Newmark Secures More Than 20,200 SF of Leasing Activity at Class A Office Complex in Bridgewater

August 5, 2024 9:00 AM

Newmark announces it has secured 20,296 square feet of leases at CenterPointe, a four-building, 331,908-square-foot office campus located at 1130, 1140, 1150 and 1160 in Bridgewater, New Jersey. The leasing includes three transactions with new tenant ABA Centers of New Jersey and existing tenants Nisivoccia and Savin Engineers.

Newmark Vice Chairman and Chief Operating Officer for New Jersey David Simson and Managing Director Daniel Reider serve as the exclusive leasing agents on behalf of ownership, Signature Acquisitions, at the property alongside Deluccia Commercial Group's Tim Deluccia.

"The CenterPointe campus offers multiple unique opportunities for tenants to establish a presence in a modern, well-balanced suburban market," said Reider. "We are proud to be part of a project with offerings ranging from a fully vacant building available for lease or purchase to premium spaces within one of the multi-tenanted buildings."

A breakdown of the lease transactions include:

• ABA Centers of New Jersey - a provider of individualized Applied Behavior Analysis therapy to those with Autism Spectrum Disorder ("ASD") - signed a new 11,966-square-foot lease to occupy the ground floor of 1150 Route 22 East. The tenant was represented by Stephen Graziano and Jim Bailey with Colliers.
• Nisivoccia, one of the top accounting firms in New Jersey, signed a 4,415-square-foot extension and expansion at 1140 Route 22 East.
• Savin Engineers ("Savin") - a multi-disciplined firm providing engineering design services ranging from environmental, mechanical, civil, electrical and plumbing - signed a 3,915-square-foot lease to partially occupy the second floor at 1140 Route 22 East. Savin is relocating from its previous location at 1160 Route 22 East.

"These leases at CenterPointe underscore the campus' appeal and strategic location," said Sandy Monaghan, Senior Vice President of Signature Acquisitions. "We are committed to providing a modern work environment that supports our tenants' needs."

Signature Acquisitions has implemented a capital improvement program to deliver upgrades to the common areas at buildings 1140 and 1150. Each of the buildings offer on-site amenities, including cafes and market-fresh vending, conference centers and outdoor seating equipped with Wi-Fi, fitness centers with showers and lockers, and an on-site property management team. Tenants also benefit from proximity to the highly amenitized surrounding area, with convenient access to numerous local restaurants, hotels, childcare centers and retail areas, including the Bridgewater Commons Mall and Somerset County's impressive public and private golf courses.

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to bluechip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the year ended December 31, 2023, Newmark generated revenues of approximately $2.5 billion. As of June 30, 2024, Newmark's company-owned offices, together with its business partners, operate from approximately 170 offices with 7,800 professionals around the world. To learn more, visit nmrk.com or follow @newmark.

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