S hopping C enters N ew J ersey /P en sylvania

M id A tlantic Real Estate Journal — New Jersey/Pennsylvania — Section B


Avision Young represents landlord The Blau & Berg Company announces lease of ±298,253 s/f industrial facility in Piscataway, NJ

ISCATAWAY , NJ — The Blau & Berg Company , a commer- cial real estate brokerage firm in the New Jersey and Tri-State area since 1932, recently arranged the lease of a ±298,253 s/f industrial facil- ity located in Piscataway. The team of Jason Crimmins, CCIM, SIOR, Alessandro (Alex) Conte, CCIM, SIOR, Michael Schipper, SIOR, and Peter Murano, Jr. , SIOR represented the tenant. The landlord was represented by Avision Young – New P HI-LIGHTS MARCH 18 - APRIL 21, 2022

York. This transaction was a highlight and one of the top leases of 2021 in the industry. The property will be used for warehouse space and as a cor- porate office. “We were honored to have represented the tenant in a comprehensive search for their new corporate HQ and dis- tribution center”, offered Mi- chael Schipper, SIOR, senior director with The Blau & Berg Company. “We were pleased with the fluidity in which the transaction progressed along with the development team and their representation.” The Blau & Berg Company recently arranged the sale of a ± 95,000 s/f multi-tenanted

industrial facility located on 8.2 acres on Aldene Rd. in Union, NJ. The property was sold by a private investor, and the new owner is Brentwood Realty . “We were happy to assist the seller in the disposition of this asset”, offered Alessandro Conte, CCIM, SIOR, executive vice president for The Blau & Berg Company, adding “we are excited to see the new owners, Brentwood Realty, bring new life to not just the property but the community as a whole.” Alex Opper of Brentwood Realty offered some insight into the decision to purchase the property, stating “This facility on Aldene Road builds upon our multi-decade business plan of

acquiring compelling in-fill in - dustrial and retail properties.” The Blau & Berg Company was founded in 1932 and holds a leading position in the New Jersey and Tri-State commercial real estate mar- ket. Headquartered in Short Hills, NJ, The Blau & Berg Company is an independent, full-service commercial real estate brokerage firm, provid - ing expert and personalized services in industrial, office and retail real estate, includ- ing: site selection, acquisi- tions, dispositions, leasing, tenant representation, portfo- lio sales, asset repositioning, and property & construction management. MAREJ “We are thrilled to land another deal in this submar- ket with our friends at NAI Mertz and we are confident that this portfolio will be an incredible addition to Veloc- ity’s presence in the Hunting- don Valley marketplace,” said Zach Moore , Velocity’s founding partner. With this acquisition, Veloci- ty expands its overall industrial portfolio to north of 6,000,000 and over 300 tenants. “Huntingdon Glen is an- other example of Velocity’s ability to parachute into local markets and quickly aggre- gate significant market share in an offmarket approach. This acquisition represents our twelfth building purchase in Huntingdon Valley in the past two years, where we now partner with over 60 tenants. We are excited to continue to grow our relationship with Jeff and Jared Licht on this deal,” said Tony Grelli, Moore’s co-founding partner. NAI Mertz has been en - gaged by Velocity to manage all leasing on site, which is expected to result in a series of new leasing activity as well as renewals and expansions of existing tenants. MAREJ

Jason Crimmins

Alessandro (Alex) Conte

Michael Schipper

Peter Murano, Jr.

NAI Mertz teamannounces sale of Huntingdon Glen Business Campus in Upper Moreland, PA from 1,600 to 16,000 s/f.


BUCKS COUNTY, PA — The NAI Mertz Team of Jeff Licht, SIOR , senior vice

p r e s i d e n t and Jared Licht, senior associate, is p l eas ed t o announce the sale of the Huntingdon Glen Busi - ness Cam- pus located on Coun t y Line Rd. in Upper More- land to Bala C y n w y d - based Veloc- ity Venture Partners . Hun t i ng -





Jeff Licht

Bergman Realty announces new leases

Huntingdon Glen Business Campus

Jared Licht

ceiling heights, drive-in and tailgate loading, and are fully sprinklered. The Park, located on County Line Rd., is very well situ- ated at the intersection of Northeast Philadelphia, East - ern Montgomery County and Lower Bucks County. It is equidistant and minutes to the Willow Grove and Phila- delphia/BensalemTpke. exists and similarly close to US Rte. 1 and I-95. “I completed my first lease in 1989 with Eddie Dudlik

and my prospect Craftmatic Bedding,” recalls Jeff Licht. “Ed was such a nice guy that he invited me to his house for a barbeque to celebrate the lease and just hang out informally with his team. He made quite an impression on me as a young man. Unfortu- nately, Ed passed too young but his family and trusted staff maintained the campus to perfection.” Effective immediately, Ve- locity will be offering units for lease on campus ranging

don Glen is a five building flex industrial campus total - ing 180,000 s/f +/- situated on 16.84 acres. The buildings range in size from a single tenant 8,000 s/f fully leased building, to a series of 30,000- 64,000 s/f flex industrial facili - ties. This newer vintage prod- uct was constructed between 1984 and 2005. The Park is presently 98% leased and home to 38 tenants. All buildings are in excellent condition, featuring 16-26’


Lincoln Equities Group to launch spec last-mile distribution facility



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