N ew J ersey 8B — November 19 - December 23, 2021 — New Jersey — M id A tlantic Real Estate Journal
www.marej.com
Crimmins, Conte, Murano & Schipper of The Blau & Berg Co. broker transaction CenterPoint catches cold storage warehouse in Northern New Jersey
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ERSEY CITY, NJ — CenterPoint Proper- ties continues to zero in on the Northern New Jersey industrial market, this time acquiring a 49,500 s/f cold storage facility at 200 Po- lar Way in Jersey City. The building features 24-to-33-foot clear heights, an ESFR sprin- kler system and 16 dock-high doors. "This is another example of CenterPoint adding to our large infill-oriented national portfolio, targeting specific properties that we like one building at a time," said PJ
Charlton , CenterPoint ' s senior vice president of in- vestments. "Polar Way is a unique, sought-after cold stor- age transload close to both a top port in Newark-Elizabeth and a huge population center in Manhattan and beyond," Charlton expounded. Industry analysts forecast online grocery shopping could make up a quarter of all gro- cery sales in the next five years, driving demand for cold storage facilities to new heights nationally and espe- cially in the New Jersey/New York City market. "We are thrilled to add this asset to our portfolio in a prime market where there is increasing demand for these types of facilities and no prod- uct available,” said Bryan Won , CenterPoint's invest- ment officer. "Polar Way is the ideal last-mile cold storage prototype and aligns perfectly with the long-term food and online grocery trends in New Jersey and New York City," Won added. The property is leased long- term to a major cold storage logistics company. Jason Crimmins, Alex Con- te, Peter Murano and Michael Schipper of The Blau & Berg Company brokered the trans- action. MAREJ Alfred Sanzari Enterprises brokers 6,442 s/f lease renewal HASBROUCKHEIGHTS, NJ — Alfred Sanzari En- terprises have negotiated a lease renewal for 6,442 s/f of office space with Emerald at Heights Plaza located at 777 Terrace Ave. in Hasbrouck Heights. Stephen Jennings , vice president of leasing & marketing at Alfred Sanzari Enterprises, represented Alfred Sanzari Enterprises and Hope Brodsky and Eric Tomchik of Newmark represented the tenant in the transaction. Located at the intersection of I-80 and Rte. 17, Heights Plaza is a six-story, 200,000 s/f class A office building with easy access to the New Jersey Tpke., Garden State Parkway, and Rte. 46 as well as the New York City metro area via the George Wash- ington Bridge and Lincoln Tunnel. MAREJ
200 Polar Way
Owner Managed Industrial Space. Lease With Confidence.
NEW CONSTRUCTION AVAILABLE FEBRUARY 1, 2022
290 DANIELS WAY FLORENCE, NJ 08518 INDUSTRIAL SPACE FOR LEASE
• 131,702 sf lease opportunity designed for warehousing or production operations that can be delivered as a single or multi-tenant building (70,000 sf min divisibility). • Located in the award-winning Haines Center. • Construction is underway (September 2021 progress photos on right). Lease Commencement will be February 1, 2022. • Concrete tilt-up construction features include 32’ clear ht ceilings, ESFR sprinkler, LED lighting inside & out, 40 dock doors (20 w/ levelers), and 2 drive-ins. • The site will offer 143 automobile stalls (expandable to 166 stalls) and 47 trailer stalls (expandable to 65 stalls). • Direct immediate access to NJ Turnpike Exit 6A, the PA Turnpike connector, and I-95. • Public transportation servicing the Haines Center campus includes NJ Transit bus line stops and an onsite NJ Transit RiverLine Florence commuter rail station.
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