SJP Properties Announces 17,000-SF Lease with Oracle at Somerset Corporate Center
International cloud and software engineer to relocate Bridgewater field office to 1.2-million-SF mixed-use campus; SJP Project Solutions to manage office build-out
Bridgewater, N.J. – SJP Properties today announced that leading enterprise IT and cloud services provider Oracle has signed a long-term lease for 17,000 square feet at Somerset Corporate Center 100 in Bridgewater, New Jersey. SJP Project Solutions, SJP’s third-party construction management division, will oversee the build-out of the 3rd-floor office, which will house Oracle’s local executive team.
Oracle is a multinational corporation selling database software and technology, cloud engineered systems, and a range of enterprise software products. The company is relocating its Bridgewater U.S. field office, and was drawn to Somerset Corporate Center’s robust campus amenities and lifestyle services, which include athletic resort Life Time Athletic; the newly announced Life Time Work, the brand’s coworking concept; Zinburger Wine & Burger Bar; and a 150-room AC Hotel by Marriott. Oracle will occupy its new space in the first quarter of 2020, from which its local team will provide sales, consulting, education and support to regional customers.
“We cultivated world-class amenity offerings at Somerset Corporate Center to create an ideal working environment for tenants on the cutting-edge of their fields,” stated Peter Bronsnick, Executive Vice President of SJP Properties. “We look forward to welcoming Oracle’s software operations team into their custom office space and know that they will enjoy making full use of the lifestyle, fitness and dining options we’ve curated at the campus.”
Somerset Corporate Center comprises five existing Class A buildings totaling 1.2 million square feet that are situated around a 15-acre landscaped central park. One of SJP’s signature developments, the mixed-use campus 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, allowing for direct access to New Jersey’s skilled labor pool. Additionally, the campus offers access to public transportation, including NJ TRANSIT service via a shuttle to the Somerville train station just two 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.
James Scancarella of Cresa represented Oracle in the lease transaction, while SJP was represented by Bronsnick and SJP Development Analyst Laura Paridy.
