Kering Eyewear Establishes New Jersey Headquarters at SJP Properties’ Somerset Corporate Center II In Bridgewater

Parsippany, N.J. – SJP Properties today announced that Kering Eyewear has signed a lease to establish its first New Jersey office at Somerset Corporate Center II, a Class A office building situated within SJP’s master-planned Somerset Corporate Center complex in Bridgewater, NJ.

Kering Eyewear, which designs, markets, produces and distributes luxury and high-end eyewear for such brands as Gucci, Sergio Rossi and Puma, will take 8,000 square feet at Somerset Corporate Center II for its New Jersey headquarters. The transaction comes on the heels of SJP’s announcement that Valeant Pharmaceuticals has signed a lease to double the size of its office space at Somerset Corporate Center – from 310,000 square feet to 620,000 square feet – in one of the largest office leases to have been completed in the past decade in New Jersey.

Cushman & Wakefield Executive Vice President Marc Trevisan and Director Slava Vaynberg represented Kering Eyewear in its lease, while SJP Properties was represented in-house by Senior Vice President Peter Bronsnick.

“In establishing a New Jersey headquarters, Kering Eyewear was seeking an office address that would provide a high-performance, world-class environment reflective of the company’s identity as a global luxury brand,” stated Steven J. Pozycki, Founder and CEO of SJP Properties. “As one of the state’s leading business centers, Somerset Corporate Center offers the state-of-the-art infrastructure needed to support Kering Eyewear’s local sales and administrative operations as the company continues to expand its presence.”

Located within one of the country’s strongest labor pools for the pharmaceutical and technology sectors, Somerset Corporate Center comprises five existing Class A buildings totaling 1.5 million square feet that are situated around a 15-acre landscaped central park. SJP Properties is currently marketing a development site within the center for a build-to-suit office building or mixed-use property.

A number of leading-edge global companies call Somerset Corporate Center home, including Valeant Pharmaceuticals, Qualcomm, Actavis, 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, and is situated directly across from the nearly one million-square-foot Bridgewater Commons Mall – the second largest mall in New Jersey. The property’s unique configuration affords access in all directions via Routes 202/206 and 22, as well as Interstates 287 and 78. Additionally, the center offers access to public transportation, including NJ TRANSIT service via a shuttle to the Somerville train station just four miles from the property, and features a state-of-the-art conference facility, as well as fitness centers and cafes in each of its buildings.

About SJP Properties

SJP Properties is a vertically integrated commercial and residential real estate developer, investor, asset manager, construction manager and property manager. The expertise of the company’s core in-house team of professionals encompasses the entire development process, from site selection through coordination of tenant move-in for large multi-phase office complexes as well as for individual tenant build-out projects. The company is a recognized leader in the development of build-to-suit office and mixed-use developments on behalf of a long-list of leading corporations, including Panasonic Corporation of North America, Prudential, BMW, Sanofi, Tiffany’s, Ingersoll Rand and Bayer. The company’s leadership has established relationships with many of the industry’s leading investors and financial institutions, providing unparalleled access to capital.

For 30 years, SJP has sustained an unblemished track record of success, having completed every project on time and within budget. For more information, please call 212-335-2200 or visit www.sjpproperties.com.