Centerpoint at Bridgewater 1130 Route 22 East, Bridgewater, NJ

BRIDGEWATER, NJ—Allstate Insurance has leased the entire 63,000 square-foot building at CenterPointe I, 1130 Route 22 East in Bridgewater, NJ. The property and casualty insurer leased the building located within CenterPointe at Bridgewater's four-building, 331,846-square-foot, Class A office park. Jones Lang LaSalle brokered the transaction for the property owner, American Real Estate Partners.

American Real Estate Partners was represented by Susan Mason, executive vice president; Robert Ryan, senior vice president; and John Buckley, senior vice president, all with JLL, who worked closely with Michael Gribbon, principal and managing executive director, American Real Estate Partners. Allstate was represented by Edward DaCosta, executive vice president, and John Morris III, first vice president, CBRE.

“CenterPointe at Bridgewater is an exceptional headquarters location that offers unparalleled value to tenants,” says Mason. “American Real Estate Partners recently completed a major capital improvement campaign at CenterPointe I that presented Allstate with a fresh new slate at the building to enhance its new design criteria, and affords the insurer a unique branding opportunity. The owner successfully repositioned the corporate park within 18 months of acquiring the property.”

“I am delighted by the leasing success we have enjoyed, especially with the addition of Allstate to our family of tenants,” says Gribbon. “I believe our ability to attract Allstate to CenterPointe at Bridgewater speaks to the assets' position in the market as well-managed, high-quality properties that offer great economic value to our tenants.”

JLL has completed recent transactions totalling more than 70,000 square feet at CenterPointe at Bridgewater, including leases for Maxcess Managed Markets, SE2, ConvaTec, Royal Consumer Information Products, Paradigm Wealth Management, Savin Engineers PC and Footprint Power.

American Real Estate Partners acquired the corporate park for $24.75 million in early 2015. The property offers tenants flexible, highly efficient office space, along with a full-service café with new outdoor courtyard seating near, fitness centers, a conference center, and on-site property management in a meticulously landscaped park environment.

Instant Insights /

Allstate Leases Entire Building at CenterPointe at Bridgewater

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