10B — February 14 - 27, 2020—Central New Jersey — M id A tlantic Real Estate Journal


C entral NJ

James Scancarella of Cresa represented Oracle in the lease transaction Bronsnick of SJPProperties announces 17,000 s/f lease with Oracle at Somerset Corporate Center B

space and know that they will enjoy making full use of the lifestyle, fitness and dining options we’ve curated at the campus.” Somerset Corporate Center comprises five existing class A buildings totaling 1.2 million s/f that are situated around a 15-acre landscaped central park. One of SJP’s signature developments, the mixed-use campus is in proximity to both Newark International Airport and NYC, and is situated di- rectly across from the nearly one million s/f Bridgewater Commons Mall – the second largest mall in NJ. The prop- erty’s unique configuration affords access in all directions via Rtes. 202/206 and 22, as well as I-287 and I-78, allow- ing for direct access to New Jersey’s skilled labor pool. James Scancarella of Cre- sa represented Oracle in the lease transaction, while SJP was represented by Bronsnick and SJP Development Analyst Laura Paridy .  Denholtz Props. appoints Brown to serve as COO Red Bank, NJ — Den- holtz Properties announced the hiring of Greg Brown as COO. In addition to Brown, Denholtz Properties has fur- ther bolstered its executive team with the promotion of long-time employee Janet Kouvaras to the role of senior vice president of finance. Bringing over 20 years of experience to Denholtz Prop- erties, Brown is a seasoned industry professional who has been active in all facets of the industry. Kouvaras has been integral in Denholtz Properties’ sig- nificant growth over her 18 years with the company. In Kouvaras’ new role as senior vice president of finance, she will leverage her deep understanding of financial planning to lead Denholtz Properties’ accounting and finance teams, as well as over- see the financial operations of the firm. “We are pleased to bring a seasoned veteran like Greg aboard as we are certain that he will add tremendous value to our organization as we position ourselves for contin- ued expansion,” said Steven Denholtz, CEO of Denholtz Properties. 

campus amenities and life- style services. Oracle will oc- cupy its new space in the first quarter of 2020, fromwhich its local team will provide sales, consulting, education and sup- port to regional customers. “We cultivated world-class amenity offerings at Somerset Corporate Center to create an ideal working environment for tenants on the cutting-edge of their fields,” said Peter Bronsnick , executive vice president of SJP Properties. “We look forward to welcoming Oracle’s software operations team into their custom office

ridgewater, NJ — SJP Properties an- nounced that leading enterprise IT and cloud servic- es provider Oracle has signed a long-term lease for 17,000 s/f at Somerset Corporate Cen- ter 100 in Bridgewater. SJP Project Solutions, SJP’s third- party construction manage- ment division, will oversee the build-out of the 3rd-floor office, which will house Oracle’s local executive team. Oracle is relocating its Bridgewater U.S. field office, and was drawn to Somerset Corporate Center’s robust

Somerset Corporate Center


New Exciting Location!!

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