KBS Brokers 51,011 SF in new leases at Class A Office Plaza in Northern New Jersey

Woodbridge Corporate Plaza

ISELIN, NJ – KBS, one of the largest investors in premier commercial real estate in the nation, announced  the signing of 51,011 square-feet of commercial leases at Woodbridge Corporate Plaza in Northern New Jersey real estate market.

The leases signed include one new long-term lease and several lease extensions and expansions.

Woodbridge Corporate Plaza is a six-building Class A office complex encompassing 630,000 square feet. Situated in the central New Jersey submarket of Metropark, the asset was recently renovated to include a plethora of new amenities.

Marc DeLuca

“Demand for well-amenitized office space in the New Jersey office market has ramped up over the last 24 months, which is why assets like Woodbridge Corporate Plaza are attracting new companies and retaining existing tenants,” says Marc DeLuca, regional president, Eastern United States, for KBS.

 “With the average asking rent increasing by 10.4% during that time, it’s clear that this is a market experiencing robust growth, and all signs point to a continuing upward trajectory.”

The leases include:

·        Allegiance Retail Services, a current subtenant, signed a direct long-term lease for 18,928 square-feet.

·        Office Evolution, an existing tenant, signed a long-term lease extension and expanded its total square footage to 14,500 square-feet.

·        ENT & Allergy Associates, an existing tenant, expanded its lease to 8,090 square-feet.

·        Day & Zimmerman, a new tenant, signed a long-term lease for 5,900 square-feet.

·        Schultheis & Panettieri, LLC, an existing tenant, extended its lease on 2,047 square-feet.

·        Ace Software Solutions, an existing tenant, extended its lease on 1,546 square-feet.

“We strive to provide our tenants with first-class office space in a convenient location,” says Stephen Close, asset manager of Woodbridge Corporate Plaza and senior vice president at KBS.

Stephen Close

“The success of this strategy is evident in the addition of Day & Zimmerman to the campus and the fact that current tenants want to renew, extend and expand their leases.”

Woodbridge Corporate Plaza recently underwent a series of renovations including the construction of new modern lobbies and restrooms, upgrading of flooring and lighting, installation of new entrance doors and new signage opportunities for tenants.

       

       The property provides a host of sought-after amenities, including a new 6,000 square-foot fitness center, an on-site full-service café and caterer, on-site man

CONTACT:

Micaela Fehrenbach 

mfehrenbach@brower-group.com

Reagan’s Next Door Neighbor, Historic Three Hawks Ranch, For Sale at $13.9 Million on the Gaviota Coast in Santa Barbara, CA

Three Hawks Ranch, next to the historic Ronald Reagan Ranch on the Gaviota Coast at Santa Barbara, CA 

Photo credit: The Agency       Source: www.2377refugioroad.com

Gaviota Coast at Santa Barbara, CA --Three Hawks Ranch or the Garden of Eden? Adam and Eve would have had a lot more temptation among orange, lemon, lime, plum, peach, nectarine, pear, fig, olive, avocado, pomegranate and raspberries than they did with a measly apple tree!

Dolly Parton

But that’s just a small part of a 106-acre coastal ranch with views to the Channel Islands, part of the original land grant made by the King of Spain to Jose Francisco Ortega in 1794, says TopTenRealEstateDeals.com

Located next door to the historic Ronald Reagan ranch, Three Hawks Ranch is for sale at $13.9 million.

David Crosby

Carpeted with 100-year-old oak trees and open space, the ranch lies 95 miles north of Los Angeles and 15 miles above the coast with everything imaginable from its 1920’s-original-sandstone main house to a 60-tree orchard, two barns, safari-themed yurts and startling views over the Pacific Ocean.

Bo Derek 

 Structures include the six-bedroom, six-bath home which has been enlarged to accommodate family members and friends.

There is a pool and sandstone cabana with fireplace and lots of entertaining space, a large dining terrace with loggia and two barns housing land-maintenance equipment and four-wheel rides for exploring.

Steven Seagal

 There is also the orchard with an amazing wide variety of fruit, herbs and roses. Near the large barn is a newly-constructed staff house containing two bedrooms and a spacious living room, kitchen and herb garden.

A surprise bonus are the two safari-themed yurts with heat, air and plumbing. Each can accommodate a family of five as vacation rentals or for guest spillover from the main house.

Billy Rose 

Built from local sandstone boulders, the main house architecture is a well-balanced mix of earthy rusticity and elegance.

Rooms are sized for guests to easily take part whether it’s cooking in the kitchen with sandstone walls, beamed ceilings, top appliances and travertine counters, or enjoying a meal in front of a roaring fire, gathering in conversation groups for playing a board game or just conversing in front of a fire while surrounded by glass walls with the ocean views.

A mountain view from Three Hawks Ranch

Located in the most historically significant section of the Gaviota Coast in Santa Barbara, many celebrities enjoy escaping to the peace and rugged beauty of the area including Dolly Parton, David Crosby, Bo Derek and Steven Seagal.

The ranch is convenient to shopping and dining in Santa Barbara and is only 20 miles to the Santa Ynez wine country.

Three Hawks Ranch interior

Offering endless hiking trails, horseback riding trails, open fields for skeet shooting or frisby, Three Hawks Ranch is a serene respite from the hustle and bustle of city life and a paradise for children . . or Adam and Eve, who could be found overwhelmed by choices in the orchard..

The listing agent is Billy Rose of The Agency, Beverly Hills.

CONTACT:

Genelle C. Brown
Content Manager, Media Division
TopTenRealEstateDeals.com
Phone:  434-480-4504
Twitter:  @toptenrealestat
facebook.com/toptenrealestat  

Arbor Funds $8 Million Bridge Loan in Shreveport, LA

                              

 Willow Trace Apartments, Shreveport, LA

 UNIONDALE, NY – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded a bridge loan in Shreveport, LA, for the acquisition of Willow Trace Apartments. This 192-unit property received $8.1M in financing.

Sam Schwass of Arbor’s New York City office originated the loan.

“This was an exceptional closing that was executed quickly and smoothly thanks to the experience of a highly sophisticated sponsor and the talent and expertise of our structured finance and underwriting groups,” said Schwass.

Sam Schwass

 “This was also a great example of how we partner with our clients to develop solutions that best meet their short- and long-term financial goals.”

Built in 1978, the two-story units that make up Willow Trace Apartments feature high-speed internet access, fireplaces, walk-in closets, air conditioning and ceiling fans.

 Residents enjoy balconies and patios; a grill and picnic area; an outdoor pool; and tennis courts. The complex also offers convenient access to local shopping venues, parks and recreation, including a science center, gardens and bicycle trails.

Contact:

 Bina Handa

Tel: 516.506.4229

bhanda@arbor.com