CBRE today announced it has been retained as the exclusive leasing agency for a newly renovated, 138,000 sq. ft. office property at 371 Hoes Lanein Piscataway, New Jersey. One of the only truly Class A office buildings in the submarket,371 Hoes Lane is owned by Greenway Properties and offers a unique 50,000 sf. ft. availability with signage opportunity for the full-floor leasing commitment.Smaller units are also available.
The CBRE team ofRonald Volk,Peter Shikar and Erin Wenzlerwill spearhead the targeted leasing campaign on behalf of Greenway Properties.
“Greenway Properties has made a significant investment in fully upgrading 371 Hoes Lane, making the property one of the best Class A office buildings in Piscataway,” said Mr. Volk. “We look forward to working closely with our client and the brokerage community to find the ideal tenant for this unique opportunity.”
Built in 1989 and located on Route 18 in the heart of Piscataway, 371 Hoes Lane has undergone a major transformation thanks to $3 million in extensive capitalimprovementscompleted this year. Upgrades to the property includethe renovation of the three-story lobby and atriumwith new glassentrances and reception desk, a repaved parking lot andextensive landscaping.An on-sitecafé operated by Cosi and a state-of-the-art fitness center with men’s and women’s locker rooms have also been added.The building also offers a generator for life-safety and tenant backup.
In addition to the capital improvements, ownership is instituting new cleaning protocols in response to COVID-19 and new tenant amenity programs.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2019 revenue). The company has more than 100,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 530 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
