Newmark Grubb Knight Frank (NGKF) recently arranged seven new and renewed leases for more than 38,000 square feet at Woodbridge Corporate Plaza, 485 Route 1 South, in Iselin, N.J.
David Simson, vice chairman of NGKF New Jersey operations, Jamie Drummond, Michael Staskiewicz and Michael Marchese, all of the real estate services firm’s Rutherford, N.J. office, represent the building’s ownership, KBS Realty Advisors.
The new leases:
- GFI Group signed for 10,500 square feet. The tenant was represented by CBRE.
- ReSearch Pharmaceutical Services, Inc. signed for15,715 square feet. Newmark Smith Mack represented the tenant.
- Stern & Eisenberg PCsigned for 2,477 square feet. NGKF represented the tenant.
The renewals by four tenants:
- BioCon Limited extended its lease of 2,000 square feet. The tenant was represented by the Garibaldi Group.
- SOA Software, Inc. renewed for 2,100 square feet.
- Indegene Pharmaceutical Solutions renewed for 4,055 square feet.
- Swift Solutions, Inc. renewed for 1,208 square feet.
“Woodbridge Corporate Plaza is located in one of the region’s prime office submarkets, and we see continued lively interest in its availabilities,” said Drummond. The six-building campus is situated a half-mile from the Metropark Train Station and 15 minutes from Newark Liberty International Airport, not far from the intersection of three interstate highways.
Major tenants include Maidenform and Geodis Wilson USA, which both have headquarters at the complex; also, BNP Paribas, Bank of Tokyo, Progressive Insurance and TJX Companies (parent of TJ Maxx).
KBS Realty Advisors is a private equity real estate company and SEC-registered investment advisor founded in 1992 by Peter Bren and Chuck Schreiber. Since 1992, KBS Realty Advisors and its affiliated companies have completed transactional activity of more than $22.3 billion via 14 separate accounts, six commingled funds, five sovereign wealth funds and five non-traded REITs. For information, visit www.kbsrealty.com.
About Newmark Grubb Knight Frank
A part of BGC Partners, Inc. (NASDAQ:BGCP), Newmark Grubb Knight Frank is one of the largest commercial real estate service firms in the U.S. It brings together the strategic consultative approach to creating value for clients and leading position in the New York market that are hallmarks of Newmark; the complementary strengths of Grubb & Ellis in leasing and management, investment sales, valuation and capital markets services; and BGC’s financial strength, proprietary technology, expertise in global capital markets and deep relationships with many of the world’s leading financial institutions.
Newmark Grubb Knight Frank and its London-based partner Knight Frank together operate from more than 300 offices in established and emerging property markets on five continents. This major force in real estate is meeting the local and global needs of tenants, owners, investors and developers worldwide.