Somerset Corporate Center in Bridgewater — Courtesy: SJP Properties
By Joshua Burd
Qualcomm Inc. has renewed its lease for 125,472 square feet at Somerset Corporate Center, SJP Properties’ master-planned office complex in Bridgewater, the landlord said Tuesday.
In a news release, SJP said the tenant recommitted to its space at Somerset Corporate Center V a decade after first moving to the Class A office park. Qualcomm, which develops wireless technologies and mobile data solutions, represented itself in the lease renewal, while the owner was represented in-house.
The deal comes after SJP’s announcement earlier this month that data solutions firm iconectiv had signed a new lease for 115,000 square feet at Somerset Corporate Center I, a separate property within the five-building campus.
“Qualcomm’s decision to recommit for the long term at Somerset Corporate Center is further validation of this property’s ability to meet the advanced infrastructure needs of leading technology companies,” Steven J. Pozycki, founder and CEO of SJP Properties, said in a prepared statement. “In fact, Qualcomm has been using Somerset Corporate Center to test its various cell phone technologies, underscoring the superior environment we have created here.”
All told, Somerset Corporate Center includes five existing Class A buildings totaling 1.5 million square feet. The property is located at the nexus of routes 202/206 and 22 and close to interstates 287 and 78, while sitting directly across from the Bridgewater Commons mall.
SJP Properties is also planning a free-standing, full-service fitness facility, as well as a 130-room full-service hotel and restaurant within the center, the Parsippany-based firm said.
Along with Qualcomm and iconectiv, the park is home to tenants such as Linde Americas, Mazda, Kering Eyewear and Cognizant Technologies.