CBRE to serve as leasing agent for 125K sq. ft. Somerset office building

The new ownership of a Somerset office building has chosen CBRE as the exclusive leasing agent for the property, the real estate firm said this week.

Golden Gate Management acquired the four-story, 125,037-square-foot Class A property at 399 Campus Drive — the former Liberty Mutual headquarters — earlier this year. It has since conducted a capital improvement campaign to meet the needs of corporate users, including new HVAC systems.

CBRE’s Peter Shikar and Patricia Riedel will lead the leasing campaign, CBRE said.

“We are thrilled to be working closely with Golden Gate Management in introducing this high-caliber office asset to the market,” Shikar, a first vice president, said in a prepared statement. “With ownership’s commitment to improving the property, we’re confident we will be able to lease the remaining space, despite these challenging times right now facing our industry.”

Golden Gate is a private-equity firm based in New York City.