Newport Beach, Calif.-based KBS Realty Advisors announced the signing of leases totaling 29,508 square feet at the north-central New Jersey Woodbridge Corporate Plaza. This announcement covers several smaller lease renewals and extensions, as well as new contracts:
- Indian pharmaceutical company Biocon Limited renewed its 4,055-square-foot-lease
- TJX Companies and Homegoods Inc. have extended leases for a total of 8,627 square feet
- New leases totaling 9,496 square feet were signed with financial services companies Schultheis & Panettieri LLC, SD Capital Funding Corp. and McAdam LLC
The Woodbridge complex accounts for 632,000 square feet of Class A office space in Iselin, NJ. KBS first bought the six-building campus in 1996, sold it two years later and then purchased it again in 2005. The six structures are steel frame with reinforced concrete slab on metal deck and reinforced concrete foundations. KBS has maintained the buildings as highly flexible and recently updated them with new roofs and HVAC units.
Conveniently located at the intersection of Route 1 and the Garden State Parkway and less than 30 minutes away from Newark Liberty International Airport, the property also has free shuttle services between the offices and the Metro Park train station, providing tenants with easy access to New Jersey Transit and Amtrak, as well. According to Yardi Matrix data, each of the six four-story office buildings offers a 4 / 1,000-square-foot parking ratio.
Onsite amenities consist of a café, catering services, dry cleaning services, high-speed internet access, an outdoor patio and on-site management and security.
Nearby amenities include dining and shopping options, a fitness center, a golf course, a day care center and lodging.
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