CAPRE’s Commercial Real Estate Headlines for February 21, 2020: KBS Signs Lease Extension with BNP Paribas for 53,186 SF

Check out the latest deals and developments in commercial real estate for February 21, 2020: KBS Signs Lease Extension with BNP Paribas for 53,186 Square Feet: KBS, one of the largest investors in premier commercial real estate in the nation, announced today that it has signed a lease extension for 53,186 square feet with BNP Paribas at Woodbridge Corporate Plaza in Iselin, NJ. Woodbridge Corporate Plaza, part of KBS’ client portfolio, consists of six buildings totaling 630,000 square feet of Class A office space conveniently located in the central New Jersey submarket of Metropark. BNP Paribas, a premier global banking organization, is an existing tenant at Woodbridge Corporate Plaza. With the lease extension, the tenant will continue to fully occupy the first and third floors of Building D at the property. Woodbridge Corporate Plaza 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 management and a shuttle service to Metropark transit hub. The campus recently underwent renovations that constructed new modern lobbies and restrooms, upgraded flooring and lighting, installed new entrance doors and provided new signage opportunities for tenants. Woodbridge Corporate Plaza is located at 485 US-1, Iselin, New Jersey. The complex is adjacent to exit 132 of the Garden State Parkway and is a short distance to several major highways, including Interstate 95. The campus’ ideal location provides office tenants with easy access to major transit centers like Newark…