6B — February 9 - 22, 2018— Central New Jersey — M id A tlantic
Real Estate Journal
www.marejournal.com
C entral N ew J ersey
Largest & highest value newdeal: HD Supply, rep. by Barton, new long-term lease in Edison Heller Industrial Parks completes +/- 4 million s/f of Leases In 2017
E
historically remained at full occupancy throughout past market cycles. So, the cur- rent market conditions have not increased occupancy, but have helped us achieve new rent levels,” said Brian Ban- aszynski , president of Heller. The f o l l owing brokers worked with Heller’s in-house leasing team of David Paster and Fred Kurtz in 2017: • JLL: Joel Lubin, Todd Burnette • C&W: Jason Barton, Dan Badenhausen, Jerry Bline- bury, Leah Balerno • CBRE: Steve Beyda, Pat
transactions include: Largest and Highest Value New Deal: HD Supply, repre- sented by Jason Barton, new long-term lease in Edison Largest Renewal: Omega Logistics Group, represented by Joel Lubin, renewed in Edison “The US economy contin- ued its expansion, reaching the third-longest in history as of 2017. Even with new buildings under construction, overall supply could not keep up with the demand from e-commerce, businesses in general redoing their supply
Gladstone joins NAI DiLeo-Bram & Co. as director of capital markets PISCATAWAY, NJ — NAI DiLeo-Bram & Co. announced that Frederick Gladstone has joined the firm as director of capital markets. The hire represents the addition of a commercial lending veteran as the firm continues to grow. Gladstone comes to NAI DiLeo-Bram & Co. with a distinguished career in New Jersey commercial lending. He began his career in 1999 with Commerce Bank where he successfully completed the Bank’s commercial cred- it underwriting program. Through-out his career he has been on both the under- writing and sales sides. Most recently he was VP of com- mercial lending at Berkshire Bank in Kingston. “Fred will be a great addi- tion to our team. He will help our clients with their financ- ing needs and represent their interests in getting the best possible terms. Fred will be an additional resource to our existing structure. He has a great deal of experience in lending for Real Estate as well as lending to businesses, so he can be an asset to both tenants and owners.” said Rob DiLeo , principal of NAI DiLeo-Bram. n About Heller Industrial Parks I. Heller Construction was founded by Isaac “Ike” Heller in 1966, who later found- ed Heller Industrial Parks. Based in Edison, NJ it is a full-service privately-held firm that develops, owns, leases and manages its own portfolio of over 15 million square feet of modern distri- bution and logistics buildings nationwide. Heller’s sites are strategically located with superior truck, rail and port access. n chains, and increased port traffic,” said Banaszynski. “Due to very tight market conditions, tenants and bro- kers are contacting us well ahead of lease expirations or target occupancy dates, as well as signing longer term leases. Barring any major unexpected macro events, we expect this trend to continue through 2018.”
DISON, NJ — Heller Industrial Parks , one of the nation’s largest
Lafferty • Sitar: WilliamSitar, John Cranley • NAI Hiffman: Steve Con- nolly • NAI Mertz: Scott Mertz • Weichert Commercial: Tony Baseil • Blau & Berg: Charles Kavanaugh • Bussel Realty: Jordan Metz, David Blitt, Bob Sager • Fisher & Company: An- drew Henry • AJR Commercial: Art Reinitz Highlights of this year’s
p r i v a t e l y - held distri- bution cen- t er owner / ma n a g e r s , announc ed that it com- p l e t e d 3 2 transactions involving +/-
SUGGESTED AD FOR MID-ATLANTIC REAL ESTATE JOURNAL 2/2/18 COPY DEADLINE
Brian Banaszynski
4 million s/f in 2017. “Tenants continue to seek out well- located and well-managed properties at very competitive rents. Heller’s portfolio has
EDISON NJ TPKE EXIT 10 133,177 SF IMMEDIATE OCCUPANCY n 22 DOCK DOORS n 28’ CLEAR HEIGHT n 6,112 SF OFFICES n TURNPIKE FRONTAGE CENTRAL & NORTH NJ
FOR LEASE
KEARNY NJ TPKE EXIT 15W 21,620 SF TRUCK TERMINAL 7 MILES TO PORTS! APRIL 1 OCCUPANCY H IGHWAY F RONTAGE n 20 CAR PARKING SOUTH BRUNSWICK 4,928 SF OFFICES
EDISON NJ TPKE EXIT 10 83,458 SF IMMEDIATE OCCUPANCY n 12 DOCK DOORS n 26’6” CLEAR HEIGHT KEARNY NJ TPKE EXIT 15W 28,886 SF MARCH 1 OCCUPANCY n 10 DOCK DOORS n 19’ CLEAR HEIGHT n 2,848 SF OFFICES n 7 MILES TO PORTS n 4 MILES TO NYC n 4,326 SF OFFICES n 600 AMPS 3 PHASE
WE LEASED 3.9 MILLION SQUARE FEET IN 2017!
n NEW PAVING n NEW OFFICES n NEW ROOF
Lease with the
Market Leader
732-287-4880
Heller Industrial Parks - 205 Mill Road, Edison, NJ 08837
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