Iselin, NJ - GVA Williams exclusively represented the sub-landlord, a leading financial institution, at 194 Wood Avenue South in Iselin, New Jersey, in a lease transaction with JP Morgan Chase for 135,441 square feet of quality office space.  The GVA Williams team of David Simson, president, Ken Abrahams, senior director of corporate services, and John Potter, associate director of corporate services, represented the sub-landlord in this lease.  Seena Stein, principal, and Hope Brodsky, associate director, of Newmark New Jersey, represented JP Morgan Chase.

"We are pleased to have represented the sub-landlord in this transaction," said Simson.  "JP Morgan Chase required a location that could effectively consolidate its Edison and Woodbridge operations and this quality office complex in the heart of the Metro Park marketplace fulfilled all of its needs.  The sub-landlord has always maintained this outstanding facility beyond the expectations of its tenants."

194 Wood Avenue South is a Class A, state-of-the-art office building located on a 34.5-acre campus with immediate access to the Garden State Parkway at exits 131A and 131B.  The Woodbridge Hilton and Metro Park Station are within walking distance.  The 403,299-square-foot facility offers such amenities as a full-service, 500-seat cafeteria, manned and video security and a 5-story parking garage. Primary and secondary central station power grids service the building.  In the event of a power failure at both grids, 194 Wood Avenue’s battery-powered UPS system and two full service diesel generators will provide tenants with uninterrupted electrical service. In addition, the Iselin facility has three loading docks with direct freight elevator service to all nine floors and a licensed heliport for exclusive tenant use.

The building owner was established in 1996 with a focus on the New York, New Jersey and Connecticut market, targeting undervalued, high-grade, income producing commercial properties to buy and manage within a 5,000 to 200,000-square-foot range.  The company leases and maintains over 2 million square feet throughout the tri-state area. 

With regional headquarters in Parsippany, New Jersey, GVA Williams employs a staff of over 250 professionals in the Tri-State region.  GVA Williams is a full-service real estate firm that fulfills the needs of owners, investors and tenants, offering expertise in leasing, investment sales, mortgage brokerage, property, construction and asset management, as well as corporate services.  GVA Williams currently manages over 200 commercial properties occupying 19.1 million square feet in the Tri-State region.

GVA Williams is a founding partner of GVA Worldwide, an international strategic partnership of real estate industry leaders in key markets in 27 countries. The partnership includes 3,600 real estate professionals serving approximately 100 markets.  In its last report,  GVA Worldwide partners completed $12 billion in transactions and currently manages over 100 million square feet of office, industrial, retail and specialized property.