JV Buys BofA-Anchored Bridgewater Office Building
Atkins Cos. and Capital Solutions have snapped up 1125 Route 22, a 96K SF, fully leased office building in Bridgewater from KBS Realty Advisors.
The property comprises two separate wings occupied by Bank of America and MidJersey Health Corp., a JV of Hunterdon Healthcare System and Atlantic Healthcare System. The seller recently updated the property to include a new roof, upgraded landscaping and a new building management system and parking lot.
One of 1125 Route 22's most attractive features is its accessibility to I-287, I-78 and I-95. It is also three miles from Raritan train station.
HFF's Jose Cruz, Kevin O'Hearn, Stephen Simonelli, Michael Oliver and Marc Duval represented KBS. The team has been behind a spate of New Jersey transactions this year, including Lincoln Property's purchase of 1 Gatehall Drive in Parsippany, Phillips Edison Grocery Center REIT II's purchase of Plaza 23 in Pompton Plains, Advance Realty's purchase of The Metropolitan in Hoboken and Saxum Real Estate's purchase of 37 Easton Ave. in New Brunswick.
