Real Estate Journal — May 26 - June 8, 2017 — 3A
www.marejournal.com
M id A tlantic
M id A tlantic R eal E state J ournal
analapan, NJ — NAI DiLeo Bram & Co. reports high Shein, Miller and Kirczow of NAI DiLeo Bram & Co. secure five new leases Century Office Park turnaround gaining momentum M new ownership’s improvement plan.
and can accommodate a wide array of tenant sizes from 800 s/f to over 11,900 s/f. Metroplex Corporate Cen- ter Nearing 100% Occupancy It is expected that by the end of May, Metroplex Corporate Center in Edison will be 100% leased. The 256,000 s/f office complex is located adjacent to the Edison Twp. Train Station. “Metroplex is in high de- mand. It is a great property, with experienced ownership in a desirable location.” said Robert Dinner , exclusive vice president of NAI DiLeo-Bram
& Co. who leads the leasing and marketing effort for the owner, Atlantic Realty De- velopment Corporation . The increase in occupancy has been from a combination of new tenants as well as existing ten- ants renewing and expanding. Dinner added, “ Atlantic Realty has taken an aggres- sive approach to accommodate tenant build-out needs at below market rent”, and, “ tenants want to bring the urban feel to the suburbs by locating near train stations to expand its em- ployee base and service clients from NYC to Philadelphia”. n
“We collaborated with owner- ship and property management to create a plan to update the property. The new owners have been aggressive in their approach and that is being noted by existing tenants and prospective tenants alike.” commented Kirczow. Century Office Park is a 78,000 s/f office campus set- ting at 100, 200 & 300 Craig Rd. The park is close to major retail and has immediate ac- cess to Rte. 9. The tenant mix is primarily office and medical
activity as the leasing agent and property management firm for Century Office Park in Manalapan. The leasing team of Marc Shein, Faith Miller and TomKirczow has secured five new leases so far in 2017. The NAI Dileo-Bram team was brought in by the new own- ership group in the fall of 2016 to reposition and stabilize the property after it was purchased out of foreclosure. Ownership and NAI Dileo-Bram & Co. de- veloped a capital improvement plan including new carpeting, ceiling and lighting in all lob- bies and common areas. The procurement of new tenants and the increase in existing tenant retention is a direct result of newmanagement and Bergen County Bar Association names Edelberg president HACKENSACK, NJ — Cul- len and Dykman LLP part- ner David Edelberg has been named the 119th president of the Bergen County Bar As- sociation. Throughout his 34-year ca- reer, Edelberg has proven him- self an expert on bankruptcy law, authoring multiple articles on Bankruptcy Code and lec- turing on behalf of the New Jersey Institute of Continuing Legal Education, the Seton Hall Business School, Bergen Community College and the National Business Institute concerning bankruptcy law. At Cullen and Dykman, Edel- berg focuses primarily in the fields of Bankruptcy Law, Cred- itor’s Rights and Commercial Litigation. He is the recipient of the prestigious American Jurisprudence Award in Bank- ruptcy and was appointed by the Supreme Court of the State of New Jersey to multiple terms of service on the District Ethics Committee, District II-B. In addition, he has been selected to the Super Lawyers list (2012-2017) by Thomson Reuters and to the Bergen County best lawyers list by 201 Magazine (2012-2014). Before joining Cullen and Dykman, Edelberg was an eq- uity partner at Nowell Amoroso Klein Bierman, P.A. where he was chair of the bankruptcy department. n
Marc Shein Faith Miller
Tom Kirczow Robert Dinner
1937 - 2017 Celebrating 80 Years Of Excellence 1937 - 2017
Century Office Park, Craig Road, Manalapan, NJ • Three, 2 story office buildings totaling 77,922 sf • Newly renovated lobbies • Medical uses permitted • Units available, ranging from 784 sf to 11,905 sf • Located minutes from Freehold Raceway Mall, Monmouth County Courthouse and CentraState Medical Center
21 Gordon Road, Piscataway, NJ • 26,500 sf flex/distribution building for sale or lease • 21,220 sf warehouse; 5,280 sf office space • Ideal for production/fabrication/lab or light manufacturing • Four tailboards and one drive-in door • Easy access to I-287, the NJ Turnpike and Garden State Parkway, and adjacent to Rutgers University Campus
5000 Hadley Road, South Plainfield, NJ • 226,000 SF - 2 story office building • Large floor plate – Ideal for high density users. • Parking + 8/1,000 SF • 150,000 SF available – will divide • Located at I-287 Exits 4 (Durham Ave) and 5 (Stelton Rd) • Surrounded by shopping, restaurants and banking
54 Ethel Road, Edison, NJ • Free standing 20,000 sf building for sale on 1.85 acres • Features 17,000 sf warehouse & ± 3,000 sf office space • 4 drive-in doors • Ample parking - 50 + spaces outside, plus indoor parking • Wet sprinkler, 600 amps power, and floor drains • Minutes from I-287, NJ Turnpike & the Garden State Parkway
1315 Stelton Road Piscataway, NJ 08854 naidb.com
For Further Information Please Contact Exclusive Broker: tel 732 985 3000
5,000 local commercial real estate market leaders.
55 countries. 400 local offices.
Made with FlippingBook - Online catalogs