July 24, 2020
KBS is offering for sale Woodbridge Corporate Plaza, a six-building Class A office complex at 485 U.S. Hwy. 1 in Iselin, NJ. The Newport Beach, CA-based company retained NKF’s Kevin Welsh, Brian Schulz, and Jason Emrani as its exclusive advisors and representatives for the sale of the asset.
“KBS is well-known for identifying the highest-quality properties in the epicenter of key growth markets throughout the country,” said Marc DeLuca, regional president, Eastern United States, for KBS. “The central New Jersey submarket of Metropark, with proximity to New York City, is a pivotal suburban market, and Woodbridge Corporate Plaza has proven itself to be a strong asset for our client portfolio.”
Ownership of the 629,190-square-foot business park recently completed a renovation project.
“Woodbridge Corporate Plaza is Metropark’s most actively leased property, with 458,071 square feet of leasing velocity since January 2017,” said Welsh, executive managing director, capital markets, for NKF.
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