14A — January 2025 — New Jersey — M id A tlantic Real Estate Journal
www.marej.com
N ew J ersey
Pelio secures dual leases for Azarian Realty Co.
MIG leased 54,078 s/f at 1501 W. Blancke St., Linden Metz Industrial Group at BRC closes 3 industrial deals in NJ
NORTHERN, NJ — Azar- ian Realty Co. announced its latest transactions: Creat ive
L
INDEN, NJ — The Metz Industrial Group of Bussel Re-
Salon Studios has signed a lease at Plaza K Shopping Center in Metuchen, NJ. Plaza K is a 27,555 s/f two-story
Plaza K
alty Corp. (BRC) has closed three leasing trans- actions total- ing 79,778 s/f of industrial space and one acre of out- side indus- trial storage and parking in Linden. The Metz Industrial Group is comprised of Jordan Metz , senior VP, Ben Ab- bate , senior associate, and James Friel , sales associate. MIG leased 54,078 s/f at 1501 W. Blancke St.
Kevin Pelio
Fieldstone Park Shopping Center its signed lease with Better Homes and Gardens Real Estate at Fieldstone Park Shopping Center in Ringwood. Better Homes and Gardens Real Estate will occupy a 1,440 s/f space. Better Homes and Gar - dens Real Estate is a resi- dential real estate agency that prioritizes their cli- ents on their homeowning journey. Better Homes and Gardens Real Estate joins other tenants in the center including the newest tenant The Fresh Grocer, Subway, Dairy Queen, and more. Pelio represented both the landlord and the tenant in this transaction. MAREJ
shopping center consisting of eight tenant spaces ranging in size from 1,600 s/f to over 4,800 s/f. Creative Salon Studios will occupy a 5,545 s/f space. Creative Salon Studios is a full-service private salon suite business that is subdivided and leased to salon professionals and other professions in the beauty and wellness industry. Their upcoming occupancy in Plaza K Shopping Center will be their first location. Kevin Pelio of Azarian Re- alty Co. represented both the landlord and the tenant in this transaction. Azarian Realty Co. is the leasing and property management agent for Plaza K Shopping Center. Azarian Realty Co. announced
Jordan Metz
short walking distance to the Linden NJ Transit rail sta - tion. With MIG’s deep reach and market knowledge of the Linden industrial market, we were able to coordinate this new lease to commence within 15 days of the prior lease ex- piring at the property.” MIG leased 8,000 s/f and one acre of outside industrial storage and parking at 3401 Tremley Point Rd., Building D in Linden to PK Mechani - cal Services. MIG represented the landlord, 5GJM LLC, and Sitar Realty represented the tenant in the transaction. “We are pleased to have signed a lease renewal with PK Mechanical at 3401 Trem- ley Point Rd.,” said Metz. “The site continues to serve as a strategic geographic location to serve its customer base in the region. This transaction underscores the continued strength of smaller low-cover- age properties which feature functional warehouse/shop space with excess IOS land for outdoor storage/fleet parking in the region.” MAREJ
property in Linden, NJ,” said Metz. “This remaining 54,000 s/f unit includes refrigera- tion/freezer, floor drains, and food production space. With the significant growth of the food and beverage industry, demand within the industrial real estate markets has grown in tandem, and projections are indicating even further growth in the years to come within this sector. This has resulted in a substantial lack of compa- rable available product on the market with the needed exist- ing infrastructure to cater to this specialized tenant base.” MIG leased 17,700 s/f at 1010 West Elizabeth Ave. in Linden to Momentum Mavens Inc. MIG represented the land- lord, BF Trading LLC , and Anju Realty represented the tenant in the transaction. “We are pleased to have rep- resented our long-term client and property owner, BF Trad - ing, in this full-building lease of 17,700 s/f to Momentum Mavens,” said Metz. “Located in the immediate proximity of I-95 and Rtes. 1-9, as well as a
Ben Abbate
James Friel
in Linden to Golden Plat - ter Foods Inc., bringing the property to 100% occupancy. MIG represented the landlord, Link Logistics Real Estate, a Blackstone portfolio com- pany, in the transaction. The tenant was represented by Pantheon Properties . “We appreciate the long- standing relationship with our client, Link Logistics, and their confidence in entrusting us with the lease-up of this 115,000 s/f infill industrial
The Hampshire Companies unveils Ora
HACKENSACK, NJ — Executives from The Hamp- shire Companies were joined by their project partners in- cluding Russo Development , a northern New Jersey-based developer; Riverbank Man- agement LLC , a professional services firm based in Hacken - sack; and Hackensack Mayor John Labrosse and Deputy Mayor Kathleen Canestrino, to celebrate the ribbon cutting for Ora, a mixed-use com- munity with new studio, one and two bedroom residences located at 321 Main St. Standing seven stories tall at the intersection of Main and Berry Sts. in downtown Hack - ensack, Ora is the city’s new- est residential offering with grand opening incentives that include 1 month free. Ora is managed by Russo Property Management , a subsidiary of Russo Development, ensuring top-tier on-site service. Designed by MVMK Ar- chitecture , each apart- ment is thoughtfully crafted to suit the needs of today’s residents, featuring 10-ft. ceilings, oversized windows, in-home washer and dryer, luxury plank flooring and pri - vate terraces in select homes. The kitchen boasts stainless steel appliances and quartz
Ora countertops, while the bath- room is accented by porcelain tiled floors and full-height ceramic tiled walls. Ora’s downtown location affords convenient access to a growing array of entertain- ment, shopping, and dining options. Plus, the communi- ty’s nearly 9,000 s/f of ground- level retail space is an oppor- tunity for additional shopping and dining experiences right at residents’ doorsteps. “More than 100 years ago, our family’s real estate jour- ney began just blocks from here in Hackensack,” said James E. Hanson II , presi- dent & CEO of The Hampshire Cos. “With the opening of Ora, we are proud to build on our century-long commitment to Hackensack and look forward to welcoming residents to ex- perience all that makes this city so special.” MAREJ
International Metals Company renews 4,818 s/f office lease at Alfred Sanzari Enterprises’ Glenpointe in Teaneck, NJ
TEANECK, NJ — Alfred Sanzari Enterprises an- nounced a lease renewal with Auramet International, Inc. for a 4,818 s/f office space at the Glenpointe corporate campus in Teaneck. Auramet Interna- tional has been headquartered at Glenpointe since 2013. Chris DeLorenzo , VP and director of leasing and market- ing and Carolina Gutierrez , manager of leasing and market- ing represented Alfred Sanzari Enterprises in the transaction while Jason Fray , managing principal of Cresa , represented the tenant. “With its great amenities, convenient location, and strong sense of community, Glen- pointe remains the perfect home for our company,” said
Glenpointe
dual-branded hotel. The cam- pus’ strategic location at the intersection of Interstate 80 and the New Jersey Tpke. offers direct access to Midtown Man- hattan via the nearby George Washington Bridge. Beyond its location, Glenpointe is enhanced by an extensive amenity pack- age headlined by Marketplace, An Urban Eatery. MAREJ
James Verraster , CEO of Auramet International. “We’re excited to extend our lease, continue our relationship with Alfred Sanzari Enterprises and remain part of Glenpointe’s vibrant community.” Glenpointe comprises over 670,000 s/f across four intercon- nected office, amenity and hotel buildings, plus a standalone,
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