18 — November 2024 — New Jersey — M id A tlantic Real Estate Journal
www.marej.com
N ew J ersey
132,000 s/f building phase two plan unveiled Hartz Mountain inks two new leases for logistics/warehouse building in Cranford, NJ
RANFORD, NJ — Hartz Mountain In- dustries , a Secaucus, NJ based real estate company focused on industrial and multi- family assets, announced two new lease signings for 109,200 s/f of logistics/warehouse space at 740 Walnut Ave., Cranford. With these lease signings 740 Cranford Ave., Phase 1 of a 2 Phase logistics/ware- house building complex, has been fully pre-leased before completion of construction. Hartz Mountain’s plans for Phase 2, a 132,000 s/f modern C
logistics/ warehouse building at adjacent property 730 Wal- nut Ave., were also unveiled. The building will be open for occupancy in May 2025 and is currently available for pre-lease. The new building’s ad- vanced features and strategic location position it as a strong contender for companies look- ing to expand their operations with unparalleled accessibil- ity. The site provides immedi- ate access to the nation’s most densely populated region and is connected to national and
international markets. The NJ Tpke., Rtes. 1 & 9, 22, 27, ports and airports provide nearby access. The 730 Walnut Ave. build- ing features include 81 parking spaces, 16 loading docks and 1 drive-in. The class A building caters to various types of logis- tics and warehouse companies. Twenty-six additional loading docks and one drive-in are potentially available. According to the Hartz leas- ing team of Charlie Reese and Stephen Benoit “the building offers unmatched connectivity and operational ef- ficiency for businesses seeking a class A logistics or warehouse facility. 730 Walnut Ave. is strategically located and de- signed specifically to meet and exceed the industrial and logis- tic needs of the most innovative companies.” MAREJ Denholtz Props. bolsters team with new hires RED BANK, NJ — Den- holtz Properties announces the hiring of Paul Paschal
740 Walnut Ave.
SOUTH JERSEY’S BEST CORPORATE OFFICE LOCATION LAUREL CORPORATE CENTER
as director of acquisitions for the Mid- Atlantic and Southeast and Kyle Kostakis as development manager. The new hires reflect Den- holtz Proper- ties’ contin- ued focus on expanding its diverse portfolio of assets across the United States.
Paul Paschal
Kyle Kostakis
Working out of North Caro- lina, Paschal will lead the business’ industrial and mul- tifamily acquisitions strategy in high-growth primary, sec- ondary and tertiary markets across the Southeast and Mid-Atlantic. Based out of the Denholtz Properties’ Red Bank head- quarters, Kostakis joins the firm after nearly a decade in a variety of project management roles with Toll Brothers. As development manager, Kosta- kis will work closely with the firm’s director of development Steve Lidster to execute the firm’s growing development pipeline. MAREJ
The Laurel Corporate Center offers the perfect suburban office space environment with direct access to I-295 Exit 40 and NJ Route 38, close proximity to NJ Turnpike Exit 4, and a multitude of nearby dining and shopping amenities. Located just twenty-five minutes away from Philadelphia. Businesses are moving back to the ‘burbs.
SAMPLE AVAILABILITIES
6000 Midlantic Drive Mount Laurel, NJ 08054
Suite 600 N 16,209 sf
6000 Midlantic Drive Mount Laurel, NJ 08054
Suite 400 N 6,760 sf
8000 Midlantic Drive Mount Laurel, NJ 08054
Suite 60 S 3,369 sf
856-764-2600 | www.whitesellco.com | Industrial and Office Real Estate
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