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.
KBS Realty Advisors is a private equity real estate company and SEC-registered investment advisor founded in 1992. KBS Realty Advisors and its affiliated companies have completed transactional activity of over $33 billion via 15 separate accounts, six commingled funds, five sovereign wealth funds and seven non-traded REITs. For information, visit www.kbs.com.
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.