Cognizant Signs 64,000-Square-Foot Lease at SJP Properties’ Somerset Corporate Center II
SJP Properties, one of the New York Metropolitan Area’s most active development companies, today announced that Cognizant has recently signed a lease to occupy 64,000 square feet at Somerset Corporate Center II in Bridgewater, N.J.
The leading provider of information technology, consulting and business process outsourcing services joins a high-caliber tenant roster that includes global health care company Allergan, which recently signed a 93,000-square-foot lease for space at the Class A building. Cognizant, which is based in Teaneck, N.J., is relocating from another property in Bridgewater, and expects to be in its new space in the fourth quarter of 2012.
SJP was represented in house, while Studley Senior Managing Directors Gregg Najarian and Joe Messina represented Cognizant.
“Indicative of the ‘flight-to-quality’ trend we are seeing in the marketplace, this transaction reflects the significant value provided by well-located, modern Class A office space,” said Steven J. Pozycki, CEO of SJP Properties. “In relocating to Somerset Corporate Center II, Cognizant will be upgrading its image and gains access to extraordinary on-site and area amenities that we feel will improve the quality of work life afforded to its employees. Additionally, we are confident that the company will benefit from our responsive property management team and ownership that has an established track record meeting the requirements of world-class companies. ”
Located within Somerset Corporate Center, one of SJP’s signature master-planned corporate campuses, the state-of-the-art building offers direct access to Interstate 78 and Interstate 287, Routes 202/206, as well as proximity to both Newark International Airport and New York City.
Somerset Corporate Center II boasts high-performance, energy efficient and environmentally responsible energy systems that produce low emissions and optimal indoor air quality. The building was awarded the U.S. Environmental Protection Agency’s prestigious Energy Star recognition, the national symbol for superior energy efficiency and environmental protection, and is registered with Leadership in Energy and Environmental Design (LEED), which is the path to seeking LEED Existing Building – Operating &Maintenance certification.
The campus features a 15-acre central park around which the center’s five buildings are situated. The park features numerous walking paths, sitting areas and extensive landscaping, helping to reduce environmental stress for building tenants. Additionally, private gardens at each of the buildings include seasonal floral displays, fountains and park-style seating.
Somerset Corporate Center is situated among several college campuses such as Rutgers and Raritan Valley College and a diverse housing base within coveted school districts.Numerous hotels, including the adjacent 300-room Bridgewater Marriot Hotel and conference center, surround the corporate center. Located directly across Routes 202/206 is the nearly one million-square-foot Bridgewater Commons Mall, the second-largest mall in New Jersey, offering a variety of retail amenities. Restaurants, numerous country clubs and public golf courses, movie theaters and daycare facilities are also in close proximity to the campus.
About SJP Properties
SJP Properties is a fully integrated commercial and residential real estate developer, investor, asset manager, construction manager and property manager. The expertise of the company’s core in-house team of professionals encompasses the entire development process, from site selection through coordination of tenant move-in for large multi-phase office complexes and build-to-suit corporate headquarters properties, as well as for individual tenant build-out projects. For 30 years, SJP has sustained an unblemished track record of success having completed every project on time and within budget, and has developed strong relationships with some of the industry’s foremost investors and lenders.
For more information on SJP Properties, please call 973-299-9117 or visit www.sjpproperties.com.