BRIDGEWATER, NJ—P3RE has made an equity investment to become a partner in three of the five class-A office buildings that are part of Somerset Corporate Center in Bridgewater, NJ.
The partnership aligns Jackson, NJ-based P3RE with SJP Properties, owner of the complex. Under the partnership agreement, SJP will continue to manage and lease the assets – Somerset Corporate Center I, II and V – as the operating partner.
“Having fully leased all of Somerset Corporate Center earlier this year, we were strongly positioned to recapitalize, and are pleased to have found a partner in P3RE that brings a creative approach to marketing to help maintain this property's position as the business destination of choice in New Jersey,” says Steven J. Pozycki, founder and CEO of SJP Properties. “This equity investment is a testament to the superior business environment offered by Somerset Corporate Center, and the resulting success we've achieved attracting a world-class roster of tenants.”
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