Mid Atlantic Real Estate Journal — New Jersey — May 10 - 23, 2013 — 13B
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In first quarter Of 2013 Hartz Mountain Industries leases 1.5 million s/f
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ECAUCUS, NJ — Hartz Mountain Industries’ first quarter of 2013 leas-
344,419 s/f, including 126,086 s/f to US Display Group and 70,542 to Full Throttle Films in Secaucus and 58,775 s/f to Atlantic Health System in Whippany. Renewals were also strong with Pier One Imports renew- ing 634,000 s/f in Baltimore, MD and Preferred Display re- newing 84,645 s/f in Clifton.
“Our outstanding first quar- ter can be attributed to our ability to provide well-located industrial properties near inter- national ports in Newark and Elizabeth in NJ and Baltimore in Maryland, creating logistical advantages and reducing fuel costs,” said Emanuel Stern, president and COO for Hartz Mountain Industries. n of this velocity, which is a re- flection of the high quality of our premier properties and a sign that economic conditions are improving.” n
ing report boasts more than 1.5 million s/f of industrial, office and retail properties leased. A bulk of these leases was in Hartz’s warehouse asset class, with 14 leases signed to date in 2013. Six of those were to new tenants totaling more than WOODBRIDGE, NJ — Onyx Equities, LLC is off to a fast start in 2013. The leading private real estate investment, development and management firm today an- nounced that it completed 17 lease transactions, totaling 114,206 s/f, throughout its portfolio during the first quar- ter of the year. Michael Nevins , Onyx Equities’ senior VP of leasing, represented the firm in the following notable deals: • Kraemer Properties, Inc. renewed its 25,200 s/f lease at 1925 Swarthmore Avenue in Lakewood. Onyx negotiated the transaction directly with the tenant. • Valley National Bank signed a long-term renewal for 21,334 s/f at 2 Jericho Plaza in Jericho, NY. CBRE senior VP David Leviton represented Valley National. • NewmarkGrubbKnight Frank signed a long-term, 12,246 s/f renewal at Meadows Office Complex, located at 201 Route 17 North in Rutherford. The real estate firm, which was self represented, also re- newed its lease for 3,112 s/f of space on a separate floor. • At 1985 Swarthmore Av- enue in Lakewood, Quality Communication Systems, Inc. signed a 12,500 s/f renewal. • BT Systems inked a long- term, 10,896 s/f renewal at 30 Montgomery Street in Jersey City. Jones Lang LaSalle VP Dan De Palma represented the tenant. During the first quarter, Onyx also completed lease transactions with TCBA Wat- son Rice, Creative Interior Partners, University Radiol- ogy, Omnicomm Systems, National Life Insurance Co., Rational eDiscovery, LLC, In- sung Park, 1st Title of Central Jersey, LLC, and Elite Nails. “We continue to be encour- aged by the level of leasing activity throughout our portfo- lio,” said Jared Minatelli , se- nior VP of asset management
Subsurface Investigations • Construction Inspection and Testing Geotechnical Design & Analysis • Environmental Site Assessments and Remediation • Clean Fill Testing • Carbonate Site Assessments Stormwater Infiltration Testing • Laboratory Soils Testing www.earthengineering.com Corporate Headquarters: 610-277-0880 • Lehigh Valley: 610-967-4540 Central PA: 717-697-5701 • South Jersey: 856-768-1001
Onyx Equities reports fast start to 2013 with 1st qtr. leases for Onyx Equities. “In both the office and retail sectors, we’re finding that tenants are eager and willing to commit to space. We anticipate the continuation
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