SJP Properties has inked a deal with industrial technology company Siemens for 65,500 square feet of office space at 200 Wood Ave. South at Iselin, New Jersey. The tech company will thus maintain its presence in Metropark. 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 Avenue South since SJP acquired the building in early 2020.
“In an environment where companies are fiercely competing for talent, 200 Wood Ave. South 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,” said Alexander Erdos, senior vice president of leasing and marketing, at SJP Properties. “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.”
Upon acquiring 200 Wood Ave. South, SJP executed a comprehensive strategy to reposition the property, paying homage to its postmodernist architecture with a complete interior and exterior renovation, as well as new building systems and indoor/outdoor lifestyle amenities.
SJP Project Solutions, SJP’s third-party construction management platform, will execute a custom interior build-out to accommodate the needs of Siemens’ multi-division workforce. Siemens will begin occupying its new space at 200 Wood Avenue South in the third quarter of this year. Jeff Babikian with CBRE represented Siemens, while Wes Moore of CBRE represented SJP.
