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Press Releases

KBS Realty Advisors Signs Over 29,500 Square Feet in Leases at Woodbridge Corporate Plaza in New Jersey

  • March 29, 2017
Press Releases

KBS Realty Advisors Signs Over 29,500 Square Feet in Leases at Woodbridge Corporate Plaza in New Jersey

  • March 29, 2017
ISELIN, N.J. (March 29, 2017) – KBS Realty Advisors of Newport Beach, California, announced today the signing of leases totaling 29,508 square feet at Woodbridge Corporate Plaza in Iselin. Biocon Limited, India’s largest pharmaceutical company, renewed their 4,055 square-foot lease. American apparel and home good stores, TJX Companies and Homegoods Inc., have extended their leases for a total of 8,627 square feet. Financial services companies, Schultheis & Panettieri, LLC, SD Capital Funding Corp and McAdam LLC have signed new leases at the property totaling 9,496 square feet.

Woodbridge Corporate Plaza consists of six Class A office
buildings with over 632,000 square feet of rentable space. Tenants can utilize
onsite amenities including a café, catering services, dry cleaning services, an
outdoor patio, on-site management, reserved parking and an ATM. The six
buildings have recently been updated with new roofs and HVAC units. The
property also offers tenants free shuttle services between the property and the
Metro Park train station, providing tenants easy access to New Jersey Transit
and Amtrak.

The property is conveniently located at the intersection of
Route 1 and the Garden State Parkway, and is less than 30 minutes by car to
Newark Liberty International Airport. Additionally, Woodbridge Corporate Plaza
is in close proximity to numerous dining options.

“In combination with its vast amenities, Woodbridge
Corporate Plaza’s ideal location has maintained its appeal to tenants in the
area”, said Stephen Close, senior vice president at KBS and asset manager for
the property. “We look forward to extending our relationship with Biocon
Limited, HomeGoods Inc., and TJX Companies Inc., while welcoming and supporting
our new tenants, Schultheis & Panettieri, LLC, SD Capital Funding Corp, and
McAdam LLC.”

Josh Cohen of Cushman & Wakefield represented Homegoods
Inc., Josh Cohen of Cushman & Wakefield represented TJX Companies Inc.,
Kelsey Nakamora of Cushman & Wakefield represented Schultheis &
Panettieri, LLC, Matthew Wassel of CBRE represented SD Capital Funding Corp,
Ronald Volk of CBRE represented McAdam LLC. Jamie Drummond, senior managing
director at Newmark Grubb Knight Frank represented KBS on all transactions.

This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements relating to KBS’s ability to invest in and manage a diverse portfolio, and the performance of Woodbridge Corporate Plaza and of the Iselin real estate market. These statements are subject to known and unknown risks, uncertainties and other factors which may cause KBS’s and/or Woodbridge Corporate Plaza’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

Media Contact

Ginny Walker

KBS PR Manager
949-417-6535
gwalker@kbs.com

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Designing Office Space for Inclusion and Equality

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