Real Estate Journal — October 11 - 24, 2019 — 3A
www.marej.com
M id A tlantic
M id A tlantic R eal E state J ournal
ARREN, NJ — Lee & Associates New Jersey , a New Jer- Newmark Knight Frank’s Drummond, Perrotti and Reider represent KRE Group Lee&Associates' LynchSIOR&RasmussonCCIM of Lee & Associates NJ arranges 35,312 s/f lease W tional visibility for building signage along Rte. 78.
tenant. Newmark Knight Frank’s Jamie Drummond, Andrew Perrotti and Dan Reider represented KRE Group . “Our recent acquisition of the HyCo business assets unit from Linde required us to find a larger space,” said Stephen Stroud, executive vice presi- dent and general counsel at Matheson Tri-Gas. “While we were offered many attractive proposals, 3 Mountainview Rd. addressed all of our needs at the best price.” The class A 105,000 s/f three-story building features high ceilings, underground covered parking and excep-
“We are thrilled to com- mence our re-tenanting ef- forts of 3 Mountainview with Matheson Tri-Gas’ lease of the entire top floor,” said Justin Gingeleskie , director of leas- ing for KRE Group. Mr. Gin- geleskie also noted that the improvements to the common areas and grounds are expect- ed to be completed by year end and include a complete reno- vation of the building’s lobby, cafeteria, and the addition of a 75-person common conference facility as well as a new fitness center. The landlord is also expanding on-site parking.
sey based full-service indepen- dent commercial real estate firm, announced it has bro- kered a 35,313 s/f long-term lease agreement on behalf of Matheson Tri-Gas for the top floor at 3 Mountainview Rd., Warren. The new building, which sits alongside Rte. 78, was most re- cently occupied in its entirety by Chubb Corp. The owner of the property, KRE Group, is planning major renovations to the property as part of its plan to attract multiple office limitedly effective. Instead of using barriers that worsen the quality of the space, we should think about the quality of space we are protecting and in- tegrate aesthetically pleasing barriers into the environment that actually blend in and keep it picturesque – compli- menting instead of spoiling. Remember, no one wants se- curity to be a tax, even if it’s only a visual burden. Having ugly concrete jersey barriers right next to you while sipping your Brunello di Montalcino at an outdoor café table doesn’t project the atmosphere we are trying to achieve; however, flower planters, benches, light poles, bicycle racks, trash bins and the like that have been crash tested and proven effec- tive against vehicle-ramming threats can enhance the atmo- sphere instead of hindering it. Recently, Stefano Boeri, Architect was cited by Dezeen Magazine as saying, “Cities should be redesigned to in- clude trees with bulky plant- ers rather than concrete barri- ers to prevent vehicle attack”. He went on to say, “A big pot of soil has the same resistance as a Jersey (modular concrete barrier), but it can host a tree – a living being that offers shade; absorbs dust, CO2 and other subtle pollutants; and provides oxygen and a home for birds”. We agree. Additionally, a different mindset is needed for spaces were pedestrians and “au- thorized vehicles” circulate. Besides having effective pe- rimeters that control access to “authorized” vehicles we need to go beyond the secured continued from page 2A Can the ramming- vehicle threat . . . continued on page 18A
3 Mountainview Rd
tenants. Matheson Tri-Gas is a major domestic and inter- national supplier of industrial gases.
Brian Lynch SIOR and Peter Rasmusson CCIM from Lee & Associates New Jersey represented the
$2.03 Billion 15,814 Units Connecticut • Kentucky • Michigan • New Jersey • New York North Carolina • Ohio • Pennsylvania • South Carolina • Virginia Recent transactions totaling more than
Private Investors
Principals: Marc S. Solomon • Mark S. Rosen Zach Solomon • Andrew Rosen 92 River Road, Summit, NJ 07901 Solomonorg.com 908.988.1000
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