A renovated school property in Newark is on the market for sale, in a newly announced offering by Lee & Associates New Jersey. Located in the city’s University Heights section, at 66-78 Morris Ave., the four-story property is a former charter school spanning roughly 34,000 square feet. The space contains 18 classrooms, a 5,200-square-foot gym, a 2,744-square-foot cafeteria, office and administrative space and a partial basement. Jerry Joseph, Tarang Ramani, Beth Chezmar and Jason Lynch…
Lee & Associates helps glass distributor ink 28,700 sq. ft. industrial lease in Clifton
Commercial glass distributor H Global Commerce Inc. this month leased 28,700 square feet of warehouse space at 31 Styertowne Road in Clifton, Lee & Associates New Jersey announced Thursday. The commercial real estate services firm’s Josh Krantz, Michael Schaible and Troy Wisse represented property owner Longpoint Realty Partners in the transaction. David Simon of Prominent Properties served as tenant broker. The property at 31 Styertowne Road sits 12 miles west of Manhattan. “Interest in this opportunity not only reflects sustained velocity for industrial…
KS Group buys 9,000 sq. ft. office building in home city of Newark, brokers say
A locally based developer has purchased a 9,000-square-foot office building in Newark, according to a brokerage team with Lee & Associates New Jersey. The buyer, KS Group, paid an undisclosed sum for the two-story property at 260 Broadway. Brokers noted that the building is minutes from the downtown and several nearby highways, while touting its investment potential due to its location within a federal Opportunity Zone. Lee & Associates assistant vice presidents Jerry Joseph and…
Marcus Partners adds Middlesex industrial property for $37 million, Lee & Associates says
A private owner has sold a two-building, 200,000-square-foot industrial property in Middlesex County, brokers with Lee & Associates New Jersey announced Wednesday. The buyer, Boston-based Marcus Partners, paid $36.5 million for the multitenant complex at 18-20 Harmrich Road in South Plainfield, according to a news release. The off-market deal provides another addition to the firm’s fast-growing portfolio in New Jersey, with a location that is minutes from Interstate 287 and other highways in the area….
Thor acquires 330,000 sq. ft. Passaic warehouse for $52 million
Thor Equities Group has acquired a fully leased, 330,000-square-foot industrial building in Passaic for $52 million, as it touts continued investment in the asset class and the region. The New York-based firm said the property, 153 Linden St., sits on 10.7 acres less than five minutes from Route 21 and 13 miles north of Newark Liberty International Airport. It completed the deal with an undisclosed seller, noting it has acquired three industrial buildings in northern…
Private equity firm buys 98,000 sq. ft. Clifton warehouse complex
Longpoint Realty Partners LP has purchased a two-building, 98,000-square-foot warehouse complex in Clifton, in a deal arranged by Lee & Associates New Jersey. Josh Krantz, a senior vice president with the brokerage team, represented Kessler-Schwartz Associates in its sale of the property at 31-35 Styertowne Road. He noted that the complex was a legacy asset for the seller, a multigenerational, multifamily ownership entity, prompting the off-market deal with the Boston-based private equity firm. Terms were…
Donation Drive for Suits for Success Underway Now
DONATE YOUR EXTRA BUSINESS ATTIRELee & Associates NJ will be hosting another Donation Drive to benefit Suits for Success. If your items are appropriate to wear to work and if you would still feel comfortable wearing your donated item to an interview, we’ll take it. Your donation will be helping someone less fortunate get on the road to success!ALL DONATIONS ARE TAX-DEDUCTIBLE.If you have any questions, please call Nicole Pietrontone at 732.369.5846THANK YOU FOR YOUR…
Lee & Associates Arranges 60,000 SF Medical Lease for St. Joseph’s Health
Investment will Create Enhanced Medical Hub Elmwood Park, NJ (June 2019) – Lee & Associates – New Jersey (Lee & Associates), a leading New Jersey-based full-service independent commercial real estate firm, announced it has represented St. Joseph’s Health in securing a long-term lease of 60,000-square-feet within a new 125,000 sf Medical Arts Complex being developed by CHA Partners (CHA) in Totowa, New Jersey. Lee & Associates brokers Brian Lynch, Peter Rasmusson, Jason Lynch and Joe…
Lee & Associates, marking 10 years in New Jersey, is primed for additional expansion
Rick Marchisio and Brian Lynch had been friends and industry colleagues for nearly 20 years, and they had often mused about the day they’d join forces to launch their own firm. Lee & Associates — a commercial real estate brokerage with roots on the West Coast — provided that opportunity in late 2008. The firm was in search of a new office in New Jersey, offering a chance to combine Lynch’s background in property management…