age
79%
College-Educated
98%
High-School Grad
9.4 sq mi
ZIP Area
1,179
Density / Sq Mi
$231,184
Median Household Income
$93,777
Median Earnings
$3,328
Median Rent
$1,218,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Planned mixed-use community combines luxury residences with Class-A retail for an integrated live-work tenant environment.
Where is this mixed-use property located?
The property is located at 400 Parsons Pond Dr Franklin Lakes, NJ.
What are key features of this property?
This property features: Former Cigna Headquarters at 400 Parsons Pond Drive, acquired by SHG Franklin Lakes for mixed‑use development; Planned 96‑acre development; Includes 320 luxury townhomes
