12-14-18

Real Estate Journal — New Jersey — December 14 -27, 2018 — 3B

www.marejournal.com

M id A tlantic

N ew J ersey

EWARK & SOUTH HACKENSACK , NJ — Greg Sho- NAI James EHanson reps. Alfred Sanzari in two leases Team Resources represents landlord in 42,500 s/f lease N

New Warehouse Construction at the Award-Winning Haines Center

lom & Ron Sholom , along with David Cantor leased +/- 42,500 s/f at 170 Passaic St. a.k.a. 158 – 262 Passaic St. in Newark to Henkels & McCoy, an engineering and construction contrac- tor that designs, builds and maintains infrastructure for the utility and telecom- munications market. “H&M wanted a facility with a large yard, centrally located to a number of ongoing projects,” said Greg Sholom, “And this fit the bill perfectly.” Team Resources represented the landlord, while Paris Realty represented the tenant in this transaction. Eric Lewin , senior execu- tive VP completed two lease deals for L&W Supply Corp. The first one, a lease renewal of +/- 32,000 s/f at their cur- rent location of 14 Central Blvd. in South Hackensack. Kislak’s Scatuorchio and Kossak orches- trate $1,885m sale NUTLEY,NJ — TheKislak Company, Inc. , announced the sale of a mixed-use build- property with sales associate Tom Scatuorchio handling the assignment. Sales associate Michael Kossak represented the purchaser. Both the seller and purchaser are private investors. “This is the second sale that I handled for this longtime owner,” said Scatuorchio. “After discussions about the evolving market and potential interest rate increases, the owner rec- ognized it was an ideal time to sell. Our marketing efforts generated a great deal of in- terest among investors, and ultimately the owner proceeded with the purchaser that had submitted the highest and best offer.” “When we market a quality building like this one in a desir- able town such as Nutley, we attract significant interest from investors,” added Kossak.  Tom Scatuorchio ing in Nutley wi th seven res i dent i a l units and five retail spaces at 381 Centre St. for $1.885 million. Kislak mar- k e t e d t h e

600 RICHARDS RUN, BURLINGTON, NJ AVAILABLE FOR LEASE

• 310,960 square foot state-of-the-art, single-tenant warehouse • Concrete tilt-up construction complete end of 2018 • 36’ clear height, ESFR sprinkler, LED lighting

25 Empire Boulevard

In addition, L&W leased an additional +/- 32,000 s/f building located at 25 Empire Blvd. in South Hackensack, adjacent to their current facility. Team Resources represented the tenant in both property transactions,

while NAI James E Han- son represented the land- lord, Alfred Sanzari Enter- prises . “The expansion will give L&W the much needed breathing room to accommo- date the high demand for the coming years,” said Lewin. 

• 126+ parking stalls (expandable to 259), 66 dock doors, and 87 trailer stalls • Direct immediate access to NJ Turnpike Exit 6A and PA Turnpike Interconnector

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