SUDLER LEASES 67,000 SQUARE FEET AT SUDLER CORPORATE PARK

LAKEWOOD, N.J. — The Sudler Companies has leased a total of 67,000 square feet located within Sudler Corporate Park, the developer’s 250-acre business park located in Lakewood. In the first transaction, Elaut USA signed a new lease for 25,000 square feet of space at 1000 Towbin Ave., a 50,000-square-foot warehouse facility. Elaut will use the space as its corporate headquarters, which will also contain a parts and service department, space for support staff and executive offices. The building is now fully occupied. Sudler’s Jeff Hale provided in-house representation for the landlord in the transaction. The tenant was represented by William Hettler, Jr. of Logistics Realty. In the second transaction, R Tape/Custom Extrusion Technologies renewed its lease for a 42,000-square-foot building located at 1650 Corporate Park West. The tenant occupies the entire facility. Hale represented both parties in lease negotiations. Sudler Corporate Park contains a total of 1.3 million square feet of light industrial, distribution and office space.