12C — July 23 - August 19, 2021 — Owners, Developers & Managers — M id A tlantic Real Estate Journal
www.marej.com
O wners , D evelopers & M anagers
Tpke., has ideal access to the New Jersey and New York populations, Port Newark- Duval, Avanzato and Cruz of JLL broker transaction totaling 295,000 s/f CenterPoint lands low-coverage industrial property in Northern New Jersey D AYTON, NJ — Cen- terPoint has ac - quired 295,000 s/f of
levels. "10 Corn Rd. is well located within the 8A submarket, and it sits on a parcel that af - fords us expansion flexibility long term," said PJ Charl- ton , CenterPoint's senior vice president of investments. "This is our sixth acquisition in the New Jersey/New York City metro area in the last 12 months. The region is clearly one of the hottest industri - al markets in the country," Charlton finished. Marc Duval, Jordan Avan- zato and JoseCruz of JLL bro- kered the transaction. MAREJ DMR Architects celebrates 30 Th anniversary HASBROUCKHEIGHTS, NJ — DMR Architects is kicking off its 30th Anni - versary Year by giving back to New Jersey institutions through its newly formed DMR Foundation which rec- ognizes local organizations for their meaningful work in the community. DMR Architects staff is complementing the com- pany’s financial donations with activities including the collection of food to assemble lunch bags for delivery to local children through the Bergen Volunteers Brown Bag Buddies summer lunch program. “According to Table to Table, food insecurity has increased by 136% for chil - dren living in Bergen County with some of these children relying on school lunches as their only full meal of the day,” said Nina Bachrach, CEO for Bergen Volunteers. “We are grateful to DMR Architects for recognizing that the need is just as great when school is out and will continue even as New Jersey begins its post-pandemic economic recovery.” “DMR’s corporate culture dictates that we continue to be part of the communities where we do business by sup- porting activities and servic- es that raise the quality of life for those who live and work there,” Lloyd Rosenberg, AI, president and CEO of DMR Architects. “We applaud Bergen Volunteers and all the local charitable entities for their work to feed, those in need.” MAREJ
E l i z a b e t h and Newark International Airport. " W e ' r e very excited to add this to our 8A port- fol io, " said CenterPoint
wa r ehous e space at 10 C o r n R d . in Dayton. Two bui ld- i ng s c ove r just 20% of the sizable 34-acre site, w h i c h i s
10 Corn Road
Bryan Won
PJ Charlton
industrial uses from food and beverage applications to tra- ditional distribution, in a market where there is virtu- ally no availability," Won emphasized.
Exit 8A has been one of the hottest submarkets in New Jersey in recent years. With a vacancy rate of less than 1% this year, competition for space among users is at record
Investment Officer Bryan Won . "The property's unique features make this a highly attractive investment because it can cater to a myriad of
leased long-term to a national beverage company serving the Northeast from this location. The property, located within minutes to the New Jersey
P o s k a n z e r S k o t t A r c h i t e c t s 550 North Maple Avenue, Ridgewood, NJ 07450 201.445.2322 www.poskanzerskott.com
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