12B — August 17 - 30, 2012 — New Jersey — Mid Atlantic Real Estate Journal
www.marejournal.com
C ENTRAL N EW J ERSEY
DISON, NJ —Colliers International New Jersey has arranged a C&W and Kwartler represent TA Realty Associates Colliers International facilitates 17,212 s/f lease E world. The group took expan- sion space to accommodate marginal growth needs.
Located at 3685 Quakerbridge Road Richardson Commercial announces 3,842± s/f off. sale
HAMILTON TWP. , NJ — Richardson Commercial Realtors announced the sale of the 3,842± s/f office build-
Daniel and Dorothy Graziano, sold the property; Graziano retired his law practice to join Szaferman Lakind in Law- renceville. Mancino and his team at the Mercer County office of Gateway Funding, a mortgage services firm located on Quak- erbridge Road, will utilize the nearby property for their new facilities. Pratico said, “The property will be the perfect fit for the new owner considering it is a mortgage company. They will benefit from the stand alone lo- cation, which offers great vis- ibility and easy access to key Mercer County Markets.” ■ CLINTON, NJ — Wood- mont Industrial Partners, LLC (WI Partners ) an- nounced that construction is underway for an additional 36 dock doors at the I-78 Lo- gistics Center at 111 Cokes- bury Rd. Additional capital improvements include up- grading the lighting, HVAC and sprinkler systems and once the improvements are complete, the property will be a state-of-the-art regional distribution center for com- panies that service customers and retailers throughout the Northeast. Woodmont and AEW Capi- tal Management, L.P (AEW), recently formed an invest- ment platform to acquire in- dustrial properties in seaport and inland port markets in the Eastern U.S. The venture acquired I-78 Logistics Cen- ter in Q1 2012. With the additional 36, the building will have a total of 84 doors, which equates to one door per 8,700 s/f of build- ing area. “Modern distribution build- ings typically have one door per 10,000 s/f, the increase in the number of dock doors will enhance the functionality of the building to help meet the increased distribution needs for companies that distrib- ute products throughout the Northeast,” said Gene Preston, managing principal, Woodmont Industrial. “We also believe the prime loca- tion along the toll-free I-78 is a tremendous benefit, which should result in significant savings for potential ten- ants.” ■ Woodmont &AEW’s I-78 Logistics Ctr. begins construction
that the New York Ship- ping Association’s expansion needs dovetailed with space that became available on the same floor. “Retrofitting their overall premises will create greater operating ef- ficiencies moving forward. The landlord in turn stabi- lized its long-term cash flow with a super credit tenant in hand.” Kevin Carton, of Cushman &Wakefield, and Dan Frank, of Kwartler Associates, Inc., represented the landlord, TA Realty Associates, in the transaction. ■
ing located at 3685 Quaker- bridge Road t o F r a n k Mancino, re- gional vice p r e s i d e n t of Gateway Funding. The single story
long-term, 17,212 s/f renewal and expansion for the New York Shipping Association, Inc. at 333 Thornall Street located in Edison. New York Shipping As- sociation is a not-for-profit organization comprised of the ocean cargo carriers, ter- minal operators, stevedores, and marine-related busi- nesses that move more than $190 billion in products to and from the largest and rich- est consumer market in the
“The New York Shipping Association has been a ten- ant in the building since 2007 and enjoyed an outstanding working relationship with the building management team,” said Robert Good- man, an executive managing director with Colliers Inter- national Tri-State, who along with executive managing director John Cunningham and director Kevin Coleman represented the tenant in the transaction. Goodman noted
Michael Pratico, Jr.
brick building, constructed in 1962, is located on one of the busiest corridors in Mercer County. Listing agent, Michael Prat- ico, Jr., on behalf of sellers
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