8B — March 16 - 29, 2018— Northern New Jersey — M id A tlantic
Real Estate Journal
www.marejournal.com
N orthern N ew J ersey
Kobeyaki opens 1,706 s/f location in Jersey City Colliers represents tenant in 60,600 s/f Parsippany HQs lease
arsippany, NJ — John Guest USA, Inc. has leased 60,600 s/f at 20 East Halsey Rd. in Parsip- pany. The plumbing and indus- trial products manufacturer will relocate its North Ameri- can headquarters operation to the Morris County industrial/ flex property from Fairfield in an expansion play, according to Colliers International. Colliers’ John Donnelly , based in the global commer- cial real estate services firm’s Parsippany office, represented John Guest USA in orches- trating the long-term lease. P
In a separate transaction, Fast Casual Japanese chain Kobeyaki has opened a 1,706 s/f restaurant at 525 Washington St. in Jersey City, marking its first location outside of NYC. Colliers International NJ LLC Inc. served as tenant represen- tative for Kobeyaki, which is known for its fresh approach to Japanese food in a fast-casual environment. The landlord, MEPT Newport Tower, LLC, was represented by Lon Ru- backin of CBRE . Colliers’ Nancy Erickson , executive managing director; Kelly Bayer , associate direc- tor; and Jennifer Flores , as- sociate, who are based in the firm’s Parsippany office, also are exploring additional NJ opportunities for Kobeyaki. n T h e Go l d s t e i n Group inks store leases in Jersey City, Hoboken & Montclair PARAMUS, NJ — The Goldstein Group has placed three tenants throughout Jer- sey City, Hoboken, Montclair and other New Jersey areas according to Chuck Lanyard , president of The Goldstein Group. In Paterson, M&T Bank signed a lease for an 1,800 s/f unit at 162 Main St. Principal, Neil Goldstein , and sales associate, Roy Paret , were responsible for the transac- tion with the owner, 162 Main Street LLC, and the tenant. In Hoboken, Restore Cold Pressed leased a space at 305 1st St. The newly renovated mixed-use building has several luxury apartments with heavy foot traffic. Lew Finkelstein , executive VP, CJ Huter , vice president, and Christopher Conway , director represented the owner, Saminski Proper- ties, and tenant. In Jersey City, Flatbread Grill filled a 1,554 s/f space at 26 Journal Square. This is a prime retail space within a 1 block distance to the Journal Square PATH station. C hris- topher Conway , director, represented the landlord, LLC/ Kushner Cos., and the tenant in the transaction. In Ridgewood, Playa Bowls leased a 1,504 s/f space at 305 East Ridgewood Ave. Marc Palestina , sales associate at The Goldstein Group was re- sponsible for the transaction. n
wanted to elevate the brand's presence commensurate with their growth trajectory at a high-profile, stand-alone facil- ity,” he said. “The property at 20 East Halsey Rd. met these specifications beautifully, offer- ing a large multi-purpose space, building signage and visibility from I-287. GTJ Management recently renovated the build- ing – raising the roof, upgrad- ing the power and sprinkler systems, and updating the landscaping program. That pro- active move played a big part in securing John Guest USA’s commitment.”
20 East Halsey Rd.
Thomas Consiglio and Scott Peck from Resource Realty served as brokers for property owner GTJ REIT. According to Donnelly, John Guest USA’s growth in the
plumbing market required an expanded space, driving the Northern NJ search for a new headquarters location. “My cli- ent Byron Woodard, president of John Guest North America
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