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East Brunswick's Tower Center Reaches 90-Percent Occupancy for First Time in More Than 12 Years

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The Tower Center at the intersection of Route 18 North and the New Jersey Turnpike Exit 9 Credits: CBRE Group
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EAST BRUNSWICK, N.J. – CBRE Group Inc. announced today that it facilitated four lease transactions at Two Tower Center in East Brunswick, bringing the 23-story, Class A office tower to 90-percent occupancy for the first time in more than 12 years.  

 

The CBRE team of Executive Vice President Joseph Sarno Jr., Senior Vice President Jeremy Neuer and Senior Vice President Doug Petrozzini represented ownership, which acquired Two Tower Center in late 2015, in the following transactions:

 

  • ACI Worldwide, a banking and payment solutions company, signed a new, six-year lease for 25,330 square feet.
  • Mauser USA, a manufacturer of industrial packing solutions, signed a new, 10-year lease for 12,622 square feet.
  • Delphi Technology, Inc., a software solutions firm, signed a five-year renewal of its 15,186-square-foot lease.
  • Angang America Inc. signed a three-year renewal of its 3,416-square-foot lease.

“As office tenants in New Jersey continued to favor well-located properties with easy access to transportation, Two Tower Center outperformed the market in 2016,” Neuer said. “As one of Central New Jersey’s most recognizable office buildings, boasting all of the elements tenants desire in this market, the property presents a unique opportunity for companies that want a top-of-the-market experience that also strengthens their corporate profile. New ownership’s commitment to cementing Two Tower Center’s position as one of the most sought-after office buildings in the region is being validated by the rising occupancy.”

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A 405,600-square-foot property, Two Tower Center is situated in Middlesex County, at the intersection of Route 18 and the New Jersey Turnpike, with access to Route 1, one of the area's main thoroughfares. The building sits within a three-building complex that is comprised of two 24-story office towers that are among the tallest structures in Central Jersey, and a 12-story, 405-room Hilton Hotel.

The prominent tenant roster also includes PNC Bank, Wipro Technology, McCarter & English and CBRE's Central New Jersey office. Amenities include a full-service cafeteria, 24-hour security, on-site building management, a destination-based elevator system and a seven-story, covered parking garage. The adjacent Hilton offers a fitness center, two restaurants, and a state-of-the-art conference center.

As a suburb of New York City, East Brunswick sits just 41 miles southwest of Times Square, with approximately 75 percent of its working residents commuting to New York City daily. The complex is situated two minutes from downtown New Brunswick, within proximity of many corporate office parks and headquarters of Fortune 500 companies, as well as Newark Liberty International Airport, which is just 20 minutes away.

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2015 revenue).  The Company has approximately 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through approximately 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.

 

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