KBS Realty Advisors of Newport Beach, California announced today the signing of five leases totaling 43,494 square feet at Woodbridge Corporate Plaza, a Class A, six building property in Iselin. H & M International, a logistics services company, and Auto Injury Solutions, Inc. extended their leases. Middlesex Water Company, the Office of Engineering and Construction Inspection Services, Inc. and Bulkhaul U.S.A., Inc. signed new leases.
Woodbridge Corporate Plaza is a campus of six office buildings located at the intersection of Route 1 and the Garden State Parkway. The property is less than a mile from the Metro Park train station, providing 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 Woodbridge Corporate Plaza. Onsite amenities at the property include a café, catering services, an outdoor patio, on-site management and an ATM.
The property is currently undergoing renovations, and planned improvements to all six buildings include updated lobby and common areas, a new fitness center and restrooms, and modernized entrances and signage package (interior and building monument signs). All six buildings recently received a new roof and HVAC units.
“We believe that Woodbridge Corporate Plaza’s prime location along major highways and proximity to the Metro Park station makes it an attractive offering for companies looking to provide their employees an easily accessible office space,” said Stephen Close, senior vice president at KBS and asset manager for the property. “We look forward to welcoming our three new tenants and continuing our relationship with current tenants who have chosen to extend their time at Woodbridge Corporate Plaza.”
Jamie Drummond, senior managing director at Newmark Grubb Knight Frank represented KBS on all transactions.
About KBS
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 $32.5 billion via 14 separate accounts, six commingled funds, five sovereign wealth funds and seven non-traded REITs. For information, visit www.kbs.com.
