SJP Properties Signs Linde Americas to 115,900-SF Headquarters Lease at Somerset Corporate Center II in Bridgewater

Bridgewater, N.J. – SJP Properties today announced that Linde Americas has signed a 115,900-square-foot office lease to relocate its headquarters for North and South America   to Somerset Corporate Center II, a Class A office building situated within SJP’s master-planned Somerset Corporate Center business complex in Bridgewater, NJ.

Linde is the world’s largest gases and engineering company and is relocating their Americas headquarters from New Providence. The JLL team of Vice Chairman Dan Loughlin, Executive Vice President Jim Medenbach and Senior Vice President Scott Lesh represented Linde in the transaction, while SJP Properties was represented in-house by Senior Vice President Peter Bronsnick.

“We want to provide our employees with a state-of-the-art work environment that will enable us to better serve our customers in a safe and reliable manner. The Somerset Corporate Center offers a modern and appropriately sized work environment that will meet our current and future needs,” said Pat Murphy, President of Linde Americas.

The lease with Linde follows recent transactions completed by SJP at Somerset Corporate Center with Kering Eyewear and Valeant Pharmaceuticals – the latter of which signed a lease last year to double the size of its office space at the business 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.

“Somerset Corporate Center offers companies like Linde the opportunity to establish their presence in a headquarters-quality, Class A environment that features the infrastructure and amenities they need, as well as unparalleled access to a highly skilled workforce,” stated Steven J. Pozycki, Founder and CEO of SJP Properties. “The combination of exceptional quality and a strategic location has enabled this property to consistently outperform the market.”      

Located within one of the country’s strongest labor pools, 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 also planning a free-standing, full-service fitness facility, as well as a 130-room full-service hotel and restaurant within the center.

In addition to Valeant and Kering Eyewear, a number of leading-edge global companies call Somerset Corporate Center home, including Qualcomm, Allergan, 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.