B — October 11 - 24, 2013 — New Jersey — Mid Atlantic Real Estate Journal
www.marejournal.com
N ew J ersey
Located in Heller Industrial Park Baseil of Weichert renews 159,000 s/f industrial lease
E
dison, NJ — John Udell , president of Weichert Commercial
ing built in 1998. Baseil rep- resented the tenant, Apparel Distribution, Inc, a warehouse and logistics company and long time client of Baseil. The space serves as their corporate headquarters.
“We are pleased to congratu- late Tony on the completion of this transaction”, said Udell. “The size of this transaction is true testament to Tony’s posi- tion as one of the leaders in the industrial market.” n
Brokerage , Inc. pleased to announced that senior v i ce pres i - d e n t , An - thony Ba- seil recently renewed the l ease on a 159,000 s/f industrial prop- erty. The property located in Hell- er Industrial Park , 45 Saw Mill Pond Road in Edison is a single story warehouse build- Anthony Baseil
Jones Lang LaSalle’s Knee and Chroman arrange 158,000 s/f purchase
Teterboro,NJ — Jones Lang LaSalle recently repre- sented Forsgate Industrial Partners LP in the company’s purchase of 125 North St. in Teterboro. The private real estate developer and inves- tor acquired the 158,000 s/f
light industrial building from Global Experience Specialists Inc., a division of Viad Corp. JLL’s David Knee , manag- ing director, and Blake Chro- man , senior vice president, represented Forsgate in this off-market transaction. The seller, Viad, was represented by its in-house real estate team. “I have always thought this was a terrific site, primarily because of its size and loca- tion,” said Chroman. “Fors- gate was an ideal buyer for the property, given that the firm owns many buildings in the area. Forsgate’s experi- ence, market knowledge and dealmaking abilities enabled the firm to get through the contract and due diligence pro- cesses quickly. I believe this was a successful transaction for both parties.” n WALDWICK, NJ — NAI James E. Hanson represented Splash Park, LLC in the sale of a 10-acre complex located at 140 Hopper Ave. in Waldwick. Acquired by HFZ Partners, the complex features four build- ings and 145,465 s/f of rentable space occupied by 13 well- known tenants that specialize mostly in athletic training and sport equipment sales. Vice president Hal Messer and associate vice president Dominic Fittizzi led the NAI Hanson team that completed the transaction. “The buyer made an excellent investment with the purchase of this property, essentially acquiring a stream of income,” Fittizzi said. “This complex has a 100 percent occupancy rate and all tenants have long-term leases, meaning there is mini- mal operational risk.” Key tenants include Unlim- ited Sports LLC, operator of Superdome Sports, The Learn- ing Experience, Greenhouse Golf, Hoop Heaven and Excel Orthopedic Rehabilitation. n NAI Hanson reps. Splash Park, LLC in sale of 10 acres
1,600,000 SF
To Be Built Dayton, NJ (732) 287-4880
Lease with the
Market Leader
205 Mill Road, Edison NJ 08837 (732) 287-4880
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