SJP Properties announced that Crédit Agricole CIB, the corporate and investment banking arm of Crédit Agricole Group, has signed a new office lease for 12,800 s/fat 200 Wood Avenue South in Iselin, N.J.
SJP acquired the 270,000 s/f property earlier this year and is in the midst of a repositioning that includes a complete interior renovation, new building systems and indoor and outdoor lifestyle amenities.
Headquartered in France, Crédit Agricole CIB selected its new offices at 200 Wood Avenue South to house its New Jersey operations due to the building’s resilient and efficient infrastructure, and to create a more convenient, transit-oriented location for the company’s New Jersey-based employees.
The property features a base-building UPS system, two 1,500 kilowatt power generators and upgraded mechanical systems, including air filtration upgrades for improved air quality to create a healthier environment for employees.
Crédit Agricole CIB was represented in its lease by Charlie Dillon of JLL. SJP was represented by the CBRE agency leasing team of Jonathan Meisel and Wes Moore.