Press Releases

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

71a9808dd37584e7a7c3_Tower_Center_II.jpg
The Tower Center at the intersection of Route 18 North and the New Jersey Turnpike Exit 9 Credits: CBRE Group
71a9808dd37584e7a7c3_Tower_Center_II.jpg

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.”

Sign Up for E-News

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.

 

TAP Into Another Town's News:

You May Also Be Interested In

Sign Up for E-News

Milltown/Spotswood

67-Unit Six-Story ‘Mid-Rise’ Apartment Building Proposed

May 23, 2018

NEW BRUNSWICK - A development company affiliated with two apartment complexes near Neilson Street is now seeking approval for 67-unit, six story apartment building for a vacant lot on the Street that would cover the entire lot and would exceed the four-story limit permitted in the zone.

The Community Builders, a Boston-based company doing building as Stirlingside Urban Renewal LLC, is seeking ...

Amazon’s Career Choice Program Wins “Community Excellence” Award

May 23, 2018

EDISON, NJ - Amazon’s Career Choice program recently received the “Community Excellence” award from the New Jersey Community College Consortium for its impact on the local community.

Steven Johnson, Amazon’s Director for Associate Development, was on hand to accept the award and lead a panel discussion on how the program provides trained, motivated employees for ...

TAPinto Featured Franchisee: Steve Lenox of TAPinto Paterson

This week's feature will focus on TAPinto Paterson's franchisee, Steve Lenox. Find out how the current owner of a public affairs firm went from a former State Director for Senator Frank Lautenberg to a proud TAPinto franchisee for New Jersey's third largest city.

 

Q. When did you join TAPinto.net?

I joined TAPinto.net in September, ...

Upcoming Events

Tue, May 29, 7:00 PM

The Heldrich Hotel, New Brunswick

New Jersey's Environment - A Pivotal Moment: an ...

Sat, June 2, 8:00 PM

East Brunswick

Casino Night & Tricky Tray

Sun, June 10, 9:00 AM

Nomahegan Park, Cranford

Strides4Strength - A Walk to End Domestic Violence

Allegany Alumni Band & Friends on June 10th

May 24, 2018

The Palmer Event Center Presents the Allegany Alumni Band & Friends on June 10th from 2-4 PM at The Palmer Event Center on Flag Day Observance in conjunction with the Cuba Chamber of Commerce. Admission by Donation. Over the years the band has grown to include many local friends who also share a passion for music. AAFB plays every year, but mostly busy in summer months,entertaining audiences ...

TAPintoTravels’ Resident Haeringer Set to Judge World Championship of Salami Making in France Next Month

May 23, 2018

CHATHAM, NJ - Many in Chatham know Jean-Eudes Haeringer for his work as a handyman around town, as well as the set he built for the Chatham Middle School's production of Willy Wonka Jr.

But Haeringer is now adding a new skill that few can claim: Judge for the 2018 World Championship of Artisan Salami Making.

Haeringer, originally from Strasbourg, France, ...

The Great Alone by Kristin Hannah (St. Martin's Press, 2018)

            What is the “final frontier” on the Earth's surface? Many people would say Alaska, the 49th state, which was added to the United States fifty years ago. Once one has traveled to that remote land, it is impossible to forget the magnificence of the terrain and beasts. Floating by ship in Glacier Bay, surrounded by ...

'Turning Off the Morning News' brings comic twist

‘Turning Off the Morning News’ tackles today’s issues with a comic twist

By Liz Keill

PRINCETON, N J – Despite the late night comics, no one quite captures the insanity of the political/social status world like Christopher Durang.

His latest play, “Turning off the Morning News” hit the ground running.  John Pankow as Jimmy addresses the audience, ...

'To Kill a Mockingbird' Sustains Timeless Appeal

SUMMIT, NJ – The Summit Playhouse provides a stellar production of a much loved classic, “To Kill a Mockingbird.”

The Harper Lee novel, later a Gregory Peck film and now a stage production, retains all the warmth, intensity and integrity that made it such an appealing hit in the 1960s. And there will be a new production on Broadway in December with a script by Aaron Sorkin ...