Colliers completes sale of vacant office building to end-user in Bridgewater, NJ

Sale of CenterPointe I highlights strong owner-user demand in NJ’s suburban office market

Bridgewater, NJ — Colliers has completed the sale of CenterPointe I, a 66,500 s/f vacant office property located at 1130 Rte. 22 E. Bridgewater, NJ. Colliers team of vice chair Jacklene Chesler, vice president Patrick Norris, and transaction manager Brittany Leventoff arranged the sale and represented the seller, Signature Acquisitions.

Situated in the Rte. 22 West Office Market, the property benefits from highway visibility, prime signage opportunities, and convenient access to key New Jersey markets. Previously occupied by Allstate Insurance Company, the building sits within a thriving corporate corridor home to major Fortune 500 companies such as Sanofi, Johnson & Johnson, and MetLife. The area’s connectivity, workforce access, and established business environment make it a compelling destination for high-profile tenancy.

“To navigate today’s shifting office market, many New Jersey companies are taking control of their real estate future—driving a surge in owner-user acquisitions. As institutional investors pull back and property values soften, businesses are stepping in to secure long-term control and cost stability,” said Chesler. “CenterPointe I’s visibility, accessibility, and modern configuration made it a standout opportunity in one of the state’s most active corporate corridors.”

Through a targeted marketing campaign and broad regional reach, Colliers drove strong exposure and engagement from qualified owner-user buyers. Colliers’ investment sales team arranged several recent transactions for office users, including 1 Jefferson Rd. in Parsippany and 80 Cottontail Ln. in Somerset, among other properties.

Additionally, Colliers has arranged the sale of One Jefferson Rd., a 100,000 s/f vacant class A office building in Parsippany. Colliers represented the seller, Signature Acquisitions, and procured the buyer, an end-user. The deal was facilitated by a Colliers team led by Chesler, Norris and director Matthew Cohen.

Constructed in 2009, the property has historically served as home to a blue-chip national law firm. At the time of sale, the property was delivered vacant. The building is situated on 8.49 acres and boasts a marble lobby, a full-service cafeteria, and a conference center, complemented by over 391 parking spaces for tenants and visitors. Located at the crossroads of I-80, I-287, and US-46, the building offers unmatched accessibility to New York City, Newark Liberty International Airport.