Mid Atlantic Real Estate Journal — Commercial Office Spotlight — February 27 - March 12, 2015 — 17C

C ommercial O ffice P roperties Heller and McCaffrey of Avison Young represented KBS REIT II

KBS REIT II signs over 230,000 s/f in leases during the fourth quarter of 2014 at Park Ave. at Morris County

LORHAM PARK, NJ — KBS Real Estate Investment Trust II (KBS REIT II) announced the signing of 234,562 s/f in leases within the fourth quarter of 2014 at Park Ave. at Morris County, a six-building prop- erty strategically located near the intersection of Columbia Tpke. and Park Ave. Among the tenants are Pricewater- houseCoopers LLP and CoStar Realty Information, Inc. KBS REIT II has been up- dating the buildings and add- ing amenities at the park to enhance the tenant experience at this property in subur- ban New Jersey. Among the components is a new fitness center complete with an aero- bic studio, massage therapy room, cross fit station, ath- letic trainers and a physical therapist. Also included is a fleet of private shuttles that service local amenities and provide access to the Madison New Jersey Transit Rail Sta- tion. Tenants can access the park’s amenities and services via a new Park Ave. at Morris County mobile app. “We are very pleased with the response that our en- F EAST RUTHERFORD, NJ — JLL recently represented SHI International in three separate New Jersey transac- tions, including the sale of one office property, the acquisi- tion of another office building and the long-term lease of warehouse space. The global provider of information tech- nology products and services sold 33 Knightsbridge Rd. in Piscataway, acquired 300 Davidson Ave. in Somerset and leased 10 Knox Dr. in Piscataway. The JLL team handling all three transactions was led by Shawn Straka and Steve Fleming, senior vice presidents, and John Buckley, vice president. The JLL team worked closely with Steve Alt, vice president of operations, with SHI International. “SHI International contin- ues to experience significant growth, and these transac- tions aligned the firm’s real es- tate with its business needs,” said Straka. “SHI sold 33 Knightsbridge Road, a 153,000 s/f office building, in Piscat- away to Rutgers. n JLL completes 3 transactions for SHI Int’l. in NJ

hanced amenity base has received from the market,” said Shannon Hill, KBS se- nior VP/Market Leader. “We have worked hard to create a lifestyle-focused product and major corporations have responded with long-term commitments to the Park. The leasing activity we completed in 2014 has, in my mind, validated our tenant service approach to ownership. We are excited about the future at Park Ave. at Morris County.” Other amenities at Park Ave. at Morris County include a new conference center, an upgraded dining facility and

electric car charging stations. Jeffrey Heller and William McCaffrey of Avison Young represented KBS REIT II in these leases. Pricewater- houseCoopers LLP was rep- resented by Tim Dempsey, Nick Savage, and Greg Mau- rer-Hollaender of CBRE and CoStar Realty Information, Inc. was represented by Ray Trevisan, Kelsey Nakumura and Michael Colvin of DTZ. The fourth quarter leasing activity caps a year in which KBS REIT II completed eleven leasing transactions totaling 401,471 s/f at Park Ave. at Morris County. n

Park Ave. at Morris County

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