NEWS

By Joshua Burd   An owner-occupier has purchased a 73,000-square-foot warehouse property in Garfield for $16.5 million, brokers with Lee & Associates – WBE announced Friday. According to the brokerage team, the space at 325 Midland Ave., will support an expansion move by Deko International, a national distributor and supplier of food ingredients and related products. Its new facility provides it with easy access to Route 46, Interstate 80, the Garden State Parkway and other corridors,…

Lee & Associates New Jersey transitions to WBE designation Establishes largest WBE real estate brokerage firm in N.Y. metropolitan area By Linda Lindner (Elmwood Park) When it comes to woman-owned business enterprises, it seems fair to say that a commercial real estate firm would not be the first business to come to mind. But Elmwood Park-based Lee & Associates is just that. The firm is breaking barriers and has adjusted its title to Lee & Associates…

Lee & Associates arranges 34-acre industrial land sale in Mine Hill By Linda Lindner (Mine Hill) Lee & Associates New Jersey on Wednesday said it negotiated the sale of a 34-acre land parcel zoned for industrial development at 128 Iron Mountain Road in Mine Hill. The commercial real estate firm’s Drew Maffey, Rick Marchisio and Will Ziegler represented the buyer, while Lori Zuck and Jeff Furey represented the seller; both entities are privately held real estate…

Lee & Associates inks turnkey retail lease at Heights Plaza in Jersey City By ROI-NJ Staff (Jersey City) Dental Associates leased 1,260 square feet at Heights Plaza in Jersey City, according to a recent announcement from Lee & Associates New Jersey. Josh Krantz negotiated the long-term commitment to backfill a turnkey space that had long served as a dental practice at the grocery-anchored shopping center. Krantz represented both the landlord — his longtime client the…

Lee & Associates N.J. inks 2 industrial transactions totaling 733K sq. ft. By ROI-NJ Staff (Burlington/South Brunswick ) Underscoring the ongoing demand for well-located warehouse and logistics space, Lee & Associates New Jersey teams headed by Drew Maffey and Rick Marchisio arranged two industrial transactions totaling 733,000 square feet in Burlington and Middlesex counties. In the larger of the two signings, an international third-party logistics provider inked a 478,000-square-foot, full-building lease at 1620 River Road,…

Lee & Associates Arranges $10.5M Medical Office Sale in Bridgewater By New Jersey Business Magazine Kings Row Medical Properties has purchased a medical office/surgery center at 1081 Route 22 in Bridgewater for $10.5 million, announced Lee & Associates New Jersey. The commercial real estate firm’s Erica Davidson represented the private-entity seller and procured the buyer in the transaction; the firm’s Gary Sopko provided transactional support. Located in a market with strong demographics, this well-maintained asset…

Franco, Ganas join Lee & Associates New Jersey as Senior Vice Presidents By Joshua Burd Lee & Associates New Jersey has hired seasoned brokers Monica Franco and Claudia Ganas as senior vice presidents in its Edison office. The firm said Franco, a Colonia resident, specializes in the sale and leasing of industrial properties with a focus on central and southern New Jersey, having spent more than six years representing tenants, landlords, investors and developers both…

Lee & Associates N.J. brokers $1.1M specialty asset sale in Madison By ROI-NJ Staff (Madison) Lee & Associates New Jersey on Tuesday said it negotiated the sale of 170 Main St., a 7,900-square-foot historic building in Madison that served as a Masonic Lodge for nearly a century. The commercial real estate firm’s Peter Rasmusson and Rick Marchisio represented the seller, Madison Lodge No. 93, Free & Accepted Masons, in the $1.1 million transaction. The borough…

Veteran brokers March, Fowler join Lee & Associates New Jersey as Senior Vice Presidents By Joshua Burd Lee & Associates New Jersey has bolstered its Edison office with the addition of seasoned brokers Paul March and Mark Fowler as senior vice presidents. In a news release, the firm said March brings more than 38 years of office leasing experience representing both landlords and tenants, including global firms such as Samsung and LG Electronics. He specializes…