SJP Properties has acquired 200 Wood Avenue South, a 270,000 s/f Class A office building in Woodbridge, NJ.
It plans to modernize the property with all-new finishes, building systems and an amenity package that includes a fitness center, conferencing facilities and dining center, and collaborative indoor and outdoor areas.
Existing landscaping and hardscaping at the building’s entrance and throughout the outdoor amenity areas will also be enhanced to improve the recreational green spaces.
Additionally, SJP will provide its hospitality services with a concierge approach as part of its property management offering. “We continue to study the New Jersey market and are strategically expanding our portfolio in prime locations that benefit from the ongoing migration of companies to areas that offer superior access to labor and transit,” stated Steven J. Pozycki, CEO of SJP Properties.
“We look forward to maximizing the value of this opportunistic acquisition.”
200 Wood Avenue South is part of the Metropark office park in Woodbridge. SJP Properties is the property manager.
The building is within walking distance to the Metropark Train Station, which offers NJ Transit and Amtrak Acela services.