4B — June 8 - 21, 2012 — New Jersey — Mid Atlantic Real Estate Journal
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ASKING RIDGE, NJ — CBRE announced that Applied Commu- Sarno, Neuer & Denney reps tenant CBRE brokers 72,560 s/f lease in Basking Ridge B
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nication Sciences has signed a full-building lease totaling 72,560 s/f at 150 Mt. Airy Rd. The company, which was represented by the CBRE team of executive vice presi- dent Joseph Sarno, senior vice president Jeremy Neuer and vice president Robert Denney, intends to install numerous upgrades to suit its state-of-the-art research, consulting and engineering operations. “The tenant chose this property because it’s a great
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150 Mt. Airy Rd.
fit for its technology-based business with high-speed
CARTERET, NJ — The Hampshire Companies an- nounced the disposition of a 299,625 s/f industrial building located at 2-8 Germak Dr. to A.J. Richard & Sons, Inc. Situated on more than 15 acres, the property is conve- niently located in one of New Jersey’s prime distribution markets, offering easy access to the Port of New York/New Jersey, the New Jersey Turn- pike, and Newark Liberty International Airport. The Hampshire Companies ac- quired the property in 2008, fully leasing it to P.C. Richard & Sons, America’s number one family-owned and oper- ated appliance and electronics company. ■ The Hampshi re Cos. announces the disposition of 299,625 s/f “This is a significant trans- action and another sign that the local submarket is trend- ing in a positive direction,” said Falcon Real Estate In- vestment Management COO Scott Bennett. Falcon is the asset manager for the owner- ship group. ■ communication and plenty of lab space,” said Sarno. “The infrastructure, location and numerous amenities make this a very desirable building in this market.” The two-story, class B building contains a mix of of- fice, data, and technology lab space. Located at Exit 28 on Interstate 287, it is in close proximity to I-78, Routes 22 and 24 and has access to mass transit. CBRE se- nior vice presidents Geoffrey Schubert and Samuel Buck- ley represented the owner in marketing the property for sale.
2011 Leasing Totals: 99.8% Occupied 3,647,365 SF Leased Heller Industrial Parks
Huge Foreign Trade Zone
Energy Efficient Warehouse Lighting
60% Lighting Bill Reduction
20% Solar Energy Electric Rebates
Leasing for less in Central Jersey.
205 Mill Road, Edison NJ 08837
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