S HOPPING C ENTERS N EW J ERSEY
Mid Atlantic Real Estate Journal — New Jersey — March 15 - 28, 2013 — Section B
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Waxman, Lissner and Nitti represented the landlord, RREEF Management Corpuel of CBRE completes 97,453 s/f lease at 2 Colony Road in Jersey City J Nitti represented the land- lord, RREEFManagement, LLC.
ERSEY CITY, NJ — CBRE recently complet- ed an industrial lease transaction totaling 97,453 s/f at 2 Colony Rd. CBRE’s first vice president, Matthew Corpuel complet- ed the transaction on behalf of the tenant, Premier Motor Lines, Inc., while executive vice presidents Bill Waxman and Mindy Lissner and first vice president Nicholas
Premier Motor Lines is a third-party warehousing and logistics company that pro- vides food grade warehous- ing, brokerage, and private fleet service to New York, New Jersey, New England and Eastern Pennsylvania. “We were able to lease the building at a strong market
APRIL 12 - 25, 2013
2 Colony Rd. in Jersey City
rent with only one month of vacancy,” said Corpuel. “That really speaks to the strength of the port industrial mar- ket. Additionally, the ten- ant was able to phase in to the building, thus avoiding
double rent at their current location.” The 262,000 s/f warehouse facility is located on an 11.48- acre tract of land and was built in 1976. The building has 24-foot ceilings, 40 available
trailer parking spaces and an active rail. Tenants have convenient access to the New Jersey Turnpike, Route 78, Newark Liberty International Airport, and the Ports of New- ark and Elizabeth. ■
HI-LIGHTS
Klein of Kay Realty facilitates 495,000 s/f leasehold for tenant
Giordano of Jones Lang LaSalle represents tenant Cushman & Wakefield brokers 78,000 s/f class A office deal
LamCloud Management, LLC has begun the conver- sion of One Farr View Dr., formerly known as One Con- tinental Drive, into a new breed of collaborative center for technological innovation in Cranbury. See page 3B.
TEANECK, NJ — Univi- sion Communications, Inc., has expanded its long-term lease at Glenpointe by 10,000 s/f, for a total occupancy of 78,000 s/f, at the class A office campus, announced commer- cial real estate services firm Cushman & Wakefield, Inc. Univision, a Glenpointe tenant for more than 15 years, main- tains broadcasting studios and offices at the property. They were represented in the trans- action by J.C. Giordano of Jones Lang LaSalle . Alfred Sanzari Enterprises devel- oped and continues to own and operate Glenpointe. “Univision’s growth commit- ment is one of several transac- tions – including new leases, renewals and expansions – that have closed at Glenpointe during the past few months,” Richard Baumstein said. “Sanzari’s stability as a land- lord and long-term mission to make this property a great place to do business, coupled with the campus location and
NAI Hanson’s Fittizzi brokers $499,000 sale in Hackensack
NAI James E. Hanson has completed the sale of a retail building at 269 Main Street in Hackensack. In a 1031 exchange, Diwan 168, Inc. acquired the 5,000 s/f property. See page 8B.
Glenpointe
amenities, are why companies choose to locate here. The fact that they opt to stay and grow at the property as well pro- vides further testament to its quality.” Glenpointe Centre, with its unique combination of 650,000 s/f of cutting-edge classAoffice space and on-site amenities, is a Tri-State regional hub and home to a broad range of local, national and interna- tional companies across all industries. The Cushman&Wakefield
team of Richard Baumstein, Marc Graham and Chris- tian Politan marketed the property. Glenpointe Centre continues to grow – all approvals are in place for the new 230,000- square-foot class A Glenpointe Centre South, offering energy- efficient design and extraor- dinary visibility and signage opportunity along heavily traveled I-95. The Cushman & Wakefield team is also cur- rently marketing Glenpointe Centre South. ■
ALSO INSIDE:
G UEST C OLUMNIST : S TUART B ERGER , CPA............... 2B S OUTHERN N EW J ERSEY S POTLIGHT .......................5-7B P EOPLE ON THE M OVE .............................................10B ICREW NJ O RGANIZATION .....................................12B
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