S hopping C enters N ew J ersey
Real Estate Journal — New Jersey — Section B
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M id A tlantic
Company drives strong leasing campaign in Secaucus CBRE arranges 110,147 s/f industrial lease forMainfreight
United Realty Advisors reps. Sitex NAI Hanson’s Schilp brokers sale of 48 acres
pre-approval, to attract a buyer that could envision the future success of this type of attraction in this market.” In Carlstadt NAI James E. Hanson negotiated a lease for a 40,000 s/f industrial build- ing with NIS CP Corp. at 223 Veterans Blvd. NAI Hanson’s Kenneth Lundberg, SIOR , and Patrick Lennon rep- resented the tenant, NIS CP Corp. and John Friedland of United Realty Advisors rep- resented the landlord, The Si- tex Group , in the transaction. The Sitex Group acquired 223 Veterans Blvd. in October of 2017 with the goal of creating a renovated industrial space in line with the demands of the small to medium-sized indus- trial user. Updates included renovations to the property’s 5,000 s/f of office space and add- ing modern warehouse lighting to the industrial space. 223 Veterans Blvd.’s adapt- ability for a wide range of industrial uses and its loca- tion made it an ideal leasing opportunity for NIS CP Corp., an e-commerce company that was looking to consolidate their operations into a larger space from two separate locations in Englewood and Palisades Park. “We have seen demand for small and medium-sized in- dustrial product continue to drive leasing velocity in the Meadowlands submarket,” said Lundberg. “Flexible spaces like 223 Veterans Boulevard can meet the space needs of a wide variety of tenants and are increasingly in short sup- ply throughout the market. We were happy to work with the Sitex Group, one of the area’s premier industrial owners, to effectively market the building and secure a high-quality ten- ant for our client.”
ROXBURY TWP., NJ — NAI James E. Hanson has ar- ranged the sale of two parcels of land totaling 48 acres that h a v e b e e n a p p r o v e d for a zip line a d v e n t u r e park located a t M o u n t A r l i n g t o n Rd. and 1233 Rte. 46 in the Ledg ewo od s e c t i o n o f RoxburyTwp. NAI James E. Hanson’s John Schilp represented t he s e l l e r , Darl Enter- prises, LLC, in the sale to Flag- staff Extreme, LLC. Flagstaff Extreme is an ex- treme adventure course located in Flagstaff, AZ. The Arizona based buyer has similar parks throughout the mid-west and was looking to expand their operations into the northeast. The two vacant land parcels were listed separately with the option to purchase together. The smaller of the two parcels, at .17 acres, offers high visibility frontage on Rte. 46. The larger parcel, at 48 acres, is heavily wooded with steep slopes, and has already been approved for a zip line recreation park. The parcels are conveniently located between Rtes. 80, 46 and 10 and offer a prime location less than an hour from NYC. “The prior approval for this land to be converted into a zip line recreation park provided us with a unique selling propo- sition,” said Schilp. “We were able to leverage the location and strong demographics surround- ing the area, in addition to the John Schilp Kenneth Lundberg
K
EARNY, NJ — In a t ransac t i on ar - ranged by CBRE ,
global logis- tics provider Mainfreight has signed a long-term, 110,147 s/f i n d u s t r i a l lease at RTC Properties’ 50 Cable Dr. in Kearny.
50 Cable Dr. in Kearny
William Waxman
The CBRE team led by ex- ecutive vice president William Waxman arranged the lease
HI-LIGHTS AUGUST 10 - 23, 2018
1 County Rd. in Secaucus
on behalf of Mainfreight, a pro- vider of managed warehous- ing, as well as international and domestic freight forward- ing services. “Mainfreight’s decision to take industrial space at 50 Cable Dr. is a testament to northern New Jersey’s exten- sive transportation network, population density and educat- ed workforce,” said Waxman. The 110,147 s/f property features on-site management, 24/7 security and direct access to US Routes 1 & 9. It is also in close proximity to the New Jersey Tpke., Port Newark, Newark International Airport and New York City. In Secaucus the CBRE team of Waxman, Mindy Lissner Kevin Dudley , and David Gheriani arranged five new leases at 1 County Rd. totaling 105,000 s/f. CBRE serves as the leasing agent for the state- of-the-art flex development and represented the owner- ship, Bhasin Properties , in the lease negotiations. “Demand for high quali- ty flex space in Secaucus is strong, and 1 County Road is meeting the demand with a compelling product and supe- rior location,” CBRE’s Dudley said. “1 County Road offers easy and convenient access to New York City as well as a va-
riety of transportation options for employees, and the class A space itself serves a myriad of users and uses. The thoughtful, modern design makes it a real stand-out in the market.” In six months, the CBRE team negotiated the follow- ing new leases, all were fully preleased: • DDMG, Inc. leased 27,440 s/f. JLL represented the tenant in the lease negotiations. • GOAT, an online high-end sneaker marketplace founded by Eddie Lu, inked a 27,537 s/f lease in direct negotiations with the CBRE team • W Showroom, online wom- en’s fashion company leased 18,390 s/f of space at the prop- erty. • The Alvin Ailey Dance The- ater leased 17,583 s/f of space in a represented by Avison Young . • KM Productions, an indus- try-leading event production services and equipment com- pany, leased 14,305 s/f of space. The Blau & Berg Company represented KMProductions in the negotiations. Built in 2018, 1 County Rd. is a two-property, 242,000 s/f, state-of-the-art complex lo- cated in the heart of Secaucus. The properties are comprised of 15 class A units located min- utes fromNYC, the NJ Tpke.
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223 Veterans Blvd. in Carlstadt
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