SJP Properties announced today that it has completed the redevelopment of 200 Wood Avenue South in Metropark, having transformed the building into a world-class, next-generation office environment that affords the infrastructure, amenities and purpose-built space required by today’s discerning workforce. The milestone was capped by the completion of global shipping leader DSV’s new U.S. headquarters at the building, encompassing a 97,000-square-foot interior build-out that was overseen by SJP’s construction management team.
“Welcoming the U.S. headquarters of DSV to 200 Wood Avenue South is a perfect milestone marking the completion of the building’s transformation and proving that top occupiers seek out top end assets and amenities. This deal also demonstrates the value of working with an owner that is able to serve as a true partner in creating a dynamic work environment that will draw employees back into the office,” said Alexander Erdos, Senior Vice President — Leasing & Marketing, at SJP Properties. “SJP’s vision for this building was to create a high-end experience that offers vast outdoor amenities that are actually set up to be utilized, along with state-of-the-art upgraded systems for a healthy and comfortable work environment. We’ve brought this vision to life and the response from tenants has been extraordinary.”
SJP acquired 200 Wood Avenue South in early 2020 and executed a comprehensive repositioning strategy, paying homage to its postmodernist architecture with a complete interior and exterior renovation, as well as new building systems and indoor/outdoor lifestyle amenities. Employees at DSV will enjoy the building’s brand-new lobby, state-of-the-art fitness center, collaborative common areas including landscaped outdoor meeting areas, nationally recognized food operators within the on-site dining area, and ample on-site parking. SJP is also providing its signature hospitality and concierge services as part of its property management offering.
DSV signed a long-term lease at 200 Wood Avenue South, selecting the building for its strategic location within the Metropark transit hub, which affords exceptional amenities, access to New Jersey’s skilled labor force and ease of commute to New York City. Additionally, the company tapped SJP’s construction and development management team, which partnered with architecture firm Parette Somjen Architects to design and execute a custom build-out for DSV’s new headquarters that takes full advantage of the base building conditions delivered by SJP, as well as the building’s spacious layouts, expansive ceiling heights and unique, modern industrial aesthetic. DSV took occupancy of its space at 200 Wood Avenue South - comprising the building’s entire third floor -- in April.
Leasing opportunities currently exist at the building. Additionally, for tenants seeking a private outdoor area for their employees, SJP has created a landscaped open green space at 200 Wood Avenue South — the only space of its kind within New Jersey — that is available exclusively for a future tenant to customize into a private patio, outdoor lounge, dining area, or garden conferencing space with SJP’s build-out capabilities.
Spanning 270,000 square feet, 200 Wood Avenue South offers the ability to attract and retain New Jersey’s top talent where the labor markets converge and is within walking distance to the Metropark Train Station, which offers NJ Transit and Amtrak Acela services. 200 Wood Avenue South is also conveniently located near the cross-sections of Lincoln Highway, Middlesex Turnpike, and the Garden State Parkway.
The building has a resilient and efficient infrastructure, featuring a base-building UPS system, two 1,500 kilowatt power generators, a modern HVAC controls system and upgraded mechanical systems — including air filtration upgrades for improved air quality to create a healthier environment for employees.
