Bridgewater, NJ — SJP Properties announced that Qualcomm Inc. has renewed its lease for 125,472 s/f at Somerset Corporate Center V, a class A office building situated within SJP’s master-planned Somerset Corporate Center business complex in Bridgewater. Qualcomm, which develops wireless technologies and mobile data solutions, first relocated to Somerset Corporate Center in 2007. The company represented itself in its recent lease renewal, while SJP Properties was represented in-house. The deal comes on the heels of SJP’s announcement earlier this month that data solutions firm iconectiv had signed a new lease for 115,000 s/f at Somerset Corporate Center I.
“Qualcomm’s decision to recommit for the long-term at Somerset Corporate Center is further validation of this property’s ability to meet the advanced infrastructure needs of leading technology companies,” said Steven Pozycki, founder and CEO of SJP Properties. “In fact, Qualcomm has been using Somerset Corporate Center to test its various cell phone technologies, underscoring the superior environment we have created here.” Located within one of the country’s strongest labor pools, Somerset Corporate Center comprises five existing class A buildings totaling 1.5 million s/f that are situated around a 15-acre landscaped central park. SJP Properties is also planning a free-standing, full-service fitness facility, as well as a 130-room full-service hotel and restaurant within the center. In addition to Qualcomm and iconectiv, a number of leading-edge global companies call Somerset Corporate Center home, including Linde Americas, Mazda, Kering Eyewear, Allergan, Cognizant Technologies, Aon Hewitt and Merrill Lynch. One of SJP’s signature developments, Somerset Corporate Center is in proximity to both Newark International Airport and New York City.