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New York & Tri-State  + New Jersey  + Office  |  May 26, 2021
Paul Bubny
By: Paul Bubny

Iselin, NJ Office Complex Trades for $88M

KBS has sold Woodbridge Corporate Plaza, a six-building Class A office complex in Iselin, NJ. The property sold to Ramapo, NY-based Northeast Capital Group for $88 million.

“The New Jersey office market is home to a diverse roster of Fortune 500 companies and tenants who are drawn to a highly accessible, regional location,” said Marc DeLuca, Eastern regional president for KBS. “Woodbridge Corporate Plaza is defined by its proximity to the intersections of I-95, I-278 and Route 1 with exceptional mass transit connectivity via Amtrak, New Jersey Transit and the Metropark Station.”

Newmark executive managing director Kevin Welsh, managing director Brian Schulz, associate Jason Emrani, and transaction manager Maria Betancourt, with support from Jamie Drummond, served as KBS’ exclusive advisors and representatives for the sale of Woodbridge Corporate Plaza.

KBS originally purchased the 629,189-square-foot business park in 2005 and completed a multimillion-dollar renovation.

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Inside The Story

KBS’ DeLucaNewmark’s Welsh

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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