ISELIN, NJ – KBS has sold its six-building, class A office complex, Woodbridge Corporate Plaza, in Iselin, NJ for $88 million. The property was purchased by the New York-based, Northeast Capital Group.
The 629,189-square-foot office complex, located at 485 US-1, is currently 90% leased to 64 tenants.
KBS originally acquired the business park in 2005, prior to completing a multi-million dollar renovation which included adding all new corridors and restrooms, upgrading flooring and lighting, installing new entrance doors and new signage for tenants.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
