SJP Properties Signs Office Lease Extension With Qualcomm for 95,579 SF at Somerset Corporate Center V
Technology provider renews lease at strategically located Bridgewater campus
Bridgewater, N.J. — SJP Properties announced today that Qualcomm, a leading innovator of advanced wireless technologies and mobile data solutions, has signed an agreement to extend its office lease at Somerset Corporate Center V, committing to 95,579 square feet at the best-in-class corporate campus in Bridgewater, N.J.
Qualcomm, which has been a tenant of Somerset Corporate Center since 2007, was initially drawn to the campus for the unmatched quality of its buildings and sophisticated technological infrastructure. Over the years, SJP has reinvested extensively in Somerset Corporate Center, integrating a robust lifestyle amenities program that has transformed the campus into a work/play/stay destination to help tenants like Qualcomm continue to attract top talent. This reinvestment includes the introduction of a 170,000-square-foot Life Time athletic facility, offering a world-class health club experience; a 31,000-square-foot Life Time Work, the brand’s coworking concept; a soon-to-be-open Tommy’s Tavern + Tap restaurant; and a 150-room AC Hotel by Marriott that features The Bradford, a rooftop bar, restaurant and lounge providing exceptional views of the campus and surrounding landscape. Additionally, the campus is situated directly across from the nearly one million-square-foot Bridgewater Commons Mall – offering over 100 shops, specialty stores, and restaurant options, as well as outdoor plazas, for Somerset Corporate Center’s tenants to enjoy.
“For more than a decade, Somerset Corporate Center has been able to exceed Qualcomm’s stringent facilities requirements, and to this day the complex remains one of the most desirable corporate campuses in the state by virtue of SJP’s commitment to continuously elevate the work-life experience for tenants,” said Alexander Erdos, Senior Vice President – Leasing & Marketing, at SJP Properties. “No other campus in Central New Jersey offers the unmatched lifestyle programming, headquarters-quality workspace and five-star concierge property management that Somerset Corporate Center affords. It’s this unique combination that has been integral to keeping discriminating tenants happy and committed to the campus.”
Widely regarded as the premier corporate headquarters location in Central New Jersey, Somerset Corporate Center is home to numerous leading-edge companies that benefit from its state-of-the-art work environment. In addition to Qualcomm, these tenants include Oracle, Capgemini, Cognizant, iconectiv, Merrill Lynch, Messer, Juniper Networks, Life Time Work, Bausch Health, and Kering Eyewear.
The campus comprises five existing Class A buildings, totaling 1.2 million square feet, that are situated around a landscaped central park, affording a unique configuration that enables access in all directions via Routes 202/206 and 22, as well as Interstates 287 and 78. Additionally, Somerset Corporate Center is in proximity to both Newark International Airport and New York City, and offers access to public transportation, including NJ TRANSIT service via a shuttle to the Somerville train station just two miles from the property. The campus features common amenities available to all tenants including state-of-the-art conferencing and fitness facilities.
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.
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.
