ELIZABETH, N.J. — Major Kitchen Cabinet Inc. has signed a 75,000-square-foot industrial lease at 502 York St. in Elizabeth, located just south of Newark. The wholesale cabinet provider will be expanding from a 40,000-square-foot space in Brooklyn when the full-building lease commences later this year. The new space features 22-foot clear heights and six loading docks. Locally based investment firm Elberon Development Group owns the property, having acquired it in 2015 at full occupancy.
ELIZABETH, N.J. — NAI James Hanson has negotiated a 49,300-square-foot industrial sublease for third-party logistics company Z Brothers Express Inc. in Elizabeth, a suburb of New York City. The space is located within a 143,756-square-foot, Class A industrial building at 560-596 Bercik St. The warehousing and distribution facility sits on 6.4 acres and features nine tailgates, one drive-in door and a clear height of 30 feet. Eric Demmers and Russell Verducci of NAI James Hanson represented the sub-landlord, RIM Logistics Ltd., in the lease negotiations. Rubicon Representation represented Z Brothers Express
PARSIPPANY, N.J. — North Jersey Dermatology Center (NJDC) has signed a 1,343-square-foot medical office lease in Parsippany, approximately 35 miles west of New York City. The space is situated within Parsippany Commons, a three-story, 54,000-square-foot office building located at 3219 Route 46 East. The lease at Parsippany Commons marks NJDC’s fourth office location, joining its Rockaway, Clifton and Newfoundland offices. The company worked closely with Core Enterprises, the landlord’s in-house design and construction team, as well as Cerminara Architects, to design and execute the build-out of its new office space. Stephen Graziano of Colliers International represented the landlord, Larken Associates, in the lease negotiations.
LYNDHURST, N.J. — CBRE has brokered the sale of a 180,000-square-foot industrial facility in Lyndhurst, a northwestern suburb of New York City. Located at 1201 Valley Brook Ave., the facility features 11 loading docks, parking for 162 cars and a clear height of 26 feet. The property is located less than 30 miles from Newark Liberty International, La Guardia and John F. Kennedy International Airports and 14 miles from the Port Newark Container Terminal. The building formerly served as a distribution center for apparel retailer Barney’s but was vacant at the time of sale. Thomas Monahan, Brian Fiumara and Steven D’Amato of CBRE represented the seller, a private investor, in the transaction. The team also procured the buyer, Sitex Group.
CRANBURY, N.J. — JLL has negotiated a 68,000-square-foot office lease for WuXi Biologics, a Chinese medical technology development company, in Cranbury, a northeastern suburb of Trenton. The company has leased the entirety of a facility located at 7 Clarke Drive for 10 years. The building includes a research and development laboratory, biologics manufacturing space and office space. The facility was constructed in 1998 and is located within Cedar Brook Corporate Center, a 1.2 million-square-foot office and technology park. This is the third lease for the WuXi Biologics in the United States, along with a facility in Worcester, Massachusetts, and a 33,000-square-foot development laboratory in King of Prussia, Pennsylvania. Cedar Brook Corporate Center, the owner of the building, was represented internally. Robert Ryan and John Buckley of JLL represented WuXi Biologics in the lease negotiations.
MOUNT LAUREL N.J. — Brooklyn-based private equity firm Golden Gate Capital has acquired a seven-building office portfolio in Mount Laurel, an eastern suburb of Philadelphia, for $14.8 million. The portfolio totals 244,000 square feet and includes a building located at 10001 Briggs Road in the Cambridge Crossing office complex, as well as six buildings in Greentree North Corporate Center. Tenants of the portfolio include Vertical Screen, Cooper Institute for Reproductive Hormonal Disorders, Ancero LLC, Just Children and Virtua Infectious Disease. Both properties offer convenient access to the New Jersey Turnpike and Interstate 295. Stephen Marzullo, Adam Silverman and Jon Sarkinsian of CBRE represented the undisclosed seller in the transaction.
PARSIPPANY, N.J. — The Kislak Company Inc. has brokered the $4.3 sale of Colony Plaza, a 40,000-square-foot office and retail property in Parsippany, a northwestern suburb of New York City. The site is located on a 3.2-acre site at 1180-1220 Route 46 near State Routes 10 and 287 and currently houses three buildings. Tom Scatuorchio and Matt Weilheimer of Kislak represented the seller, a private investor, in the transaction. The buyer was undisclosed.
EAST RUTHERFORD, N.J. — A partnership between New York-based developer Sterling Properties and Willton Investment Group has opened Central & Oak, a 208-unit luxury multifamily community in East Rutherford, a northwestern suburb of New York City. Located at 80 Oak St., the seven-building property features one- and two-bedroom units and amenities including a resident clubhouse, outdoor terrace, green space and a fitness center. Residences range in size from 724 to 1,308 square feet. The property offers convenient access to the Rutherford Trail Station, MetLife Stadium and the American Dream shopping and entertainment destination.
MORRIS PLAINS, N.J. — Third-party logistics provider Cryoport, which provides climate-controlled distribution services for biopharmaceutical and animal health organizations, has signed a 20,000-square-foot industrial lease in Morris Plains, approximately 35 miles west of New York City. Cryoport is relocating from Livingston, New Jersey, to a space that is located inside a 55,000-square-foot distribution facility at 900 American Road. Robert Donnelly Jr. of Cushman & Wakefield represented Cryoport in the lease negotiations. Gregory Sabato and Scott Peck of Resource Realty represented the landlord, Commercial Realty Group of Parsippany.
BURLINGTON, N.J. — Wolf Commercial Real Estate (WCRE) has negotiated a 2,918-square-foot office lease for Vitality Hospice Care in Burlington, a southern suburb of Trenton. The space is located within a 63,400-square-foot office building at 460 Veterans Drive. The Class B office property was constructed in 1984 and offers convenient access to the New Jersey Turnpike, the New Jersey Transit River Line station and Interstate 295. Kevin Coleman and Victor DeJesus of WCRE represented Vitality Hospice Care in the lease negotiations. The team also represented the landlord, H & W Holding Group LLC.