Real Estate Journal — New Jersey — January 13 - 26, 2017 — 3B


M id A tlantic

N ew J ersey

JLL’s Mason, Ryan, and Buckley facilitate transaction American Real Estate Partners has repositioned four-building corporate park in just 18 months

RIDGEWATER, NJ — JLL recently com- pleted a new transac- tion for American Real Es- tate Partners with Allstate Insurance Co. at CenterPointe I, 1130 Rte. 22 East in Bridge- water. The property and casu- alty insurer leased the entire 63,000 s/f office building, located within CenterPointe at Bridgewater’s four-building, 331,846 s/f, class A office park. American Real Estate Part- ners was represented by Su- san Mason , executive vice president; Robert Ryan , senior vice president; and John Buckley , senior vice president, all with JLL, who worked closely with Michael Gribbon , principal and man- aging executive director, with American Real Estate Part- ners. Allstate was represented by Edward DaCosta , execu- tive vice president, and John Morris III , first vice presi- dent, with CBRE Inc. “CenterPointe at Bridgewa- ter is an exceptional headquar- ters location that offers unpar- alleled value to tenants,” said Mason. “American Real Estate Partners recently completed a major capital improvement campaign at CenterPointe I that presented Allstate with a fresh new slate at the building B BurlingtonCounty TRENTON, NJ — For the second consecutive year, New Jersey Economic Devel- opment Authority (EDA) CEO Melissa Orsen volun- teered with Habitat for Hu- manity of Burlington County to work on a new home for a family in need as part of the Christie Administration’s sixth annual “Season of Ser- vice.” Orsen worked along- side EDA president and COO Tim Lizur a, and senior VPs Fred Cole, Lori Matheus , and Maureen Hassett , put- ting the finishing touches on a four-bedroom home in Beverly. The day’s activities in- cluded installing flooring, plumbing, woodworking, and general clean-up. Habitat for Humanity of Burlington County will market the home to identify an eligible family in need to acquire the home through its unique low inter- est home buying program. n EDA returns to Habitat For Humanity of

to enhance its new design cri- teria, and affords the insurer a unique branding opportunity. The owner successfully repo- sitioned the corporate park within 18 months of acquiring the property.” “I am delighted by the leas- ing success we have enjoyed, especially with the addition of Allstate to our family of tenants,” said Gribbon. “I believe our ability to attract Allstate to CenterPointe at Bridgewater speaks to the assets’ position in the market as well-managed, high-quality properties that offer great eco- nomic value to our tenants.” n

CenterPointe I

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