M id A tlantic Real Estate Journal — Southern New Jersey — April 10 - 23, 2020 — 5B
www.marej.com
S outhern NJ
Underscoring continued demand for Ocean County industrial space Denholtz properties negotiates 15,368 s/f in lease deals at Toms River flex building T “There continues to be
Northampton Business Park features a highly accessible location, boasting easy access to the Garden State Parkway and Routes 9 and 70. Addi- tionally, the business park is nearby a wide variety of public transportation options as well as a number of banking, retail and restaurants options. The property boasts tre- mendous flexibility, accom- modating a wide variety of businesses from 1,000 s/f to 3,000 s/f and is currently home to a mix of light industrial, service and professional orga- nizations.
OMS RIVER, NJ — Denholtz Properties , a privately held, fully integrated real estate devel- opment and investment com- pany, announced it has negoti- ated 15,368 s/f in new leases, lease renewals and expansions at the Northampton Business Park at 1545-1575 Route 37 West in Toms River. New leases include Jack Guarnieri Service Co., Inc. for 2,000 s/f., Culture Posters, Inc. for 1,000 s/f, and Door Quest, Inc. for 1,010 s/f. Lease renewals include Design Alter- natives for 3,200 s/f, Garden State Garage Doors for 2,250 s/f, Accurate HVAC, LLC for 2,020 s/f, Unimetrix Corpora- tion for 1,600 s/f, The Thrifters for 1,288 s/f and Automated Concepts for 1,000 s/f. A 95,000 s/f office and ware- house development situat- ed in a campus-like setting; Northampton Business Park is strategically located in Ocean County's fastest grow- ing business corridor. Di- rectly off Route 37 West, The Tryko Partners continues skilled nursing expan - sion with Luther- an Crossings in Moorestown MOORESTOWN, NJ — Private equity investment firm Tryko Partners has ac- quired Lutheran Crossings at Moorestown, a 201-bed skilled nursing/63-unit assisted living campus in Moorestown. The property is slated for a two- phase, $12 million improve- ment campaign under the new ownership. Located at 255 E. Main Street, Lutheran Crossings provides post-hospital care, short-term rehab and long- term residential care within its skilled nursing compo- nent, which has been renamed Cambridge Rehabilitation & Healthcare Center. Its assist- ed living offering, rebranded as Cambridge Enhanced Se- nior Living, features a dedicat- ed memory care neighborhood. The bucolic, 14-acre campus sits in the heart of picturesque downtown Moorestown, 12 miles east of Philadelphia. The Lutheran Crossings campus has a rich history and is listed on the National Register of Historic Places.
strong demand for industrial space across the board, even for small to mid-sized busi- nesses,” said Christina Jor- dan, Director of Leasing at Denholtz Properties. “That high level of demand paired with a lack of supply through- out much of the New Jersey and Florida markets helps us maintain high occupancy at light industrial assets such as Northampton Business Park, which forms the backbone of our multi-tenant investment strategy across our entire portfolio.”
Northampton Business Park at 1545-1575 Route 37 West
P o s k a n z e r S k o t t A r c h i t e c t s 550 North Maple Avenue, Ridgewood, NJ 07450 201.445.2322 www.poskanzerskott.com
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