SK Properties Reports 40% Increase In 2009 Transactions Over Previous Year
BEDMINSTER, N.J. – SK Properties has consummated one of the largest office transactions in the state of New Jersey this year, signing a long term lease for 45,000 square feet of class A office space with GAIN Capital Holdings, Inc. at Bedminster One in Bedminster, New Jersey.
GAIN Capital Holdings, Inc. — a global online trading services provider which is relocating within the town of Bedminster — brings occupancy at the 167,000-sq.-ft. office building to over 80%, according to Justin J. Gingeleskie, Director of Leasing for SK Properties. GAIN is set to move into its new space in December.
FirstService Williams New Jersey, Bedminster One’s leasing agent, represented the Landlord and CB Richard Ellis represented Gain in the transaction
“This is the eighth transaction we’ve consummated at Bedminster One this year, including leases with HCL America, Inc., Symyx Technologies, Inc. and ING,” notes Mr. Gingeleskie. “More importantly, SK Properties has already completed 50 leases this year — a 40% increase over our 2008 transactions — bringing the firm’s overall portfolio occupancy above 95%.”
“In today’s challenging commercial real estate climate, there’s a flight to quality as tenants are not only looking at quality assets but quality landlords,” he continues. “SK has been operating for 50 years and remains one of the few family-owned-and-managed companies in an industry currently dominated by pension funds, insurance companies and REITS. We are the type of well-funded, personal-service company tenants are looking to.”
Like other new tenants at Bedminster One, GAIN Capital recognized the position of the building as one of New Jersey’s premier office facilities.
“Prestigious and growing companies like GAIN, looking to upgrade their space, are increasingly responding to the excellent opportunities offered here to relocate to an exceptionally well-located office facility that is in the final stages of a major capital improvement program, including renovations to common areas, all bathrooms and lobby, while the building also offers a fitness center and brand new café,” Mr. Gingeleskie points out. “That’s why we are confident Bedminster One’s occupancy will continue to climb during the balance of the year.”
Located at 135 Routes 202/206 near the crossroads of Routes 78 and 287, Bedminster One is notable for a major highway network at its doorstep and a train station less than three-and-a-half miles away – providing fast, convenient access to major business centers throughout the state and in Manhattan.
Tenants enjoy modern office facilities in a park-like suburban setting replete with a reflecting pond, a picnic area and walking trails. In addition to the fully-equipped fitness center with men’s and women’s locker facilities and on-site café, amenities include covered parking, on-site storage and concierge service, and Bedminster One is within walking distance to downtown Bedminster’s restaurants and shops.
Current tenants include Beacon Health Care, Ethicon, Symyx Technologies, HCL America, Associated Life Brokerage, ING, Sky Net Satellite Corporation, AMCS Corp. and Jameson Eaton & Wood, Inc.
For further information, visit Bedminster One’s website (www.skpropertiesre.com), or call FirstService Williams New Jersey, at (973) 299-3000.
About SK Properties
Headquartered in Bridgewater, N.J., SK Properties is one of the largest privately held diversified real estate companies in New Jersey. It owns and manages more than 5 million square feet of office, warehouse and retail space, and has substantial ownership in 8,000 apartments. SK’s New Jersey office owns and manages approximately 3,000 apartments. The company is currently constructing more than 850 apartments, with 350 residences being developed in Jersey City, NJ in partnership with Ironstate Development and 500 residences located in Eastern Pennsylvania. For more information, visit the company’s website at http://www.skpropertiesre.com.
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