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Press Releases

KBS’ Woodbridge Corporate Plaza Wins a TOBY

  • June 6, 2018
Press Releases

KBS’ Woodbridge Corporate Plaza Wins a TOBY

  • June 6, 2018
ISELIN, N.J. (June 6, 2018) – KBS of Newport Beach, California is proud to announce that Building E of Woodbridge Corporate Plaza won The Outstanding Building of the Year (TOBY) Award in the Renovated Building category in the BOMA New Jersey TOBY Awards. The prestigious award is well known amongst the commercial real estate industry, and recognizes the quality in commercial buildings and management.

Woodbridge Corporate Plaza is a six-building campus located at the intersection of Route 1 and the Garden State Parkway in Iselin. Building E, a four-story, 113,013-square-foot building within the complex, has undergone significant renovations over the past few years. Renovations include elevator modernization, HVAC unit replacements, a roof replacement, lobby, restroom and corridor renovations, café upgrades and a fitness center.

Planned, future renovations include tying in the common area VAV (variable air volume) boxes and baseboard electric heating units to the BMS (building management system), and to upgrade the fire sprinkler standpipe system for future expansion.

“Building management goes far beyond renovations at a property,” said Stephen Close, senior vice president for KBS and asset manager for the property. “We work closely with our on-site partners who help to ensure tenant satisfaction, environmentally sound practices and building upkeep. It is through this partnership that we are able to provide the best home for our tenants.”

CBRE manages the property for KBS Realty Advisors.

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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