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.