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Advance Group breaks ground in Bridgewater.

The Advance Group, which has recently completed an 84,000 square-foot, fully-leased office building at Advance at Bridgewater, has recently broken ground on the park's third office building.

Advance at Bridgewater III is an 80,068 square-foot, three-story Class A office building which is scheduled to be completed in the summer of 2000. The entire building is available for lease.

Advance at Bridgewater is a 310,000 square-foot office park which is located on the eastbound side of Route 22 at the convergence of I-287, I-78 and Routes 202/206. The park is home to United National Bank's corporate headquarters, as well as DSET, Lucent Technologies and Ariba, Inc., which occupy the entire Advance at Bridgewater II facility. Advance at Bridgewater is a high-tech office park with striking architecture, ample parking and offers tremendous convenience.

"We are extremely pleased to announce the commencement of construction of our second signature speculative office building at Advance at Bridgewater," said Frank Pratt, vice president of marketing. "Advance at Bridgewater has been a resounding success, as the development's superb location, quality amenities and high-tech features have attracted an elite group of leading corporations.

Judging from the success of Advance at Bridgewater II, which was 95 percent leased before completion, we anticipate the demand for Bridgewater III to be just as strong." Additionally, The Advance Group currently has over 1 million square feet of development projects under way in New Jersey. Advance at Bridgewater is being developed by The Advance Group in conjunction with their joint venture partner, Glenborough Realty Trust.
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Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Dec 29, 1999
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