10A — February 2024 — M id A tlantic Real Estate Journal
www.marej.com
M id A tlantic R eal E state J ournal
AMILTON, NJ — Fennelly Associ- ates , and Keyser , a H Keyser co-brokers sale of 9772 s/f office building at 2291 Rte. 33 amounting to $2.3M Jerry Fennelly, SIOR of Fennelly Associates completes four transactions in Hamilton, NJ
full-service commercial real estate brokerage firm based in Scottsdale, AZ, announced they have negotiated the sale of a 9,772 s/f office building at 2291 Rte. 33 in Hamilton. for $2.3M. Fennelly Associates and Keyser represented the buyer, DMI , in the transaction. Established in 1957 in Mel - ville, N.Y, DMI is one of the longest-running, continu- ously operating cooperative warehouse groups in the US. Amidst significant growth,
2291 Rte. 33 in Hamilton
3840 Quakerbridge Rd.
the company recognized that its existing warehouse space was ill-suited to its needs both in function and size. The firm initially contacted Keyser to
secure a new warehouse space that would allow for efficient cross-docking and storage ca- pabilities. Earlier in 2023, the company negotiated a lease for
a brand-new 845,078 s/f ware - house located at 1365 Lamber - ton Rd. in Trenton. However, its growth also necessitated a new office. Keyser, leveraging
the SIOR network, contacted Jerry Fennelly, SIOR , presi- dent of Fennelly Associates, to help DMI secure an office space for the company. Fennelly was able to identify 2291 Rte. 33 in nearby Hamilton as the ideal location for DMI’s offices. “The national reach of the SIOR network ensures com- panies can find a trusted, ex - perienced broker to help them meet their space needs in any market and asset class,” said Fennelly. “We were happy to work with Keyser to provide DMI with an ideal office space to accompany their brand-new warehouse. We look forward to the next opportunity to work closely with our SIOR col- leagues to help a client achieve its goals.” At the Van Nest Office Park in Hamilton, Fennelly Associates brokered leases for 3,700 s/f with Thrive Financial Services, 1,945 s/f with Empro Insurance, and 1,450 s/f with Caplin Point Labs at 3840 Quakerbridge Rd. Jerry Fennelly, SIOR represented the landlord in all three transactions. 3840 Quakerbridge Rd. is a 33,000 s/f, two-story office building located less than two miles from the intersec- tion of Rte. 1 and I-295. 3840 Quakerbridge Rd., joined by an identical adjacent build - ing at 3836 Quakerbridge Rd. forms the Van Nest Office Park, a modern office campus bordering the Van Nest Wild- life Refuge, a 98-acre wildlife management area. . “Although these businesses operate in different industries and serve different clients, their need for a well-located, modern office is uniform,” said Fennelly. “Despite the difficul - ties in the broader office mar - ket, the strong demand from businesses aiming to tap into Mercer County’s favorable de- mographics underpins what continues to be a standout local office market.” MAREJ
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