Saying it has transformed the building into a next-generation office environment in a quickly changing workplace world, SJP Properties announced Monday it has completed the redevelopment of 200 Wood Ave. S. in Metropark.
The milestone was capped by the completion of global shipping leader DSV’s new U.S. headquarters at the building, encompassing a 97,000-square-foot interior buildout that was overseen by SJP’s construction management team.
“Welcoming the U.S. headquarters of DSV to 200 Wood Ave. S. is a perfect milestone marking the completion of the building’s transformation and proving that top occupiers seek out top-end assets and amenities,” Alexander Erdos, SJP’s senior vice president of leasing and marketing, said. “This deal also demonstrates the value of working with an owner that is able to serve as a true partner in creating a dynamic work environment that will draw employees back into the office.”
It’s a different office space, Erdos said.
“SJP’s vision for this building was to create a high-end experience that offers vast outdoor amenities that are actually set up to be utilized, along with state-of-the-art upgraded systems for a healthy and comfortable work environment,” he said.
DSV took occupancy of its space at 200 Wood Ave. S. — comprising the building’s entire third floor — in April. Other leasing opportunities exist, SJP officials said.
SJP acquired 200 Wood Ave. S. in early 2020 and executed a comprehensive repositioning strategy, paying homage to its postmodernist architecture with a complete interior and exterior renovation, as well as new building systems and indoor/outdoor lifestyle amenities.
The building has a new lobby, state-of-the-art fitness center, 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 hospitality and concierge services as part of its property management offering.
Additionally, for tenants seeking a private outdoor area for their employees, SJP has created a landscaped open green space at 200 Wood Ave. S. — the only space of its kind within New Jersey — that is available exclusively for a future tenant to customize into a private patio, outdoor lounge, dining area or garden conferencing space with SJP’s buildout capabilities.
The 270,000-square-foot building is within walking distance to the Metropark Train Station. It also features a resilient and efficient infrastructure, featuring a base-building UPS system, two 1,500-kilowatt power generators, a modern HVAC controls system and upgraded mechanical systems — including air filtration upgrades for improved air quality to create a healthier environment for employees.
