2B — July 13 - 26, 2012 — New Jersey — Mid Atlantic Real Estate Journal
www.marejournal.com
N EW J ERSEY
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Distribution facility on 7.85 acres in Elizabeth Binswanger brokers 158,735 s/f sale to Seagis Property Group
E
LIZABETH, NJ — On behalf of Elizabeth Beverage Company,
Binswanger announces the sale of a 158,735 s/f distribu- tion facility on 7.85 acres. The property is located at 535 Dowd Ave. in Elizabeth. The buyer, Seagis Property Group, a owner of industrial real estate focused on the South Florida, Central/North- ern New Jersey, and JFK Air- port markets, has purchased the facility as an investment. The property is located in an Urban Enterprise Zone, one mile to NJ ports and Exit 13A on the New Jersey Turnpike. ISELIN, NJ — Newmark Grubb Knight Frank (NGKF) recently arranged seven new and renewed leases for more than 38,000 s/f at Woodbridge Corporate Plaza, 485 Route 1 South, in Iselin. David Simson, vice chairman of NGKF NJ operations, Jamie Drummond, Michael Staskie- wicz and Michael Marchese, all of the real estate services firm’s Rutherford office, represent
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535 Dowd Avenue in Elizabeth
The transaction was han- dled by Andrew Grabis, VP in Binswanger’s Morristown
office and Marc Policarpo, senior VP in Binswanger ’s Philadelphia, PA office. ■
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Newmark Grubb Knight Frank inks seven leases totaling 38,000 s/f at Woodbridge Corporate Plaza the building’s ownership, KBS Realty Advisors. The new leases: the tenant. The renewals by four ten- ants:
GFI Group signed for 10,500 s/f. The tenant was represented by CBRE. ReSearch Pharmaceutical Services, Inc. signed for 15,715 s/f. Newmark Knight Frank Smith Mack represented the tenant. Stern & Eisenberg PC signed for 2,477 s/f. NGKF represented
BioCon Limited extended its lease of 2,000 s/f. The tenant was represented by the Garib- aldi Group. SOA Software, Inc. renewed for 2,100 s/f. Indegene Pharmaceutical So- lutions renewed for 4,055 s/f. Swift Solutions, Inc. renewed for 1,208 s/f. ■
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