14B — September 16 - 29, 2016 — New Jersey — M id A tlantic
Real Estate Journal
www.marejournal.com
N ew J ersey Iboco Integrated Wire Management leases 25,000 s/f at 1205 Paco Way Sudler secures first tenant in Lakewood spec building six months before construction ends L AKEWOOD, NJ — The Sudler Companies ’ 70,000 s/f warehouse already more than 1/3 leased before completion.
The location just off Rte. 70 and the Garden State Parkway Exit 88/89 has recently attract- ed a diverse range of consumer, commercial and corporate tenants including SkyZone, Perma Pure, Trinity Seafood aka Buckhead Beef, Blackman Plumbing and SUNRUN Inc. “We knew the expanded Exit 88/89 Interchange of the Gar- den State Parkway was coming, and would make Lakewood a more economical but equally convenient option for us as a developer as well as for our tenants that also want to be near Philadelphia,” said Peter Sudler , president and CEO of Sudler Company. “The popular- ity of these buildings reflects the strong New Jersey indus- trial recovery, especially in this region, and is the impetus for additional sites we have coming on-line in the near future.” Sudler’s success in the re- gion can also be linked to the central location of Lakewood and the growing shore econo- my, as well as it being within an Urban Enterprise Zone. According to a recent Colliers International report, leasing throughout New Jersey was ro- bust in 2015 with Central NJ’s industrial vacancy rate falling to an historic low of 6.5%. Sudler has been developing in Lakewood since the 1960’s, featuring its Corporate Park Lakewood, a 1,200,000 s/f property that has been 98% leased since January 2014. Both buildings were con- structed with state-of-the-art Tilt Up Construction panels and offers 32 foot clear ceilings, multiple loading docks that are tailboard or drive-in, and an ESFR sprinkler system among other energy efficient features. Sudler Real Estate is a fam- ily-owned business now in its third generation. Sudler takes a conservative approach to real estate development, construc- tion and management, empha- sizing thoroughly researched site selection, functional design and solid construction. Since 1907, Sudler has kept pace with the shifting needs of the corporate real estate industry, favoring solid long-term invest- ments to high-risk ventures for fast returns. Specializing in turn-key projects for ma- jor corporate clients, it offers buildings with trouble free, low maintenance features and first-class materials in prime locations. n
space at 1205 Paco Way in Lakewood is still under con- struction but it’s already leased 25,000 s/f to Iboco In- tegrated Wire Management, a European leader in the field of wire management with a pres- ence inmore than 37 countries. Sudler opted to build both 1205 Paco Way and its sister building at 1001 New Hamp- shire Ave. on spec and the decision has paid off, with the NewHampshire Ave. building fully leased less than a year af- ter completion, and Paco Way
1205 Paco Way
45,000 SF DIVISIBLE AVAILABLE Warehouse – Distribution – Flex
1205 Paco Way Corporat e park Lakewood Lakewood , NJ
973.257.0700 sudlerco.com/ leasing@sudlerco.com www.sudlerco.com
Made with FlippingBook HTML5