S hopping C enters C entral N ew J ersey
Real Estate Journal — New Jersey — August 14 - 27, 2015 — 5B
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Joe Vindigni represents the tenant, GenPsych NAI Hanson secures 8,000 s/f lease for medical tenant L
EDA Accepting Applications for Executives-in-Residence at Life Sciences Incubator
seeking experienced appli- cants in a variety of business specialties, including business development, commercializa- tion, partnering and licensing, health economics, regulatory, and reimbursement. “We are thrilled with the success of the Executive-in- Residence program,” said Debbie Hart , president and CEO of BioNJ. “Offering new companies in New Jersey the opportunity to learn from ac- complished industry veterans is a great way to foster growth and innovation. We thank the EDA for leading this valuable program.” Among the program’s ben- efits, participating executives receive an office suite at CCIT; the title of Executive-in-Resi- dence; exposure on the EDA’s website; and access to multiple technology networks in the state, including BioNJ. The application process is highly competitive and roll- ing, with appointments of new executives made on a quarterly basis. To be eligible, executives must be full-time residents of New Jersey with legal working status in the United States. Qualified indi- viduals must also be willing to work at CCIT at least one day a week to advise and mentor tenants. n leased 65,000 s/f at 645 Howard Ave., which includes 8,000 s/f of office space and four tailgate loading doors. The premier vehicle management services company will relocate and ex- pand its New York/New Jersey regional warehouse from East Brunswick, NJ in September following the completion of ret- rofitting at the property. Both warehouses also feature one drive-in door, a new roof, motion sensor lights, a 100-car parking lot, and easy access to Route 287 and the New Jersey Turnpike. Iberia Food Corporation was represented by Binswanger in the 95 Clyde Rd. transaction. ESI was represented by Col- liers in the 645 Howard Ave. transaction. n
TRENTON, NJ —Building upon momentum generated by the success of the inaugural set of life sciences executives men- toring and advising emerg- ing technology companies, the New Jersey Economic Development Authority (EDA) announced that it is currently accepting applica- tions for its second group of Executives-in-Residence. Developed in collaboration with BioNJ , the Executive-in- Residence program is designed for biotechnology executives currently in transition and hosted at the EDA’s Commer- cialization Center for Innova- tive Technologies (CCIT) in North Brunswick. “New Jersey is well known for its innovative people, and we look forward to attracting those individuals to mentor life sciences companies at the EDA’s life sciences incubator,” EDA CEO Melissa Orsen said. In partnership with Bi- oNJ, the program involves appointed executives mentor- ing and coaching emerging life science companies through a series of weekly office hours. CCIT tenants seek advice from executives on a range of topics. Consistent with the needs of emerging life sciences companies, the program is SOMERSET, NJ — Col- liers International has ar- ranged 147,000 s/f of new, long- term leases at two warehouses owned by Cabot Properties in Somerset. Both single-tenant- ed properties at 95 Clyde Rd. and 645 Howard Ave. are now 100%leased. Among the transactions, Ibe- ria Foods Corporation leased 82,000 s/f at 95 Clyde Rd., which features eight tailgate loading doors and 24-foot ceil- ings. The East Coast food and beverage supplier recently re- located its subsidiary Brooklyn Bottling Group, a manufac- turer and distributor of inter- national beverage brands, from Carteret, NJ to the property. Additionally, Event So- lutions International (ESI)
EBANON TOWN- SHIP, NJ — NAI Hanson , a leading New Jersey-based commer- cial real estate firm, today announced the successful leasing of 8,000 s/f at 405 Trimmer Rd. in Lebanon Township, to outpatient re- habilitation provider Gen- Psych. NAI James E. Hanson sales associate Joe Vindigni rep- resented the tenant, Gen- Psych, and the landlord, Scenic Pastures LLC in the leasing transaction. GenPsych has signed a 30-month lease and will con- vert the building into a 13- bed treatment center – the first of its kind in the area – due to open in the fall of
405 Trimmer Road
2015. Set back on 15 acres of land, the building’s location provides requisite privacy and seclusion. “The building’s privacy, sit- ting on such a large amount of land, was the major feature
this location offers,” Vindigni said. “We worked closely with GenPsych to find an ideal space and also with Scenic Pastures on finding the right tenant. In this case it worked out extremely well.” n
Sandy Herrick of Case Real Estate named to Advisory Board for The Center for Real Estate at Rutgers Business School
PISCATAWAY, NJ —The Center for Real Estate at Rut- gers Business School, a rising
fostering productive discus- sion among students, indus- try peers, government and academia. Members of the Ad- visory Board share a common goal of fostering productive discussion in order to advance the study of real estate and to meet the evolving needs of a diverse student population by providing real-world experi- ences and collegial access to the top minds in real estate. “We are going to rely on our Advisory Board members to bring practical and real world knowledge and experi- ences from every sector of our industry into our Center with the goal of providing the most advanced and innovative curriculum and the most im- portant and timely research available for real estate,” said Morris A. Davis, the Paul V. Profeta Chair and Academic Director of the Center for Real Estate at Rutgers Business School. “The consolidation and dissemination of this knowledge will serve as a fo- cal point for addressing New Jersey’s, and subsequently the country’s, difficult and complex business and real estate issues, and will inspire
the next generation of real estate leaders.” “It’s a privilege to work with fellow Advisory Board members on advancing the study of real estate and fo- cus on two fundamental real estate challenges in New Jersey and beyond – supply chain/industrial real estate and public policy/urban rede- velopment,” said Herrick. “I look forward to collaborating with members on sharing our knowledge and real-world best practices while fostering discussions among industry members, business school students and those in the academic community.” The Center for Real Estate at Rutgers Business School was established in 2014 as a rising academic program positioned to transform and inspire the next generation of real estate leaders. The Center’s Advisory Board is comprised of the most knowl- edgeable and successful real estate professionals, in both academic study and in real world practice, and is dedi- cated to creating and cultivat- ing a collaborative community of industry thought leaders. n
a c a d e m i c program po- sitioned to t r ans f o rm and inspire t h e n e x t generation of real es- tate leaders, announced
Colliers International completes 147,000 s/f of industrial leasing
Sandy Herrick
the appointment of Sanford Herrick, founder and man- aging principal of Case Real Estate Capital, LLC , to its Advisory Board. The Center for Real Estate at Rutgers Business School is predicated on its ability to bring together the real es- tate industry’s brightest and most influential executives to interact with students and set the academic course for the Center. Advisory Board members were carefully se- lected and represent a diverse group of leaders in a variety of fields related to the real estate industry. As a mem- ber of the Center’s Advisory Board, Herrick will serve as a vital conduit of information, knowledge and best practices,
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