ELMWOOD PARK, New Jersey—March 14, 2018—Santander Bank has signed a long term extension of its lease at Crossroads at Livingston, 301 South Livingston Avenue in Livingston, N.J. The nearly 5,000 SF bank branch offers a full range of financial products and banking services, including drive-up and 24 hour ATM access. “We are pleased that Santander Bank, a longtime tenant of our building, has extended its lease”, said Eldad Levy, President of Centrock Corporation, owner of…
Lee & Associates New Jersey Announces Sale of 50 – 52 Fadem Road in Springfiled, NJ
ELMWOOD PARK, New Jersey—April 6, 2018—The New Jersey office of Lee & Associates is pleased to announce the sale of 50-52 Fadem Road in Springfield, New Jersey, a modern, 207,000 SF industrial facility on 10+ acres. Attributes include ceiling heights ranging from 22 to 32 feet, multiple loading docks and executive office space. Situated just off Route 22 in Springfield, the facility has direct, toll free access to Port Newark/Elizabeth. The team of Rick Marchisio, Crista Bartolomeo…
Veteran Property Manager Michelle Szczesny Joins Lee & Associates NJ
ELMWOOD PARK, New Jersey—October 6, 2017—The New Jersey office of Lee & Associates, the largest broker-owned commercial real estate firm in the nation, has added Michelle Szczesny as Property Manager to its Elmwood Park office. Szczesny, whose expertise covers security, leasing, cost containment, construction, accounting, and tenant/project management, has managed more than 5.6 million square feet of office, retail and industrial properties located in the New Jersey, New York, Pennsylvania and North and South Carolina…
157,000 SF Sale of One Commerce Drive, Cranford, NJ
ELMWOOD PARK, NJ – July 2017 Lee & Associates’ Central New Jersey Industrial Team is pleased to have brokered the sale of a 157,000 SF industrial building located at 1 Commerce Drive in Cranford. Richard Marchisio, Crista Bartolomeo and Brian Lynch of Lee & Associates assisted in the sale. About Lee & Associates, New Jersey Lee & Associates – New Jersey is a unique and dynamic commercial real estate services firm with two locations –…
Sale of 12,550 SF Industrial Building at 84 Industrial Ave, Little Ferry
ELMWOOD PARK, NJ – June 2017 Lee & Associates has sold 84 Industrial Avenue, Little Ferry, NJ (12,550 SF Industrial Building) to Levest Electric Corp of Manhattan. Levest was represented by Cushman & Wakefield. Scott Deutchman and Troy Wisse of Lee & Associates handled the property for Pyramid Group of Ramsey. This transaction gave a mid-town New York company the ability to service their New York market and maintain a larger facility to accommodate a…
Mountainside, Chatham & Fairfield Deals
Lee & Associates New Jersey Closes Over $15 Million in Transactions ELMWOOD PARK, New Jersey—April 21, 2017—Doug Gaffney and Jason Lynch of Lee & Associates New Jersey, recently closed three transactions with an aggregate deal value exceeding $15 million. In the largest of the three transactions, the team sold a fully leased two building industrial complex on 9.2 acres on behalf of Panther Graphics LLC. The two building campus is located at 256-270 Sheffield St….
Structured Finance Raises Lee Industry Profile
ELMWOOD PARK, NJ—Here are two basic market truths. First is that we’re still feeling the effects of the 2008 downturn as the market continues to rebuild its capital-market position. Second is that, as a market presence, Lee & Associates, the Orange, CA-based brokerage house, has always been thought of as just that, a brokerage house. While responding to the first issue, Gary Sopko and Matthew Schnurr solved the second when, earlier this year, they joined Lee to launch the firm’s structured…
First Transit Group Inks Lease Agreement at 896 Frelinghuysen Ave.
ELMWOOD PARK, NJ – October 2016 – Scott Deutchman, who joined Lee and Associates as Vice President in December 2014, recently announced the 7-year lease of 896 Frelinghuysen Avenue in Newark, New Jersey. The deal, in which Lee & Associates represented First Transit Group out of Cincinnati, Ohio, encompasses more than 83,000 square feet and will serve as a depot for vehicles that transport individuals in the Essex & Union County districts in New Jersey —as First Transit is contracted…
Lee & Associates Lists Mixed-Use Building on Clinton Avenue
EDISON, NJ – September 2016 Commercial real estate services company Lee & Associates NJ is pleased to list a property at 485 Clinton Avenue in Newark with great potential for development. The building is situated directly across the street from city of Newark Police Headquarters. This is a prime corner location at Clinton Avenue and Bergen Street. The building’s location lends itself to the development of street level retail with apartments on upper floors. The…