6B — February 14 - 27, 2020—Central New Jersey — M id A tlantic Real Estate Journal
C entral NJ
Fern of Cushman & Wakefield represent landlord Knapel, Cantor and Sholom of Team Resources broker long-term lease of 73,310 +/- s/f in Somerset S
omerset, NJ — Da- vid Knapel , VP, along with David Cantor , CEO and Greg Sholom , presi- dent brokered a long-term lease of 73,310 +/- s/f at 50 Jiffy Rd. in Somerset with Histrong America, a manufacturer of vinyl flooring. “Histrong, moved some production to the U.S. from China in order to be able to be more responsive to its expanding North American customer base,” said Knapel. TeamResources represented tenant in this transaction, while Charles Fern of Cush- man&Wakefield represented the landlord. 50 Jiffy Rd. is
Micropack,” said Lewin, Sr.. Team represented the landlord in this transaction while Alex Yim of Kingstone Realty rep- resented the tenant. Property highlights include 800 s/f of of- fice space, 15’ ceilings, a loading dock and off-street parking.
Also brokered by Lewin, Sr., this time with Stacey Wellins was 10,000 +s/f at 277 Lodi St. in Hackensack to Micropack, Inc., an appliance distributor. “The building’s close proxim- ity to highways made this property a logical choice for Bridgewater, NJ — Denholtz Properties an- nounced the acquisition of a 26,000 s/f industrial building at 6W Chimney Rock Rd. in Bridgewater. The building is fully leased to UPS, serving
Denholtz Properties' Hurlbut facilitates 26,000 s/f acquisition in Bridgewater
a single story, single tenancy building featuring 10 loading docks, a Dr.-in dock and 20’ ceilings. Eric Lewin, Sr. executive VP consummated a lease re- newal at 21-25 Riverside Dr. in Pinebrook for two spaces totaling just over 27,000 s/f of
warehouse to TeaWolf, LLC, a natural based extract company supporting the food, beverage and nutritional supplement industries. In this transaction, Team represented the tenant while Scott Deutchman of American Properties repre- sented the landlord.
as a truck maintenance facil- ity and customer care center. Located in the heart of
S o m e r s e t County, the Br i dgewa - t e r Bu s i - ness Park is made up of 16 flex/ i ndus t r i a l b u i l d i n g s t o t a l i n g
380,000 s/f. With the acquisi- tion of 6W, Denholtz Proper- ties now owns 12 buildings in the park comprising 290,163 s/f at 6W-10WChimney Rock Rd. and 24E-30EKearney St. The purchase of 6W Chim- ney Rock Rd. was financed by Provident Bank , as a part of an overall refinanc- ing of Denholtz Properties’ Bridgewater Business Park portfolio. The Bridgewater Business Park features a wide variety of industrial/flex spaces with ideal accessibility to Inter- state 78 as well as the Gar- den State Parkway. Located directly along Route 22, one of the state’s busiest retail corridors, the complex is situated less a quarter mile from the newly constructed Chimney Rock Crossing, a 218,000 s/f retail center an- chored by Whole Foods. “Somerset County’s strong demographics and highway accessibility continue to make it one of the state’s most attractive flex mar- kets,” said Stephen Cas- sidy , president of Denholtz Properties. “Through the acquisition of this fully stabi- lized asset, we have success- fully grown our presence in this in-demand market and have positioned this portfo- lio for continued long-term strength over the coming years.” Kristine Hurlbut of Den- holtz Properties represented Denholtz Properties and Marcus & Millichap rep- resented the seller in the transaction.
EXCLUSIVE PROPERTIES FOR SALE
Upper Darby, PA 10,338 Acres Matt Weilheimer ext 272
Darby, PA Redevelopment Property Matt Weilheimer ext 272
Evesham, NJ 4.697 AC for 160 Units Justin Lupo ext 225
Newark, NJ 10 Units + 6 Retail Julie Gralla ext 224
Newark, NJ 33 Units - 2 Buildings Michael Salomon ext 243
Red Bank, NJ Rtail, Residential, Office Daniel Lanni ext 248
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