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METLIFE LEASES 181,000 SQ. FT. AT
WARREN CORPORATE CENTER
Insurance giant MetLife is headed
to Warren Corporate Center in
Somerset County, where it will lease
nearly 181,000 square feet of offi ce
space alongside several other blue-
chip tenants.
Multiple market reports say the
company will occupy 400 Warren
Corporate Center in a direct lease
at the fi ve-building, 820,000-square-
foot complex just south of
Interstate 78. The deal at the Warren
property, most of which is owned
by Vision Real Estate Partners and
Rubenstein Partners LP, was New
Jersey’s largest of the fi rst quarter
and helps fi ll a space that was slated
to house PTC Therapeutics before
the company amended its lease late
last year.
Parties involved in the MetLife
transaction did not return requests
for comment on details such as an
estimated move-in date, the number
of employees involved or the names
of any brokers involved, although
the campus’ website lists Cushman
& Wakefi eld’s Robert Donnelly Jr.,
Paul Giannone and Todd Elfand
as the leasing agency. Meantime, a
report by CBRE noted that the deal
was part of 462,000 square feet of
new leasing activity in central New
Jersey in Q1, fueling a 43 percent
increase from the previous quarter.
The 180,859-square-foot lease
also brings another major user to
Warren Corporate Center, where
MetLife will join the likes of
Regeneron Pharmaceuticals Inc.,
PTC Therapeutics and Everest
Reinsurance Co. Vision and
Rubenstein have built the tenant
roster since acquiring the 176-
acre campus in 2016, setting out
to reposition the former Lucent
Technologies and Citigroup property
under a plan that largely centered
on constructing a new standalone,
19,000-square-foot amenity building
with a long list of perks for tenants.
Everest Reinsurance committed
to the property in 2019, giving way
to PTC’s lease in 2022. The latter
initially agreed to occupy buildings
400 and 500 for a combined 360,000
square feet, but later sought to
amend its lease so that it would
occupy just half of the space.
Regeneron leased some 127,000
square feet last spring to bring the
campus to more than 95 percent
occupied at the time. Warren
Corporate Center’s website now
lists just 29,279 square feet available
at Building 300.
File photo
Warren Corporate Center in Warren
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