WOODBRIDGE, NJ—In a major repositioning, the owner of 120 Wood Avenue South—also home to the Hotel Woodbridge at Metropark—will enhance the property's office space to meet the demands of the robust Iselin, NJ leasing market. Major capital improvements to common areas and amenities at the 467,575-square-foot, mixed-use asset will commence in the first quarter of 2015.
The extensive redevelopment plan inclues upgrades to the corridors, restrooms, and elevator lobbies on the office floors; improvements to the building's facade and landscaping; exterior window replacement; and repaving of the facility's parking lot.
The capital improvements come even as new and existing tenants continue to sign leases in the building. Colliers International, the exclusive leasing agent for the property, has arranged four new recent transactions, with PC AGE, Ariel Wealth Advisors, Pediatric Pharmaceuticals, and the Quasar Group all taking space. In addition, OS33, Infocom Systems, and SKG Consulting have renewed their leases, with OS33 also expanding within the building. Approximately 58,000 square feet of remaining office space is available.
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