SJP Properties inked a deal with industrial technology company Siemens for 65,500 square feet of office space within the amenity-rich Metropark campus in Iselin, according to a Tuesday announcement from the Parsippany-based real estate firm.
Siemens will begin occupying its new space in the third quarter of 2022.
Located at 200 Wood Ave. S., the property offers a variety of on-site lifestyle amenities and a suite of hospitality-inspired, concierge-style services as well as high-end, light-filled workspaces with access to abundant outdoor space, and a strategic location proximate to a variety of transit options in the Metropark area.
Jeff Babikian with CBRE represented Siemens, while Wes Moore of CBRE represented SJP.
With this lease at 200 Wood Ave. S., Siemens will maintain its presence in Metropark, which sits at the convergence of several key highways, train routes and local thoroughfares that provide access to labor from across the state of New Jersey. Siemens will join a national insurance carrier, international transport company DSV and globally ranked financial services company Credit Agricole — all of which have established offices at 200 Wood Ave. S. since SJP acquired the building in early 2020.
Siemens employees will be able to enjoy the building’s brand new lobby, state-of-the-art fitness center and collaborative common areas, including landscaped outdoor meeting areas, nationally recognized food operators within the on-site dining area, and ample on-site parking. SJP is also providing its signature hospitality and concierge services as part of its property management offering.
“In an environment where companies are fiercely competing for talent, 200 Wood Ave. S. is attracting growing, world-class institutional tenants that see this building as an asset in their ability to recruit and retain a top-notch workforce,” Alexander Erdos, senior vice president – leasing & marketing, at SJP Properties, stated. “Forward-thinking companies such as Siemens are a prime example of the interest we’re seeing in not just Metropark, one of the strongest and most ideally-located submarkets in New Jersey, but also in this particular property with its top-of-the-line amenities, outdoor spaces, work areas and infrastructure.”
SJP Project Solutions, SJP’s third-party construction management platform, will execute a custom interior buildout to accommodate the needs of Siemens’ multidivision workforce.
“We’re happy to work with SJP Properties to secure a lease for this office space, as Metropark has been an excellent location for our employees for more than 50 years, namely due to the site’s commuting advantages and accessibility to major highways and railways,” Michael Huber, head of Siemens Real Estate Americas, said.
Spanning 270,000 square feet, 200 Wood Ave. S. offers the ability to attract and retain New Jersey’s top talent where the labor markets converge, and is within walking distance to the Metropark Train Station, which offers New Jersey Transit and Amtrak Acela services. 200 Wood Ave. S. is also conveniently located near the cross-sections of Lincoln Highway, Middlesex Turnpike and the Garden State Parkway.
