Newmark said Aug. 11 that it was retained as the exclusive broker for Woodbridge Corporate Plaza by new owners, Northeast Capital Group (NECG).
The 630,000 square-foot office campus is currently around 90% leased and can accommodate office requirements ranging from 2,500 to 20,000 square feet. Newmark’s Senior Managing Director Jamie Drummond and Associate Director Andrew Perrotti are exclusively leasing the asset on behalf of ownership.
The six-building office complex was recently acquired by New York-based private equity investment group NECG from KBS and provides a corporate campus environment for tenants.
Newmark’s Tri-State Capital Markets team helped facilitate the sale transaction on behalf of KBS. Under NECG’s experienced and professional stewardship, the firm plans to continue capital improvements at the property to include a new conference/training facility and tenant lounge.
“Woodbridge Corporate Plaza is a top-of-line choice for office users looking for both an economic and well-located choice in which to expand their business,” said Drummond. “We believe that the asset’s Metro Park location along with ownership’s commitment to the continued property upgrades will make this an obvious choice for employers looking to return to the office.”
Woodbridge Corporate Plaza features modern lobbies, restrooms, directories, building entrance doors and upgraded areas with new flooring, wall coverings and lighting. The asset also offers new signage opportunities for tenants, including new exterior monument signs, an electronic lobby directory and suite signage.
Tenant amenities include a new 6,000-square-foot fitness center, a full-service café, on-site management, day porter, security and engineer. Woodbridge Corporate Plaza offers shuttle service to and from the Metro Park transit hub at no cost to tenants.
“The acquisition of Woodbridge Corporate Plaza is a welcome addition to our stellar portfolio of assets,” said Joel Kiss of NECG. “The property’s location and access are impeccable, and we look forward to adding to the property’s historic success of being well-leased with a diverse tenant base as we take the helm and continue the physical improvements to attract best-in-class tenants to the campus.”