8B — February 14 - 27, 2020—Central New Jersey — M id A tlantic Real Estate Journal
www.marej.com
C entral NJ
dison, nj — NAI James E. Hanson has negotiated a 20,089 Summit Associates serves as landlord for 120 Fieldcrest Ave. NAI James E. Hanson’s Lundberg and Lennon negotiate 20,089 s/f industrial lease in Edison E in-demand industrial sub- markets in New Jersey, 120 Fieldcrest Ave. is a 106,000
Searching for industrial space to better serve the New Jersey market, Vertex Distri- bution was attracted to 120 Fieldcrest Ave.’s functionality, accessible location and visibil- ity along major transportation routes, which made it an ideal facility for the company to re- locate their operations. “Spillover from the Port market and outer-borough markets continue to drive strong leasing activity in in- dustrial submarkets to the south, including secondary markets such as the Exit 10/12 submarket,” said Lundberg. “As demand for industrial space holds steady, companies searching for high visibility and proximity to these large international transportation hubs will continue to flock to highly accessible and function- al facilities like 120 Fieldcrest Ave. to meet their warehous- ing and distribution needs.” Fisch&Reistrom of Greek Dev. rep. landlord in 2,428 s/f lease 11 Harts Lane EAST BRUNSWICK, NJ — Greek Development announced that ELITE Fit- ness Alliance, L.L.C., signed a long term commitment for 2,428 s/f of warehouse space located within Highview Industrial Park at 11 Harts Lane, East Brunswick. ELITE Fitness Alliance’s training style incorporates the right amount of strength training with conditioning and endurance work to en- hance their client’s fitness and help them achieve their goals. Located 1 mile from NJ Rte. 18 and only 1.3 miles away from Exit 9 of the NJ Tpke., Highview Industrial Park, leased and managed by Greek Development, is 1.2 million s/f, comprised of 26 buildings. RE/MAX First Realty’s Jane Mueller represented ELITE Fitness Alliance in the transaction, while Jason Fisch and Patrick Reis- trom of Greek Development represented the landlord.
s/f industri- al building a t o p 6 . 6 4 acres. Zoned for light in- dustrial, the p r o p e r t y i s h i g h l y adaptable to a diverse mix
s/f lease at 120 Fi e l d - c r e s t Ave . in Ed i son . NAI James E. Hanson’s K e n n e t h Lundberg, SIOR , and P a t r i c k
Kenneth Lundberg
Patrick Lennon
of industrial users, including tenants ranging from a ma- rine spill response corporation (MSRC) to an alcoholic bever- age wholesaler.
Lennon represented the ten- ant, Vertex Distribution, in the transaction with the land- lord, Summit Associates . Situated in one of the most
120 Fieldcrest Ave.
VI S ION
For purchase, construction or refinance, our Stress-Free Commercial Real Estate Loans can make your ideas reality. Contact us for details.
800-273-3406 • kearnybank.com
Made with FlippingBook - Online magazine maker