10B — February 13 - 26, 2015 — New Jersey — M id A tlantic

Real Estate Journal


C entral N ew J ersey Heller maintains full occupancy in 15 million square foot portfolio Heller Industrial Parks completes over 4.6 million s/f of leases in 2014

H e l l er Indus t r ial Parks announced that it completed 43 transactions involving over 4.6 million s/f in 2014. “It was a very active year for Heller. The market demand across our entire portfolio is strong,” stated Brian Banaszynski , president of Heller. “In sev- eral instances, we were able to secure lease extensions and expansions well in advance of scheduled expirations. Ten- ants are also seeking to enter into longer term lease commit- ments, as the supply of well- located and well-maintained

buildings such as Heller’s are becoming more limited in their availability.” Heller’s in-house leasing team of David Paster , Allan Ram- say and Fred Kurtz worked closely with the following bro- kers in 2014: • Steve Bussel , Manny Ju- dah and Herb Zimmerman of Bussel Realty • Mike Nicholson of The Acclaim Group • Chuck Fern , Larry Casey and Robin Ritter-Ceriello of DTZ • Steve Beyda and Andy Parella of CBRE

In Heller’s largest deal of 2014, Alba Wine & Spirits leased 303,134 s/f in Edison NJ

• Frank Caccavo and Ja- son Goldman of Cushman & Wakefield • Rich Galuppo of NAI DiLeo Bram • JimScancarella and Doug Bock of CRESA • Joel Lubin and Todd Bur- nette of JLL • Rick Marchisio of Lee & Associates • Tom Nuara of Resource Realty • Tony Baseil of Weichert Commercial • Matt McWilliams , South- ern Asset Service Corp. Highlights of these transac- tions include: • Alba Wine & Spirits new lease for 303,183 s/f in Edison, New Jersey. Larry Casey and Robin Ritter - Ceriello of Cas- sidy Turley represented Alba while David Paster represented Heller. • Selective Transportation expanded and extended their lease for a total of 225,395 s/f in Edison, New Jersey. Joel Lubin of JLL represented Selective while Allan Ramsay repre- sented Heller. • Exel Logistics renewed their lease for 219,698 s/f and Frontier Logistics renewed their lease for 200,000 s/f in La Porte, Texas. Fred Kurtz represented Heller in both transactions. “Besides these larger leas- es, there were also a number of transactions ranging from 20,000 to 100,000 s/f. Heller designs its buildings in order to accommodate all size re- quirements,” said Banaszynski. “While we were busy in 2014 with the existing building port- folio, Heller continued to work on designs and approvals for our 2.6 million s/f project in South Brunswick (www.heller- parknorth.com), which is within the highly-desirable Exit 8A submarket.” n

Chris O’Connor chris@cccpromos.com 973-489-9331

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