Real Estate Journal — New Jersey — October 14 - 27, 2016 — 3B
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N ew J ersey
Relocation from Piscataway facilitates company’s growth SJP Properties signs iconectiv to 115,000 s/f office lease at Somerset Corporate Center I B RIDGEWATER, NJ — SJP Properties announced that ico-
s/f that are situated around a 15-acre landscaped central park. SJP Properties is also planning a free-standing, full- service fitness facility, as well as a 130-room full-service hotel and restaurant within the center. In addition to iconectiv, a number of leading-edge global companies call Somerset Cor- porate Center home, including Linde Americas, Qualcomm, Mazda, Kering Eyewear, Aller- gan, Cognizant Technologies, Aon Hewitt and Merrill Lynch. One of SJP’s signature de- velopments, Somerset Corpo- rate Center is in proximity to
both Newark International Airport and New York City, and is situated directly across from the nearly one million s/f Bridgewater Commons Mall. The property’s unique con- figuration affords access in all directions via Routes 202/206 and 22, as well as Interstates 287 and 78. Additionally, the center offers access to public transportation, including NJ TRANSIT service via a shuttle to the Somerville train sta- tion just four miles from the property, and features a state- of-the-art conference facility, as well as fitness centers and cafes in each of its buildings. n
nectiv — a leading data in- frastructure and messaging solutions company — has signed a new, 115,000 s/f office lease to relocate to Somerset Corporate Center I, a class A office building situated within SJP’s master-planned Somer- set Corporate Center business complex in Bridgewater. A wholly owned subsidiary of Ericsson, iconectiv is relo- cating from a building in Pis- cataway, NJ. JLL senior vice president Craig Eisenhardt , managing director Scott Lesh and associate Dan Spero represented iconectiv in the transaction, while SJP Proper- ties was represented in-house by senior vice president Peter Bronsnick . “Companies across the tech- nology and life sciences sectors increasingly appreciate the benefits of being situated in a high-performance building in order to attract and retain top talent,” said Steven Pozycki , founder and CEO of SJP Prop- EDA assists CAD in expansion to larger facility HACKENSACK, NJ — When CAD Signs outgrew its leased facility in 2010, the New Jersey Economic Development Authority’s (EDAs) Small Business Fund helped the company acquire an expanded space inHackensack. As a result, the commercial sign installation, maintenance and fabrication company has quadrupled its workforce and increased its customer base. Through the EDA’s Small Business Fund, the company received a $696,000 PNC Bank loan backed by a 50% EDA guarantee. The Small Business Fund offers assistance to quali- fied businesses and not-for- profit organizations through direct loans, participations or guarantees, with a fixed interest rate and an expedited approval process. “Funding from the Small Business Fund helped CAD Signs not only expand its space, but also more than quadruple its workforce from eight to 40 over the last few years,” EDA CEO Melissa Orsen said. “We encourage all businesses to explore resources available through the State to help them grow.” n
Somerset Corporate Center I
erties. “This trend has resulted in sustained momentum for us at Somerset Corporate Center, which provides the unique in- frastructure necessary to meet
the needs of a technology firm such as iconectiv.” Somerset Corporate Center comprises five existing class A buildings totaling 1.5 million
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