Thursday, December 08, 2005

Jones Lang LaSalle

JLL Picks Up Leasing Assignment from Glenborough
By Eric Peterson
Last updated: December 6, 2005 10:12am

BRIDGEWATER, NJ-Glenborough Realty Trust has tapped Jones Lang LaSalle to handle the leasing assignment for two building’s within its CenterPointe at Bridgewater office campus here. The assignment is being handled by Susan Mason, senior vice president and associate Ricardo Da Cruz of JLL’s Parsippany, NJ office.

The duo will handle the leasing of the 84,000-sf CenterPointe II at 1160 Route 22 East, as well as the 96,000-sf CenterPointe IV at 1140 Route 22 East. The pair is part of a four-building, 325,000-sf campus owned by the San Mateo, CA-based Glenborough.

“It offers institutional-quality buildings with flexibility and exceptional identity,” says Mason. Amenities of the campus include a conference center, fitness facilities and food service, and blocks of space of between 1,900 and 20,000 sf are currently available, “with larger increments possible.”

CenterPointe recently saw a 65,000-sf block of sublease come off the market. As reported by GlobeSt.com, Ortho-McNeil Pharmaceutical subleased the entire CenterPointe I from PNC Bank, which had inherited and subsequently vacated the space when it bought United National Bancorp.