PISCATAWAY, NJ—An Atlanta-based private equity group has acquired One Centennial Plaza for $11 million from JPMCC 2005-LDP2 Piscataway Office, in a sale brokered by Jacklene Chesler of Colliers International Group.

The two, three-story class A office buildings, totaling 245,106 square feet, share a 4,000-square-foot atrium and are 72-percent occupied by three credit tenants: Johnson & Johnson, a now twice renewed tenant; Paychex, which recently signed a 30,000-square-foot lease; and Ingersoll Rand. The complex has a full-service cafeteria, outdoor picnic area and a newly renovated conference room.

“Middlesex County is the second most populous county in the state of New Jersey, and grew 12 percent between 2000 and 2015,” says Chesler, the senior managing director and head of Colliers' New Jersey investment sales practice. “This above-average growth is a testament to the county's staying power. Middlesex County has a deep and highly skilled labor pool that has attracted major corporate users.”

The other Colliers International marketing team members for this sale included Richard J. Madison, Jonathan Schlussel and Jack Callahan.

One Centennial Plaza is located just off Route 287 South. A total of eleven extended-stay or short-term hotels ranging from luxury to business accommodations sit within less than two miles. Just three miles from One Centennial Ave is Bridgewater's Commuter Rail station.

PISCATAWAY, NJ—An Atlanta-based private equity group has acquired One Centennial Plaza for $11 million from JPMCC 2005-LDP2 Piscataway Office, in a sale brokered by Jacklene Chesler of Colliers International Group.

The two, three-story class A office buildings, totaling 245,106 square feet, share a 4,000-square-foot atrium and are 72-percent occupied by three credit tenants: Johnson & Johnson, a now twice renewed tenant; Paychex, which recently signed a 30,000-square-foot lease; and Ingersoll Rand. The complex has a full-service cafeteria, outdoor picnic area and a newly renovated conference room.

“Middlesex County is the second most populous county in the state of New Jersey, and grew 12 percent between 2000 and 2015,” says Chesler, the senior managing director and head of Colliers' New Jersey investment sales practice. “This above-average growth is a testament to the county's staying power. Middlesex County has a deep and highly skilled labor pool that has attracted major corporate users.”

The other Colliers International marketing team members for this sale included Richard J. Madison, Jonathan Schlussel and Jack Callahan.

One Centennial Plaza is located just off Route 287 South. A total of eleven extended-stay or short-term hotels ranging from luxury to business accommodations sit within less than two miles. Just three miles from One Centennial Ave is Bridgewater's Commuter Rail station.