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Mid A tlantic R eal Estate Journal — New Jersey — May 11 - 24, 2012 — 29A
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EW BRUNSWICK, NJ — Sperry Van Ness | Richter Grusd Also complete 73,000 s/f lease at 601 Prospect Street in Lakewood Richter | Grusd of Sperry Van Ness close $3.268m ind. building located in New Brunswick & Lakewood N
ers and importers of dispos- able and janitorial products, signed a long term lease for 73,000 s/f. The tenant will be consolidating their warehouse operations from Brooklyn, New York and Edison, New Jersey into this property. No other brokers were involved in the transaction. Managing Directors Doug Richter and Ian Grusd were both named Top 20 Advisors in the US by Sperry Van Ness International (SVNI) out more than 800 advisors nationwide. Additionally, a recent survey from The Lipsey Company reports that Sperry Van Ness was named as the 10th most recognized brand in commer- cial real estate nationwide. n
announced the closing of two industrial transactions total- ing 245,000 s/f. The New Jer- sey industrial properties are located at 122 QuentinAvenue in New Brunswick and 601 Prospect Street in Lakewood. 122 Quentin Avenue is a 172,000 s/f industrial building that was sold for $3.268 mil- lion. The sellers, 122 Quentin LLC, are New York-based real estate investors and were rep- resented by Doug Richter and Ian Grusd, managing directors of Sperry Van Ness | Richter Grusd. The buyer, Healthy Food Brands, was represented by Ed Horne and Marty Krei- MONROE TOWNSHIP, NJ —Matrix Development Group announced that W.W. Grainger has signed a 101,944 s/f expan- sion agreement at 16 Apple- gate Dr. within the Northeast Business Park. The industrial supply company now occupies a total of 187,185 s/f at the building, which is located just one mile from the Exit 7A interchange of the New Jer- sey Turnpike. Approximately 295,000 s/f of space is cur- rently available for lease at the building. Vice president James Mur- ray served as in-house rep- resentative for Matrix in the transaction, while CBRE Vice President Stephen Salomon represented W.W. Grainger, North America’s leading broad-line supplier of main- tenance, repair and operating products. “Matrix and W.W. Grainger have a long-established busi- ness relationship that start- ed when Matrix constructed a building for the company at Exit 8A,” stated Murray. “WhenW.W. Grainger outgrew that building, they turned to Matrix to build a larger facility at Exit 7A and Matrix subse-
man of HKCommercial Realty Advisors. “Healthy Food Brands is an international marketer of ‘better for you’ confections and chocolate including candies that are manufactured under the Angry Birds and Sunkist brands,” says Richter. “They are moving from Commack, New York and plan to create more than 250 new jobs in Doug Richter and Ian Grusd
122 Quentin Avenue, New Brunswick
Lakewood, CrystalWare LLC, one of the largest manufactur-
New Jersey.” At 601 Prospect Street in
CBRE vice president Stephen Salomon represented lessee Murray of Matrix Development Group signs W.W. Grainger to 101,944 s/f expansion at 16 Applegate Drive
16 Applegate Dr.
quently purchased the Exit 8A building. With this latest transaction, we are continuing our track record of helping to support the company’s growing operations.” With a prime location within a ForeignTrade Zone, 16Apple- gate Drive is a state-of-the-art
facility situated off the New Jersey Turnpike and less than one-quarter mile from Exit 7 of Interstate 195, the primary east-west artery within this region. The site offers tre- mendous visibility and access to the major freight-moving roadways in the Northeast,
with direct routes to NewYork City, Port Elizabeth and New- ark Airport; the Philadelphia docks and airport. The building has a 36-foot clear height, plentiful door positions, trailer parking, and an Early Suppression Fast Response (ESFR) fire suppres-
sion system. Other companies on the tenant roster include Lifetime Brands, Inc., Sleepy’s and several other regional operators. The Northeast Business Park is contiguous to Matrix Business Park at 7A, Matrix’s premier 480-acre industrial park. n
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