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Press Releases

KBS Realty Advisors Signs Over 84,000 Square Feet in Leases at Woodbridge Corporate Plaza in New Jersey

  • January 3, 2018
Press Releases

KBS Realty Advisors Signs Over 84,000 Square Feet in Leases at Woodbridge Corporate Plaza in New Jersey

  • January 3, 2018
ISELIN, N.J. (Jan. 3, 2018) – KBS Realty Advisors of Newport Beach, California announced today the signing of six leases totaling 84,404 square feet at Woodbridge Corporate Plaza, a Class A, six-building property in Iselin.

US LBM, a leading distributor of building materials, Susheela Verma, a law firm specializing in business and personal law, a leading recycling firm and Top Shelf Electric, a premier electrical and telecommunications contracting firm signed new leases. Middlesex Water Company, a full-service water and wastewater provider, expanded their space, while a major insurance provider renewed and expanded their lease at the property.

Woodbridge Corporate Plaza, with over 632,000 square feet of rentable space, is a campus of six office buildings located at the intersection of Route 1 and the Garden State Parkway. The property recently underwent major renovations including the addition of upgraded lobbies, new restrooms and public corridors, modernized front and rear entrances, new interior and exterior signage and a new fitness center with over 6,000 square feet of space. Construction is also underway for an upgraded cafeteria. The property offers tenants outdoor seating areas, onsite management, vending machines in each building and an ATM.

Located less than a mile from the Metro Park train station, Woodbridge Corporate Plaza provides tenants with easy access to New Jersey Transit and Amtrak via a free shuttle that operates between the station and the property. Newark Airport is also approximately 15 minutes from the property. Tenants can also easily access nearby Woodbridge Center Mall and Menlo Park Mall, which includes numerous hotels, retail and dining options, such as T.G.I. Friday’s, The Cheesecake Factory and Benihana’s, among others.

“We believe that Woodbridge Corporate Plaza’s prime location along major highways and in close proximity to the Metro Park station makes the property desirable to existing and potential tenants who have employees commuting,” said Stephen Close, senior vice president at KBS. “We are nearing the completion of numerous renovations at the property, which we believe will further enhance tenants’ experience at the property.”

Matthew Saker of CBRE represented US LBM, and Jordan Zimmell of Zimmell Associates represented Susheela Verma. Jamie Drummond of NKF represented Middlesex Water Company, and LL, Nicholas Hilton of CBRE represented a leading recycling company. Chris Hanenberg of Savillis Studley represented Top Shelf Electric, and Bryn Cinque of Colliers International represented a major insurer. Jamie Drummond and Andrew Perrotti of Newmark Knight Frank represented KBS in the respective 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.
Industry Trends

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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