SJP Properties Acquires 200 Wood Avenue South in Woodbridge, NJ
SJP to apply vertically integrated asset, property, leasing and construction management expertise to reposition Metropark transit office location
Woodbridge, N.J. – SJP Properties announced today that it has acquired 200 Wood Avenue South, a 270,000-square-foot, Class A office building in Woodbridge, NJ. Leveraging the strength of its vertically integrated platform, SJP will apply its expertise in asset, property, leasing and construction management to modernize the property for today’s tenant requirements.
“We continue to study the New Jersey market and are strategically expanding our portfolio in prime locations that benefit from the ongoing migration of companies to areas that offer superior access to labor and transit,” stated Steven J. Pozycki, CEO of SJP Properties. “We look forward to maximizing the value of this opportunistic acquisition.”
SJP’s plans for 200 Wood Avenue include all-new finishes, building systems and an amenity package with a state-of-the-art fitness center, improved conferencing facilities and dining center, and collaborative indoor and outdoor areas.
Existing landscaping and hardscaping at the building’s entrance and throughout the outdoor amenity areas will also be enhanced to improve the recreational green spaces. Additionally, SJP will provide its hospitality services with a concierge approach as part of its property management offering.
“Creating a world-class office experience is more than just improving the physical property; it requires a holistic and thoughtful approach that considers every aspect of how companies need their offices to perform,” stated Peter Bronsnick, Executive Vice President of SJP Properties. “Repositioning 200 Wood Avenue gives us an opportunity to leverage our core competencies in development, leasing and concierge property services to transform the tenant experience for the building’s occupants and their employees.”
200 Wood Avenue South offers the ability to attract and retain New Jersey’s top talent where the labor markets converge. The building is within walking distance to the Metropark Train Station, which offers NJ Transit and Amtrak Acela services. 200 Wood is also conveniently located near the cross-sections of Lincoln Highway, Middlesex Turnpike and the Garden State Parkway, with direct access to the Parkway North and South located immediately adjacent to the building’s exit driveway. SJP is working with the CBRE team of Jon Meisel and Wes Moore to oversee leasing at the property.
About SJP Properties
Headquartered in New York City, SJP Properties is a vertically integrated commercial and residential real estate owner, 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 projects, including numerous Class A build-to-suit developments and individual tenant build-outs. Well known for the creation of unparalleled lifestyle-focused developments, SJP is committed to meticulous design and engineering development plans that reflect a keen understanding of market demand. The company has developed over 25 million square feet of properties.
Having sustained an unblemished track record of success, SJP has established relationships with many of the industry’s leading investors and financial institutions, providing unparalleled access to capital. For more information, call 212-335-2200 or visit www.sjpproperties.com.
