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Avison Young arranged more than 115,000 square feet of new leases at Shelbourne Global's 1515 Broad St. in Bloomfield, NJ

Shelbourne Global Bucks Repurposing Trend with Leasing Success 

Avison Young’s New Jersey office has arranged more than 172,500 square feet in new office, industrial/flex and life sciences leases across private real estate holding company Shelbourne Global’s 631,784-square-foot commercial portfolio in Piscataway and Bloomfield, NJ.  

Leading biotech company Genscript inked a new 56,843-square-foot lease at Shelbourne’s 20 Kingsbridge Rd. in Piscataway for office, research and lab space, while energy technology company Lummus Technology, Inc. and full-service marketing company Acosta, Inc. signed long-term office leases at 1515 Broad St. in Bloomfield for 115,707 square feet in total. Avison Young’s New Jersey-based principal William McCaffrey represented Shelbourne in all three transactions.  

“Shelbourne has continued to lease their office portfolio while bucking the trend of owners in New Jersey repurposing their commercial assets, as their Piscataway and Bloomfield properties continue to experience new interest, renewals and lease extensions even in midst of the pandemic,” said McCaffrey. 

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Avison Young's McCaffrey

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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