BRIDGEWATER, NJ—Allstate Insurance has leased the entire 63,000 square-foot building at CenterPointe I, 1130 Route 22 East in Bridgewater, NJ. The property and casualty insurer leased the building located within CenterPointe at Bridgewater's four-building, 331,846-square-foot, Class A office park. Jones Lang LaSalle brokered the transaction for the property owner, American Real Estate Partners.
American Real Estate Partners was represented by Susan Mason, executive vice president; Robert Ryan, senior vice president; and John Buckley, senior vice president, all with JLL, who worked closely with Michael Gribbon, principal and managing executive director, American Real Estate Partners. Allstate was represented by Edward DaCosta, executive vice president, and John Morris III, first vice president, CBRE.
“CenterPointe at Bridgewater is an exceptional headquarters location that offers unparalleled value to tenants,” says Mason. “American Real Estate Partners recently completed a major capital improvement campaign at CenterPointe I that presented Allstate with a fresh new slate at the building to enhance its new design criteria, and affords the insurer a unique branding opportunity. The owner successfully repositioned the corporate park within 18 months of acquiring the property.”
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