M id A tlantic Real Estate Journal — New Jersey — May 21 - June 17, 2021 — 9B
N ew J ersey Working as newpropertymanagement provider for ForMorristownNorthCommerce Center Sheldon Gross Realty overseeing 146,176 s/f warehouse and flex space in Cedar Knolls
EDAR KNOLLS, N J — Sheldon Gross Re- alty has been appoint- ed to provide full-time, prop- erty management services to Morristown North Commerce Center, an industrial flex facil- ity in Cedar Knolls. Under the arrangement, Sheldon Gross Realty works in conjunction with the property’s leasing agents, Lori Zuck and Jef- frey Furey , who are partners at Lee & Associates . Services provided by Shel- don Gross Realty for Mor- ristown North Commerce Center, located at 45 Horse Hill Road, include ongoing, in-depth analysis of the entire property to determine optimal utilization; coordinating and supervising repairs or renova- tions both to the building and all building systems; collecting tenants’ rent payments; pay- ing incoming invoices. “For a varied space of this size, with a range of different tenants, it’s essential to have a comprehensive property management provider,” said Marcy Gross , president of Sheldon Gross Realty. “And, the fact that we’re working in close collaboration with Lee & Associates, the property’s leas- ing agents, adds an additional level of service and expertise that significantly benefits ten- ants and ownership.” Located just minutes from downtown Morristown, the 146,176 s/f, single-story, multi- tenant structure also provides quick access to Rte. 287, Rte. 24, and Rte. 10. In Tinton Falls, a 12,818 s/f, class A warehouse space at 5030 Shafto Rd. was leased recently by an e-commerce company in a transactionman- aged by Sheldon Gross Realty. Newly constructed, the Shaf- to Rd. building features high bays and a 36-foot clearance for maximum capacity. Locat- ed in Monmouth County, the location is minutes from Rtes. 18, 34, 35, and 36. In addi- tion, it’s less than a mile from exit 105 on the Garden State Pkwy., and only a 20-minute drive from the NJ Tpke. “In New Jersey and else- where, warehouse space re- mains in extremely high de- mand – and even more so when it’s new construction,” said Marcy Gross. “As the exclusive marketing company for this building’s owner, we made sure that companies seeking a warehouse location
5030 Shafto Rd. in Tinton Falls
Morristown North Commerce Center in Cedar Knolls
mately, this transaction gave all parties exactly what they wanted.” MAREJ was the ideal fit in terms of the lease rate and various other considerations. Ulti- Let Us Help You Find the Perfect Location For Your Business were aware of the property. The strong demand triggered a quick response to our out- reach, and our next step was using our expertise to identify the prospective tenant that
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SHELDON GROSS REALTY, INC. REALTORS ● Corporate Real Estate Services 80 Main Street, West Orange, NJ 07052 Tel. 973-325-6200 - Fax. 973-325-9090 www.sheldongrossrealty.com
The information contained herein has been obtained from sources considered reliable, but no guarantee of its accuracy is made by this company. Subject to errors, omissions or withdrawal without prior notice.
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