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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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Industry Trends

Underwriting the Perceived Instability of Short-Term Office Leases

  • February 16, 2021
The threat of shorter office lease terms has been looming over the commercial real estate industry for several years. Companies first braced for the potential impact of new standards from the International Accounting Standards Board (IASB) recognizing all leases on the balance sheet, which took effect in January 2019. Then, the office leasing world was hit with additional challenges from COVID-19 as many companies opted to work from home and re-evaluated the role of their physical office space.
Industry Trends Insights

Envisioning the Future of the Built Environment

  • January 29, 2021
Amidst the ongoing crisis, built environments are at the front lines of change and will play a huge role in creating a more resilient world going forward. Office architects are re-envisioning the future of the workplace—where and how we work. Unfortunately, there is no crystal ball to predict exactly what the new future-oriented office will look like, but what we do know is flexibility and adaptability will be key in resilient design.
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Why Texas is becoming a commercial real estate powerhouse

  • January 21, 2021
It looks like 2021 will be another big year for Texas, a year when a lot of major companies will make the jump and move to the Lone Star state. Just look at these transitions:
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