S hopping C enters N ew J ersey S potlight C entral NJ
Real Estate Journal — Northern New Jersey — August 10 - 23, 2018 — 5B The Hampshire Cos. sells 71,048 s/f industrial building
M id A tlantic
I LLSBOROUGH , NJ — In early 2017 G William Group LLC H 210,000 s/f Apex Sports and Events Center G William Group LLC signs Hillsborough sport complex
( G W G ) a design-build construction management and consult- ing company based out of Edison com- pleted con- s t r u c t i o n
16 Law Dr.
Apex Sports and Events Center (Hillsborough, NJ)
trial users require, 16 Law Dr. provides easy access to the New York City Metro area’s exten- sive transportation network in- cluding Interstates 80, 280 and 287. Additionally, the location enables JEEN International to leverage and attract the strong local labor market to support its growth. “We recognized that the con- tinued tightening of the north- ern New Jersey industrial supply and elevated demand for quality, well-located spaces made now the right time to market this property for sale,” said Igor Derbaremdiker , director of dispositions for The Hampshire Companies. “The building’s high level of flex- ibility and adaptability along with its ideal location in one of the state’s most appealing sub- markets made the asset highly attractive and aligned well with the demands of industrial owner-operators. Each of these factors played a significant role in our ability to sell the asset and generate an attractive yield for our investors.” Chad Hillyer and Jenna Imperatore of Jones Lang LaSalle represented The Hampshire Companies in the transaction. Before joining Weichert, Skinner has managed the investment sales division of a boutique real estate brokerage in New York City, specializing in sales and leases of hotels, offices and retail. Joining Weichert has allowed him to extend his territory into both New York and New Jersey. In addition to his success in real estate, Skinner produced and hosted a radio show focused on real estate. relationships with high-stakes clients make him a great addi- tion to our team.”
FAIRFIELD, NJ — The Hampshire Companies an- nounced the sale of 16 Law Dr., a 71,048 s/f industrial building in Fairfield, to MOP Realty LLC c/o JEEN International. Located on 6.44 acres directly off Rte. 46, 16 Law Dr. features 65,893 s/f of warehouse space and 5,155 s/f of office space. Operating for over 20 years, JEEN International is a techni- cal marketer and manufacturer of cosmetic ingredients for cos- metics and personal care mar- kets. They are a valued supplier to over 3,200 current custom- ers throughout the world and their ingredients can be found in the products of 90 percent of the top multinational and global cosmetics and personal care brands. Continued strong growth at the company neces- sitated the addition of a second warehousing and office space to join their existing headquarters at 24 Madison Rd. in Fairfield. JEEN International recog- nized that 16 Law Dr. provided the ideal opportunity to meet their current space needs while offering substantial opportuni- ties to renovate the property to suit their long-term space needs. Providing the regional accessibility that today’ indus- EDISON, NJ — James Sousa , president of Weichert Commercial Brokerage, Inc. announced that Robert Skinner has joined Weichert Commercial Brokerage as vice president. Skinner has more than 20 years of comprehen- sive experience in customer- oriented industries. “We are delighted to have Robert join Weichert Com- mercial Brokerage as vice president,” Sousa said. “His expertise in brand develop- ment and success in establish- ing and maintaining positive
of Sportika in Manalapan, NJ. Sportika is a 166,900 s/f state-of-the-art indoor sports complex, featuring: Seven bas- ketball courts, a FIFA Level II certifiable indoor Olympic sized soccer field, physical therapy suite, tutoring cen- ter, arcade, lounge, and party rooms. From this success, GWG garnered notoriety from the indoor sports world and as such has signed three additional large-scale indoor sports com- plexes to include: FlorhamPark Sports Dome (Florham Park, NJ- 155,000 s/f), Ocean Dome (Brick, NJ- 112,000 s/f) and most recently, Apex Sports and Events Center (Hillsborough, NJ- 210,000 s/f). The demand for access to quality indoor courts and fields is on the rise with no decelera- tion in sight. GWG’s vice presi- dent and managing partner Eric Gatti , noted that “We are just seeing the tip of the iceberg in regards to demand for these types of facilities, especially given NJ’s love of sports and seasonal weather. In the early 2000’s there was a shift towards turf fields, we at GWG see the next commonplace shift being towards indoor sports com- plexes of all sizes.” GWG takes on each and every project with the primary focus of its efforts being its client’s success. Our team of profession- als individually and collectively have had strong history of suc- cessful projects and incredible client relationships, focusing in the New Jersey and immedi- ate surrounding markets. Our knowledge of the private devel- opment process in our market and access to local resources make us the right team player for any client’s commercial de- velopment needs.
Weichert Commercial Brokerage appoints Skinner as vice president
Sportika in Manalapan
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