Real Estate Journal — New Jersey — October 16 - 29, 2015 — 21B
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M id A tlantic
S outhern N ew J ersey Four-building portfolio sale leads latest transactions totaling 141 units The Sudler Companies’ Lakewood spec building more than 85 percent leased
L AKEWOOD, NJ — Less than one year after Sudler complet- ed new construction of the 140,000 s/f industrial build- ing at 1001 New Hampshire Ave. in Lakewood, the build- ing is already more than 85% leased to companies that are using the space for commer- cial and corporate distribu- tion purposes. “We knew that this build- ing would lease quickly but we were pleasantly surprised when we leased 30,000 square feet to SkyZone before we were complete” Peter Sudler , president and CEO of The Sudler Companies said of SkyZone Trampoline Park which Sudler worked with to create a climate- controlled facility featuring 32 foot high ceilings. Sudler’s other tenants in- clude Perma Pure, a global leader of gas conditioning so- lutions for medical, scientific, and environmental moni- toring applications, which needed 34,700 s/f for its New Jersey headquarters. It also leased 28,000 s/f of shell warehouse space for a refrig- erated warehouse and distri- bution center with loading docks to Trinity Seafood aka Buckhead Beef, and worked with Blackman Plumbing which found its 28,000 s/f space to be the perfect size and location for relocating and expanding its central New Jersey customized bath- rooms and kitchens fixtures showroom that will be visited by consumers, contractors and interior decorators. Sudler’s success in the re- gion can be linked to its cen- tral location in Lakewood, as well as it being within an Urban Enterprise Zone. “We’re providing modern, efficient warehouse space with easy access to air and water ports via the nearby NJ Turnpike,” continues Sudler. “We’re attracting businesses that want to stay and expand in New Jersey as well as from other states. The success of this project has prompted Sudler to an- nounce that it will start site work soon for another spec project, a 70,000 s/f ware- house at 1205 Paco Way which is already attracting interest before shovels have broken ground. According to a recent re- port, leasing throughout
New Jersey in the first quar- ter of 2015 was robust, with Central NJ’s vacancy rate of 6.9% even lower than North Jersey’s vacancy rate of 7.3%. Sudler has been developing in Lakewood since the 1960’s, featuring its Corporate Park Lakewood, a 1,200,000 s/f property that has been 98% leased since January 2014. 1001 New Hampshire Ave. is situated conveniently off the newly designed and completed Exit 88/89 Inter- change of the Garden State Parkway offering high vis- ibility at the corner of Oak
and New Hampshire with close proximity to the shore region. It’s also great location for companies needing to be near major road ways for business in the Philadelphia area, or ports in Elizabeth and Newark, and Newark Airport. 1001 New Hampshire was constructed with state-of- the-art Tilt Up Construction panels and offers 32 foot clear ceilings, multiple load- ing docks that are tailboard or drive-in, and an ESFR sprinkler system among oth- er energy efficient features. n
1001 New Hampshire Ave.
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Hillmann is pleased to announce the opening of our newest location serving the southern NJ & Philadelphia area. 309 Fellowship Road, Suite #200 Mount Laurel, NJ 08054 908.378.0070 Hillmann Consulting, LLC has been a well-recognized leader in the Environmental & Engineering Consulting industry since 1985. Our firm was originally established serving mainly commercial properties located in New York City, which is one of the most complex, highly regulated, aggressive markets in the country. This early experience afforded us the unique opportunity to design innovative environmental protocols that would later become the foundation on which we built our nationwide recognition. Hillmann is pleased to announce the opening of our newest location serving Southern NJ and the Philadelphia area: 309 Fellowship Rd., Suite #200 Mount Laur l, NJ 08054 P: 908.378.0070 Hillmann Consulting, LLC has been a leader in the Environmental & Engineering Consulting industry since 1985. Our firm was originally established serving mainly commercial properties located in New York City, which is one of the most complex, highly regulated, aggressive markets in the country. This early experience afforded us the unique opportunity to design innovative environmental protocols that would later become the foundation on which we built our nationwide recognition. Hillmann is pleased to announce the opening of our newest location serving the southern NJ & Philadelphia area. 309 Fellowship Road, Suite #200 Mount Laurel, NJ 08054 908.378.0070 Hillmann Consulting, LLC has been a well-recognized leader in the Environmental & Engineering Consulting industry since 1985. Our firm was originally established serving mainly commercial properties located in New York City, which is one of the most complex, highly regulated, aggressive markets in the country. This early experience afforded us the unique opportunity to design inn vative environmental prot cols that would later become the foundation on which we built our nationwide recognition.
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