Mid Atlantic Real Estate Journal — June 28 - July 11, 2013 — A
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AVAILABLE 235,714 SQ. FT. Manufacturing - Warehouse
M id A tlantic R eal E state J ournal L Garibaldi & Eric Maurer orchestrate transactions Two lease 67,000 s/f at Eastman’s Eisenhower Corp. Campus ivingston, NJ — The first quarter of the New Year ush-
Former L’Oréal Manufacturing Facility 200-222 Terminal Avenue, Clark, New Jersey • ± 17,587 sq. ft. office • ± 51,536 sq. ft. warehouse • ± 166,591 sq. ft. air-conditioned manufacturing, production • 124 car parking spaces • 6000 Amps dual service • 20-21 foot ceiling height in warehouse • 15 Loading docks; 1 drive in door • Warehouse Racking with ± 2,718 pallet locations • Immediate Availability • Strategic location just off The Garden State Parkway exit 135 For further information, call: Ed Dudzinski, SIOR, CCIM Jim Foran (908) 429-4334 Atlantic Real Estate Services 1031 Route 22 West, Bridgewater, New Jersey EXCLUSIVE BROKER All information is from sourcesdeemed reliable but not guaranteed.Verificationof all information is encouraged. Submitted subject to errors,omissions, andwithdrawalwithout notice.
Features:
ered in some big changes at Eisenhower Corporate Cam- pus in Livingston, with the announcement by Eastman Management Corporation , the building’s owner-developer and its Joint Venture partner, Long Wharf Real Estate Partners , of the addition of two national corporate tenants to the Campus’ roster. According to Eastman’s managing partners, Michael and Peter Schofel , Citrin Cooperman & Company, LLP and Veritext Corp. leased of- fice space totaling in excess of 67,000 s/f in the 385,000 s/f class A facility. Winner of a recent BOMA Award for Best Building in its size category, Eisenhower Corporate Cam- pus is situated on the Rte. 10 Circle in Livingston. Both of these latest leasing deals at Eisenhower Corporate and the third mortgage was eliminated altogether, leaving that property free and clear of mortgage debt. Positioning Properties For Success From an individual retail property perspective, stepped up leasing and capital mar- kets activity make competitive positioning a vitally impor- tant component for attracting shoppers and tenants, as well as investors in a disposition scenario. Sound management strategy is the key. Maximizing a property’s re- turn on investment is directly related to operating as effi- ciently as possible. Each shop-
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Eisenhower Corporate Campus
Campus were orchestrated by a team led by Jeffrey Garib- aldi , president of Garibaldi/ CORFAC International and Eric Maurer , director of leas- ing for Eastman Management Corporation. Citrin Cooper- man & Company, LLP, signed a long-term lease involving more than 23,000 s/f of office space; a move, according to Joel Cooperman, the compa- ny’s managing partner, that is designed to complement its ping center must be individu- ally examined continually for ways to save money – securing the best services at the best prices and keeping utility costs down in vacant spaces, among other measures. The obvious challenge is to minimize costs without sacrificing quality, and all the while maintaining or improving curb appeal. Levin Management has ac- complished this in many loca- tions, most recently at Ham- ilton Plaza in Hamilton Twp., NJ. We fully renovated that 184,272 s/f center, added pad sites and expanded an end cap. At the same time, long-time anchor tenant ShopRite ex- panded its store at the property
network of regional office op- erations in White Plains, NY and Philadelphia, PA, along with its headquarters in New York City. The company oc- cupied its new home at Eisen- hower Corporate Campus in late January. Brokering the deal on be- half of Citrin Cooperman & Company, LLP, was Ken Rapp from CB Richard El- lis (CBRE) and Sarah Jones from CBRE’s NJ offices. n from 50,000 s/f to 83,000 s/f. A.C. Moore, another long-time anchor, renovated its 20,400 s/f store as well. Today Hamilton Plaza looks brand new, traffic has increased and leasing inter- est remains strong. The bottom line is that at- tractive shopping centers draw customers. Properties with customers appeal to tenants. Stabilized assets attract inves- tors and financing. Owners looking to take advantage of the industry’s renewed momentum are taking measures to achieve this “perfect storm” to position their properties for success. Matthew K. Harding is president of LevinManage- ment. n
continued from page 2A Retail “State of The Market” Solid heading into heart of . . .
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