www.marejournal.com S hopping C enters N ew J ersey S potlight N orthern Denholtz Associates adds Lauren Hayes to the new position of asset manager Denholtz Associates purchases 83,258 s/f, four-story office building in Franklin, NJ F M id A tlantic
Real Estate Journal — New Jersey — March 11 - 24, 2016 — 5B
tenants, and our size and r e s o u r c e s re lat ive to our competi- tors puts us at an advan- tage t o do so.” Currently
Companies where she was responsible for collectively managing a portfolio of over 35 mixed use properties through- out the Northeast. In addition to her financial management background, she brings seven years of experience with lease representation at several lead- ing brokerage and property management firms. “Lauren immediately im- pressed us and is someone we feel very fortunate to have been able to add to our grow- ing team,” said Stephen Cas- sidy , president of Denholtz Associates. “We have been in business for 60-plus years, but bringing in smart, capable and hard-working people to help keep and grow your business will always be the number one key to a company’s success. We feel we got exactly that when Lauren joined our team.” Hayes obtained her MSRE from New York University and her BA in business management fromHartwick College. She cur- rently resides in Cranford, NJ. n
RANKL I N , NJ — Denholtz Associates, a privately held, fully integrated real estate de- velopment, investment and management company, has announced the purchase of a four-story, 83,258 s/f multi- tenant office building located in Franklin Township. The building, Somerset Executive Square II, is situated in the Route-287 submarket. The property was purchased from GE Capital . Somerset Executive Square II features newly renovated lobbies and corridors and sits on five-acres directly adjacent to The Somerset Marriott Hotel and within walking distance of a major conference center and hotels, including the Radisson and Holiday Inn. The office park’s Execu- tive Drive location is in close proximity to area banks, res- taurants and shopping. There is abundant parking, which in- clude executive covered spots and onsite porter services. GLADSTONE, NJ — Hol- lister Construction Ser- vices , a full-service construc- tion manager specializing in educational, corporate, health- care, industrial, residential and retail construction, just finished erecting the steel for Gill St. Bernard’s new 14,400 s/f Field House. The private, co-ed college prepara- tory school selected Hollister to build the new field house within its beautiful 208-acre campus in Gladstone, NJ. Af ter breaking ground earlier this year, Hollister has erected the structure of the new athletic facility. Constructed from a pre-engi- neered steel masonry building structure, the new multi- purpose recreational center and gymnasium will make its grand opening this summer of 2016, in time for the new school year. The field house will house a multi-sport practice and game
Lauren Hayes
18,754 s/f of space is available. Office vacancies range from 5,000 s/f to the possibility to accommodate larger tenants. The property is currently being marketed to growing companies seeking highly competitive lease terms and back-office users. MATAWAN, NJ — Den- holtz Associates announced the addition of LaurenHayes to the newly created position of asset manager. In her position Hayes will be responsible for overseeing the operational activities of a multi-million s/f portfolio of commercial real estate assets. Hayes has spent the past three years at The Hampshire
Somerset Executive Square II
court, new locker rooms with 150 double-height lockers, new bathrooms, and a fitness and exercise facility with state- of-the-art visual displays. The facility will serve as the main gymnasium for Lower and Middle School students. The project includes major site-work and landscaping, as well as the installation of all new utility services required to support the new facility. “This remarkable new facil- ity will blend in well with the campus and be a powerful as- set to Gill St. Bernard and its students,” said Kieran Fla- nagan , president at Hollister. “We are pleased to be able to support the school by bring- ing this project to completion swiftly and efficiently.” Hollister continues to be a leader in the construction of educational facilities. The firm’s portfolio of notable projects includes K-12 private institutions, urban charter The conveniently accessible park provides direct access to I-287, as well as easy access to Routes 22, 202, 206, I-78, The New Jersey Turnpike and The Garden State Parkway. “We have been players in the central Jersey marketplace for a very long time and we understand how to extract the maximum value of a well- positioned, multi-tenant office in the current environment,”
said Steven Denholtz , chief executive officer of Denholtz Associates. “Our strategy of acquiring these value-add, multi-tenant office buildings and parks rely on our sub- stantial in-house capabilities, our advanced management systems and our world-class people. We are able to maxi- mize the value and minimize the risks of our investments by filling vacancies with multiple
Hollister Construction Services reaches important mile- stone with Gill St. Bernard’s new recreational facility
The Hollister team leading this effort includes Kieran Flanagan, project executive; Brian Lemchak , project manager; Michael Nappo , superintendent; Al l ison Gill St. Bernard’s Field House
schools and higher-education institutions throughout the tri-state area. Most recently, the company completed five new charter schools located in Newark and Jersey City.
Koterba , project coordinator, and Frank Caputo , senior estimator. The project was designed by USA Architects with civil design by Dynamic Engineering Consultants . n
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