200 Wood Ave. South, Woodbridge, NJ. Photo Credit: Gensler
WOODBRIDGE, NJ—New York City-based SJP Properties reports it has acquired the 200 Wood Ave. South office building here and plans to undertake a significant capital program at the 270,000-square-foot Class A property.
SJP's plans for 200 Wood Ave. include all-new finishes, building systems and an amenity package with a state-of-the-art fitness center, improved conferencing facilities and dining center and collaborative indoor and outdoor areas.
Existing landscaping and hardscaping at the building's entrance and throughout the outdoor amenity areas will also be enhanced to improve the recreational green spaces. Additionally, SJP will provide its hospitality services with a concierge approach as part of its property management offering.
No financial terms of the transaction were disclosed.
"Creating a world-class office experience is more than just improving the physical property; it requires a holistic and thoughtful approach that considers every aspect of how companies need their offices to perform," stated Peter Bronsnick, EVP of SJP Properties. "Repositioning 200 Wood Avenue gives us an opportunity to leverage our core competencies in development, leasing and concierge property services to transform the tenant experience for the building's occupants and their employees."
The building is within walking distance to the Metropark Train Station, which offers NJ Transit and Amtrak Acela services. 200 Wood is also conveniently located near the cross-sections of Lincoln Highway, Middlesex Turnpike and the Garden State Parkway, with direct access to the Parkway North and South located immediately adjacent to the building's exit driveway. SJP is working with the CBRE team of Jon Meisel and Wes Moore to oversee leasing at the property.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
