13A — September 29 - October 12, 2017 — M id A tlantic

Real Estate Journal


M id A tlantic R eal E state J ournal David Zimmel represents both parties in 63,500 s/f Edison, NJ lease

Zimmel reports three NJ leases totaling 84,000 s/f


multiple tenants. When we learned that EOS was looking for new space in Edison and re- quired heavy power and ample parking, we knew 3920 Park Avenue was a great match.” In addition, Zimmel reports two leases at 60 Walnut Av- enue, Clark, a 46,000 s/f office building that the firm handles exclusively for owner TAK Realty and Investment, LLC. Outer Stuff Ltd., a designer, manufacturer and marketer of children’s sports apparel expanded from 10,000 s/f to 16,000 s/f in a ten-year lease; and Fink Rosner Ershow- Levenberg, LLC, Attorneys At

Law, have leased 4,500 s/f on a long-term basis. “With the two latest deals at 60 Walnut Ave., the building is 100 percent leased,” said Zimmel. “It is an attractive building with ample park- ing, and is located just off of exit 135 of the Garden State Parkway, close to restaurants, banks and shopping. It offers easy access to Manhattan and major New Jersey highways.” “We handle a number of buildings in the Clark, NJ, area,” adds Zimmel. “It is a healthy market that has strengthened quite a bit over the past few years.” n

DISON, NJ — Zimmel Associates , the Edison, NJ based corporate real

estate ser - vi ces f i rm, reports re- cent leases in Edison and Clark, NJ. In the first transaction, EOS Ener - gy Storage

3920 Park Ave.

David Zimmel

United States Land Resources of Morristown. David Zim- mel , CEO, Zimmel Associates, represented both the tenant and landlord in the transac- tion.

“This building was once the corporate headquarters for Thales,” said Zimmel. “The owner gave us the exclusive to market it and did not want to divide the space between

signed a 10-year lease for 3920 Park Ave., a 63,500 s/f freestanding brick building located in Edison. EOS Energy Storage provides energy stor- age solutions for utilities and commercial and industrial facilities. The owner of the building is Withum expands NYC operations

CAEDC Leads theWay for Redevelopment

Rendering of new Domestic Castings site in Shippensburg, PA

1411 Broadway

N e w Y o r k , N Y — WithumSmith+Brown, PC (Withum) , a top-30 nationally ranked public accounting and advisory firm, has announced the expansion of its NYC op- erations with the addition of 25,000 s/f of class A office space at 1411 Broadway. The audit, tax and advisory firm now oc- cupies two floors and a total of 44,000 s/f at the Garment District office tower. “Withum’s long-term lease expansion at 1411 Broadway accommodates our firm’s con- tinuing growth in the NYC marketplace in terms of our client base, client service and employee talent,” said Michael Stallone , partner-in-charge of the firm’s Manhattan office. “It also allows for future expansion of our service lines and practice areas, which ultimately results in strength in client service at the highest levels.” n

Redevelopment of former industrial and underutilized properties is critical for maintaining a balanced economy. In some cases, sites have

severe limitations that require a combination of public and private funding strategies. Cumberland Area Economic Development Corporation (CAEDC) works with developers interested in redeveloping properties by:

• Forming co-developer partnerships • Creating a redevelopment strategy

• Identifying and administering funding solutions • Providing economic impact and feasibility analysis • Cultivating partnerships between public and private agencies

CumberlandBusiness.com/Redevelopment 717- 240 - 7183

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