www.marejournal.com S hopping C enters N ew J ersey S potlight C entral Law Firm Norris McLaughlin & Marcus Relocates within Central New Jersey Cushman & Wakefield completes 61,642 s/f, 13-year office lease B M id A tlantic
Real Estate Journal — New Jersey — May 13 - 26, 2016 —5B
changing modern practice of law. While only a couple of miles away from our existing office, the new location will be more convenient for our clients and employees." Located in Central New Jersey’s Somerset County, 400 Crossing Boulevard is an eight-story, approximately 300,000 s/f trophy-quality office building. Constructed in 2002, it is situated just off I-287, with close proximity to U.S. Route 22 and other highways, and adjoins a hotel and Bridgewater Commons Mall. On-site amenities in- clude a high-end, full-service cafeteria, a workout facility, a conference center, and covered parking. “This is a very strong of- fice market,” said Trevisan. “The Norris McLaughlin & Marcus lease, combined with such other recent transac- tions completed by our team as Brother International’s headquarters at 200 Crossing Boulevard, are clear indica- tions that Bridgewater is one of the hotter spots in the state right now.” n and biopharma start-up Ne- vakar, which recently leased 26,497 s/f, NJCOE is now more than 70% occupied with a roster of tenants that includes Ashland, Amneal Pharma- ceuticals, 3D Biotech, Union Med Tech, Clinical Genom- ics, GSG Scientific, Enterix, Solaris Pharma and Matinas BioPharma. Pending site plan approval, Advance plans to remove eight unused buildings this fall in order to begin con- struction on the town center, which will take roughly two years. “We’re going to take what was an insular, single-tenant corporate campus and trans- form it into a central point for gathering, innovating, living and having fun,” Cocoziello said. “It’s a project that will change the face of New Jersey, and we are excited to move forward.” n
RIDGEWATER, N.J — Commercial real es- tate services firm Cush- man & Wakefield has com- pleted a 61,642 s/f, 13-year office lease on behalf of the law firm of Norris McLaughlin & Marcus at 400 Crossing Blvd. in Bridgewater. The East Rutherford-based Cushman & Wakefield team of Robert Rudin , vice chairman-director of consulting; Marc Trevisan , executive vice president; and David DeMatteis , director, represented the tenant. The property, owned by Piedmont Office Realty Trust , was represented in the transaction by Bill McCaf- frey of Avison Young . Pied- mont acquired the property in 2006 and had previously acquired the adjacent 200 Crossing Boulevard in 2003. “With this lease, Norris McLaughlin has relocated from a nearby site,” said De- Matteis. “The firm wanted to be closer to the Bridgewater Commons Mall and other amenities, and in a better- class building. We looked at a number of buildings, but the BRIDGEWATER, NJ — After receiving Bridgewater Township’s zoning approval of major redevelopment plans for 62 of the 110 acres at the New Jersey Center of Excellence (NJCOE), Advance Realty announced that it will move forward with an unprecedent- ed project that will transform the Bridgewater site into a bustling 21st century “live- work-play” environment. Advance, in partnership with CrossHarbor Capi- tal Partners , acquired the campus in 2014 when the former owner, global phar- maceutical company Sanofi, relocated its research and development arm to the Bos- ton area. Recognizing that Sanofi was leaving behind a state-of-the-art laboratory environment in the heart of an internationally recognized life sciences corridor, Advance
400 Crossing Blvd.
firm also wanted to stay in the immediate area because that’s its home market.” “This was a unique deal,” said Rudin.“We were able to identify a high-end pharma- ceutical executive office build- out with a lease expiration several years in the future and co-terminus with the Norris lease for their one-and-a-half- floor occupancy.” “Due to the quality of the saw an opportunity to create a holistic mixed-use community that could attract the world’s brightest minds and most in- novative companies. Advance’s master plan calls for 400 luxury residences as well as numerous amenities of urban life, such as restaurants, a wellness center, a grocer, entertainment, shops and out- door recreation — all amidst the serene backdrop and roll- ing hills of Central New Jer- sey’s Somerset County. “Advance Realty and Bridge- water Township have a shared vision to create an intercon- nected community of resi- dents, workers, visitors and globally-recognized leaders in life sciences, hospitality and retail at the New Jersey Cen- ter of Excellence,” said Peter Cocoziello , Advance Realty’s founder and chief executive of- ficer. “Doing so will open new
development as well as the recent upgrades made by Pied- mont at Bridgewater Cross- ings, it is widely regarded as one of the best office complexes in the state,” said DeMatteis. “We would like to thank the Cushman & Wakefield team for their partnership in this important transaction, and Norris McLaughlin for select- ing our building,” said Brent Smith , Piedmont’s executive channels for economic growth for the State of New Jersey.” With an 800,000 s/f R&D infrastructure that’s second to none, NJCOE is ideally equipped to host research — from idea to scale-up — in the fields of chemistry, biology, analytical science, formula- tions and pharmacology. The campus features buildings certified by Good Manufactur- ing Practices, lab benches on wheels, point exhausts and gas lines that descend from the ceiling, fume hoods, and a 4.5-megawatt cogeneration plant that supplies energy and gas as well as compressed air, vacuum, steam heating and chilled water for HVAC control. A dedicated fiber optic network and redundant back- up servers provide a secure, reliable communications and IT environment. Last fall, Nestlé Health Sci-
vice president for the New York Region. "We look forward to relocat- ing to our new New Jersey offices in January 2017,” said Matthew Sorrentino, chair- man of Norris, McLaughlin & Marcus. “This new state- of-the-art space will give us ample room for growth well into the future and allow us to be well positioned to efficiently serve our clients in the ever- ence announced that it would relocate and bring more than 250 jobs to New Jersey, includ- ing personnel relocated from around the world, to a 180,000 s/f space at NJCOE. “Individuals do not want to give up the amenities, conve- niences and overall lifestyle that make urban living at- tractive,” Cocoziello said. “In Bridgewater, we’re meeting that demand by providing city- inspired living—a destination that is enjoyed not only by residents and employees, but also by citizens from surround- ing towns.” Key to Advance’s vision for NJCOE is the campus’s geo- graphic location. In the middle of the Boston-to-Washington “wealth corridor,” Bridgewater Township boasts the highest concentration of life sciences companies in New Jersey. With the additions of Nestlé
Advance Realty receives approval to develop next phase of New Jersey Center of Excellence in Bridgewater, NJ
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