100 Matawan Road in Old Bridge — Courtesy: Cushman & Wakefield
By Joshua Burd
The owners of an Old Bridge office building have hired Cushman & Wakefield to market and lease the 132,000-square-foot property, the commercial real estate services firm said.
The brokerage said the building, located 100 Matawan Road, sits at Exit 120 of the Garden State Parkway and underwent a major renovation earlier this year. Paul Giannone, Kevin Carton, Todd Elfand and Matt Scozzari of Cushman’s Edison office are leading the exclusive assignment on behalf of property owners Denholtz Associates and Palatine Capital Partners.
The new renovation introduced a tenant lounge with a gourmet coffee bar and WiFi, C&W said in a news release. The five-story building features a dramatic, light-filled atrium lobby, which has been updated with modern finishes and seating, while ownership also incorporated LED lighting, a new HVAC system and porcelain tile floors throughout common areas.
The property also features an outdoor deck and patio space, along with covered parking.
“The recent capital improvements not only served to modernize the building but introduced an outstanding shared community space — a lifestyle amenity that also is fostering collaboration among tenants at 100 Matawan Road,” Carton said. “The coffee bar is an added on-site perk in a neighborhood that already has plenty of dining, retail and service offerings.”
Elfand said 100 Matawan Road’s Middlesex County location, with direct access to the Parkway, has contributed to its history of strong occupancy. C&W is marketing availabilities at the building ranging from 1,800 to 16,000 square feet.
“This property has long been popular among technology and business service firms looking to draw from Ocean County’s deep labor pool,” he said. “They recognize the advantage of being in Middlesex County but at a lower rental rate than many other properties in the immediate market.
“The recent renovations have further enhanced the building’s appeal, as indicated by increased inquiry activity among potential tenants.”