10B — June 17 - July 21, 2022 — New Jersey — M id A tlantic Real Estate Journal
www.marej.com
N ew J ersey
DISON, NJ — NAI DiLeo-Bram & Co. announced that Rob- E Dinner inks transactions at Metroplex Corporate Center NAI DiLeo-Bram & Co. closes +33,000 s/f of leases in Edison
Middlesex County site purchased or $925K Sheldon Gross Realty inks deal on 2.4-acre property
ert Dinner , executive VP, serving as leasing agent for Me- troplex Cor- porate Cen- ter in Edison, NJ, recently completed
104 Main St.
Robert Dinner
“Helmetta is quite centrally located within New Jersey, and that’s exactly the type of location Deck Guardian was looking for,” notes Glick, who represented the buyer. “The company is growing rapidly and needed space for storing materials and equipment. This site is clearly an excellent fit.” Less than three miles from NJ Tpke. interchange 8A, the Helmetta property also is near Rte. 18 and Rte. 9. Its pre-sale tenants included Allegiance Garden Center. MAREJ
HELMETTA, NJ — A 2.4- acre site in Helmetta has been acquired by Somerset County-based Deck Guardian for $925,000. This transac- tion – for 104 Main St., which includes open land as well as several structures – was man- aged by Sheldon Gross Re- alty executive vice president Jonathan Glick . With a particular emphasis on construction materials, the property will be used by Deck Guardian primarily for outdoor storage.
200 Metroplex
over 33,000 s/f of office leases at the office complex. Dinner represented the tenants and the landlord, Metroplex As- sociates, in these transactions. These transactions included the following: • a 14,500 s/f lease exten - sion for Rutgers, The State University Behavioral Health Care Center ; • a 9,100 s/f lease for DPK Consulting, LLC, a land sur- veying company; • a 10,200 s/f renewal for Naik Group, an engineer- ing firm who designs State, Federal, and Public Works Transportation Systems “I am pleased to have com- pleted these leases at Metro- plex Corporate Center,” stated Rob Dinner. “Rutgers and Naik are long-time tenants at the property and wished to remain in their spaces. DPK was previ- ously located in multiple office spaces within a building in Pis- cataway, and this new premises met the company’s business
elevators, and a new parking lot. The corporate center is lo- cated directly across from the NJ Transit Edison station and is in close proximity to Routes 1 and 27, as well as the Garden State Parkway and NJ Turn- pike. The Metroplex Complex is currently 95% leased. Jeremy Schall , the land- lord’s in-house leasing repre- sentative said, “The success of the high occupancy level we have achieved over the years at Metroplex Corporate Center is a result of many factors, including the great location of the property at the Edison Train Station, companies’ employees living locally, the guidance of our real estate professional, Rob Dinner, and the personal relationships we maintain with our tenants. Last, but equally important, our property management team maintains everything in first class condition so our ten- ants are happy.” MAREJ
goals by allowing all of its em- ployees to be accommodated in one location,” he added. Rutgers took advantage of signing a multi-year lease extension at the property enabling them to stay in the building which is centrally located to the University. DPK benefitted from leasing space that had been available for sublease. As a result, they signed a long-term direct lease with the landlord that was “plug and play” and included furniture, workstations, and IT wiring. Naik used this opportunity to reconfigure its space while remaining in occupancy and continuing to meet its long- term real estate needs while servicing its clients’ projects. Metroplex Corporate Center is a 264,000 s/f, three-building office park. Amenities within the buildings include food service, on-site property man- agement, security service, new
Walls tilted at Tac Pal Logistics Center in Palmyra
Alfred Sanzari Enterprises launches FLEX Powered by Glenpointe
TEANECK, NJ — Alfred Sanzari Enterprises an- nounced the launch of FLEX Powered by Glenpointe, a 5,300 s/f flexible workspace tailored to the needs of today’s busi- nesses at its iconic Glenpointe campus in Teaneck. Boasting a blend of private offices and dedicated desks, FLEX Powered by Glenpointe offers companies and indi- viduals searching for flexible office space an opportunity to experience all that the 670,000 s/f live-work-stay Glenpointe campus has to offer. FLEX Powered by Glen- pointe boasts a lounge area, full kitchen, pool table and access to shared conference rooms. In addition, FLEX Powered by Glenpointe members enjoy ac- cess to Glenpointe’s wide range of on-campus amenities includ- ing the 26,000 s/f Glenpointe Fitness Center; The Green, a 22,000 s/f multi-purpose out-
Tac Pal Logistics Center
leasing opportunities for the property on behalf of owner- ship, Sansone Group and a real estate fund advised by Crow Holdings Capital . “We are excited to have reached this milestone in the construction process with the walls officially being tilted. We are thrilled to be working with ownership to deliver a state- of-the-art facility in a market where most of the industrial product is outdated,” said Fern. “Occupiers will be able to find attractive growth op- portunities at Tac Pal Logistics Center, which is currently the largest infill development in Southern New Jersey.” Upon completion, the prop- erty will feature 702,450 s/f of rentable space. The facility will benefit from 40-foot ceil- ing heights, 107 loading docks, 240 trailer stalls and 499 car stalls. MAREJ
PALMYRA, NJ — Cush- man & Wakefield and Avi- son Young announced that the walls have been tilted at Tac Pal Logistics Center, a 702,450 s/f, state-of-the-art industrial development located on Rte. 73 in Palmyra. The building shall be substantially complete and ready for occu- pancy in September 2022. “Palmyra is extremely ex- cited about the progress of the redevelopment area, the erecting of walls is the first step of getting this project to the final stages and Palmyra residents to see all that this redevelopment can offer our town” said Mayor of Pal- myra, Gina Tait. Cush- man & Wakefield’s Charles Fern, Thomas Tucci and Jason Barton are working in coordination with Avison Young’s Matthew Marshall and Jack Owens to market
FLEX Powered by Glenpointe
door amenity space; several casual and fine dining restau- rants; an on-site full-service Starbucks; abundant covered parking; 700 hotel rooms across three on-site hotels and 24/7 security. The wide range of amenities is further augmented by the campus’ diverse array of onsite restaurants and hotels as well as its accessibility to the northern New Jersey area and New York City via the nearby George Washington Bridge, im- mediate access to Rtes. 80 and 95, and on-campus bus service. “It is clear that the last two-
plus years have forced compa- nies to place a higher premium on flexibility in all aspects of their operations,” said Ryan Sanzari , president of Alfred Sanzari Enterprises. “With FLEX Powered by Glenpointe, we are providing an opportunity for businesses and individuals to tap into the immersive Glen- pointe experience without sacri- ficing their need for flexibility. We are excited to welcome our FLEX members to the campus and for them to experience all that our premier corporate campus has to offer.” MAREJ
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