10B — May 15 - 28, 2015 — New Jersey — M id A tlantic
Real Estate Journal
www.marejournal.com
C entral N ew J ersey
Jeffrey Miller of Lee & Associates represents buyer CenterPoint Properties announces the acquisition of a 386,296 s/f industrial facility
L INDEN, NJ — Cen- terPoint Properties proudly announces the acquisition of a 386,296 s/f port-proximate industrial facility at 1800 Lower Rd., Linden. Jeffery Miller of Lee & Associates repre- sented CenterPoint in the transaction. CenterPoint has acquired 23 properties in New Jersey since entering the market in 2010, proving a strong commitment to the region. The fully leased distribu- tion facility is situated on ap- proximately 18 acres of land, with unparalleled trailer
cess to major highways and population centers. Our ex- pertise in identifying logisti- cally-advantaged properties, restoring the facilities, and executing professional and ef- fective property management, enhances the user experience, aiding our company’s vision of a national presence sup- porting the real estate needs of our current and future tenants.” The property is located within seven miles of the Port of New York/New Jersey and features 600 car parking (ex- pandable), 30’ clear height, 59 docks, 6 drive-in doors and is
storage capacity, which has proven to be a unique asset in this market. The facility features exceptional access to Rte. 1 and 9, the major truck routes in New Jersey, and easy accessibility to the I-95 turnpike, Garden State Parkway and I-287 Corridor. “We are excited about the growth potential the facility lends to support our mission of investing in port-related products,” said Jed Degnan , vice president, investments of CenterPoint. “We are find- ing that users are in need of industrial space strategically located with immediate ac-
1800 Lower Rd.
configured to suit the needs of an e-commerce tenant. Currently, the facility is leased toWaitexGroup, which is a worldwide conglomerate of companies focusing on sup-
CENTRAL NJ — David Dunkelman of Soloff Re- alty & Development, Inc. (“SRD”) represented The UPS Store in multiple leases in New Jersey. The UPS Store boasts more than 4,400 franchise locations across the United States, Canada and Puerto Rico, each locally owned and operated. The UPS Store recently signed a 10-year lease for 1,520 s/f of retail space at the strip center located at the traffic-lit intersection of 10 Main St. in Woodbridge, NJ, joining PNC Bank, OneMain Financial, Subway, and other regional retailers. A 5-year lease was signed by The UPS Store for 1,250 s/f of retail space at Framer’s Plaza, located at the intersection of Collins Road andWillowRoad in Maple Shade, NJ. Other tenants include H&R Block, Subway, Asian Cuisine, and A&M Mattress Warehouse. The UPS Store also signed a 10-year lease for 1,823 s/f of retail space at Concordia Shopping Center, located adjacent to the intersection of Prospect Plains Rd. and Perrineville Rd. in Monroe Township, NJ. This Stop & Shop-anchored center is also tenanted by Wells Fargo Bank, Liberty Mutual Insur- ance, Verizon Wireless, and other national and regional tenants. The UPS Store just signed a 5-year lease for 1,240 s/f of space at 4 14th St. in Hobo- ken, NJ. The UPS Store joins Wells Fargo and Turning Point restaurant in a ground floor retail space at The Sover- eign At The Shipyard which is a luxury waterfront residence consisting of 8 buildings with over 1,200 residential units. n Soloff Realty completes leasing for UPS Store ply chain logistics, apparel, retail and real estate invest- ment and development. n
CELEBRATING OUR 109 TH YEAR
Commercial Real Estate Brokerage
Union City/West New York, New Jersey 329 Units - 8 Buildings Robert Squires ext 287
Paterson, New Jersey 135 Residential Units - 3 Buildings Jonathan Greenberg ext 258 Joseph Keenan ext 256
Holmes and Morton, Pennsylvania 67 Residential Units - 3 Properties Matt Weilheimer ext 253
Fairfield, New Jersey 110,000 SF Office Barry Waisbrod ext 272
Red Bank, New Jersey 45 Residential Units Daniel Lanni ext 248
Bayonne, New Jersey 20 Residential Units Davis Briones ext 370
www.kislakrealty.com 732 750 3000 The Kislak Company, Inc. Investment Sales Commercial Sales and Leasing
Made with FlippingBook - professional solution for displaying marketing and sales documents online