KBS signs over 50,000 s/f in leases at class A office plaza in Iselin

May 22, 2020

ISELIN, NJ — KBS, one of the largest investors in premier commercial real estate in the nation, announced the signing of 51,011 s/f of commercial leases at Woodbridge Corporate Plaza in Central New Jersey real estate market. The leases signed include one new long-term lease and several lease extensions and expansions.Woodbridge Corporate Plaza is a six-building class A office complex encompassing 630,000 s/f. Situated in the central New Jersey submarket of Metropark, the asset was recently renovated to include a plethora of new amenities.“Demand for well-amenitized office space in the New Jersey office market has ramped up over the last 24 months, which is why assets like Woodbridge Corporate Plaza are attracting new companies and retaining existing tenants,” said Marc DeLuca, regional president, Eastern United States, for KBS. “With the average asking rent increasing by 10.4% during that time, it’s clear that this is a market experiencing robust growth, and all signs point to a continuing upward trajectory.” READ MORE

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