Newmark has arranged over 65,350 square feet of office lease transactions at The Offices at Bedminster, a two-building Class A campus at 500 and 550 Hills Drive in Bedminster, New Jersey. The recent activity brings 500 Hills Drive to 100% occupancy.
The recent transactions include a new, 24,000-square-foot lease to NJ Property–Liability Insurance Guaranty Association at 550 Hills Drive; an expansion by Alembic Pharmaceuticals to 14,600 square feet at 550 Hills Drive; an extension and expansion by Tech Mahindra to 14,000 square feet at 500 Hills Drive and Wells Fargo’s extension its 10,100-square-foot lease at 550 Hills Drive.
Executive Managing Director Jamie Drummond and Associate Luke Reid serve as the exclusive leasing agents at the property and represented ownership, Northeast Capital Group, in the lease negotiations.
“The sustained demand from new tenants and existing occupiers expanding and extending their commitments reflects the quality of the campus and Northeast Capital Group’s stewardship,” said Drummond. “The activity speaks to the enduring appeal of a well-located, well-managed office environment.”
The Offices at Bedminster comprises approximately 200,000 square feet across two three-story buildings. Amenities include a tenant lounge, meeting and conference facilities, a fitness center, on-site property management and covered executive parking.
Located near the intersection of Interstates 78 and 287, the campus offers access to Routes 202 and 206.
