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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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