PSE&G Signs Long-Term Lease in South Plainfield

NEW JERSEY—Public Service Electric & Gas Co. (PSE&G) has signed a 55,775-sq.-ft. long-term lease at 287 Executive Plaza in South Plainfield. Colliers International New Jersey arranged the deal on behalf of the tenant. The landlord, Normandy Real Estate Partners, was represented by Warren Searles of Cassidy Turley in the transaction.

PSE&G plans to relocate its operations from Maplewood and use the new space for training facilities and as a testing lab.

Located on 20 landscaped acres, 287 Executive Plaza has interior garden atriums and vaulted windows in executive offices, and is also in close proximity to Route 1, the New Jersey Turnpike and the Garden State Parkway.

Please or Register to post comments.

Latest poll

Total CMBS Issuance Volume

There has been $30.3 billion in new CMBS issuance to date in 2013, according to Commercial Mortgage Alert. That puts the industry on pace to smash last year’s volume of $48.4 billion and will make 2013 the busiest year for CMBS issuance since 2007. Where do you think total CMBS issuance volume will end up in 2013?

 

Newsletter Signup

NREI Daily Regional Newsletters

Connect With Us
National Real Estate Investor Related Sites