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Deals & Dealmakers

Wireless leader renews 95,000 s/f lease with SJP in Jersey

SJP Properties announced that Qualcomm, a wireless technologies and mobile data solutions company, has signed an agreement to extend its office lease at Somerset Corporate Center V, committing to 95,579 s/f at the best-in-class corporate campus in Bridgewater, N.J.

Qualcomm has been a tenant of Somerset Corporate Center since 2007. Over the years, SJP has reinvested extensively in Somerset Corporate Center, integrating a lifestyle amenities program that has transformed the campus into a work/play/stay destination to help tenants like Qualcomm continue to attract top talent.

This reinvestment includes the introduction of a 170,000 s/f Life Time athletic facility; a 31,000 s/f Life Time Work, the brand’s coworking concept; a soon-to-be-open Tommy’s Tavern + Tap restaurant; and a 150-room AC Hotel by Marriott that features The Bradford, a rooftop bar, restaurant and lounge.

Additionally, the campus is situated directly across from the nearly one million-square-foot Bridgewater Commons Mall  

“For more than a decade, Somerset Corporate Center has been able to exceed Qualcomm’s stringent facilities requirements, and to this day the complex remains one of the most desirable corporate campuses in the state by virtue of SJP’s commitment to continuously elevate the work-life experience for tenants,” said Alexander Erdos, Senior Vice President – Leasing & Marketing, at SJP Properties.

In addition to Qualcomm, tenants include Oracle, Capgemini, Cognizant, iconectiv, Merrill Lynch, Messer, Juniper Networks, Life Time Work, Bausch Health, and Kering Eyewear.

The campus comprises five Class A buildings, totaling 1.2 million square feet, that are situated around a landscaped central park.

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