Real Estate Journal — October 27 - November 9, 2017 — 5A
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Features a conference facility, fitness centers and cafes SJP Properties recapitalizes Somerset Corporate Center in Bridgewater, NJ with P3RE
RIDGEWATER, NJ — SJP Properties announced that P3RE has made an equity invest- ment to become a partner in three of the five class A office buildings comprising Somerset Corporate Center in Bridgewater. The partnership aligns P3RE, a Jackson based real estate company that has quickly positioned itself as a significant player in the New Jersey commercial real estate B Long & Fo s t e r names Glass manager of the commercial division VIENNA, VA — Ron Glass has been named branch man- ager for Long & Foster Real Estate’s Commercial Divi- sion office in Vienna. Glass has been a top-producing commercial real estate agent with Long & Foster for many years and brings a wealth of experience to his new position. Glass has been a licensed real estate broker in Virginia since 1978, and also holds real estate licenses in Maryland, Washing- ton, DC, and North Carolina. He has extensive experience in retail and office leasing and sales, cash flow, bottom-line analysis and investor opportu- nities. Glass is a member of The Commercial Network , also known as TCN Worldwide, and he is also a member of Virginia Realtors and the Greater Washington Commercial As- sociation of Realtors . “I’m thrilled to officially begin this new role with the Commer- cial Division of Long & Foster,” Glass said. “Having worked alongside the fantastic agents in this office for many years, I know they are a talented, driven group of individuals who are passionate about their work. I look forward to working with more agents as they grow their careers.” “We’re excited that Ron is taking on this leadership role with our commercial division office and we know his experi- ence and knowledge will be very beneficial to our sales as- sociates,” said Larry “Boom- er” Foster , president of Long & Foster Real Estate. “His love of real estate, commitment to the industry and high level of expertise will serve himwell in helping Long & Foster’s Com- mercial Division continue to grow throughout the region.” n
the superior business envi- ronment offered by Somerset Corporate Center, and the re- sulting success we’ve achieved attracting a world-class roster of tenants.” “While the recapitalization of Somerset Corporate Cam- pus was a great economic opportunity, the ability to learn from and work closely with such an exceptional or- ganization that Steve Pozycki has built, is invaluable,” said Rosenblatt. “I look forward to further developing our rela- tionship with SJP Properties for many years to come.” n
continue to manage and lease the assets – Somerset Corpo- rate Center I, II and V – as the operating partner. “Having fully leased all of Somerset Corporate Center earlier this year, we were strongly positioned to recapi- talize, and are pleased to have found a partner in P3RE that brings a creative approach to marketing to help maintain this property’s position as the business destination of choice in New Jersey,” said Steven Pozycki , founder and CEO of SJP Properties. “This equity investment is a testament to
Somerset Corporate Center
market, with the established market leadership of SJP
Properties. Under the part- nership agreement, SJP will
Delivering the deal.
Understandingwhat’s important.
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