EAST BRUNSWICK, NJ — Denholtz Properties, a privately held, fully integrated real estate development and investment company, announces that Y&W International has signed a lease renewal for 10,000 s/f of flex/industrial space at the Edgeboro Corporate Center at 12-16 Edgeboro Rd. in East Brunswick.
The Edgeboro Corporate Center is a two-building, 84,000 s/f flex property with units up to 20,000 s/f. The buildings offer superb amenities and convenience in an outstanding locat
What is your greatest professional accomplishment?
Contributing to my family’s business is a very big accomplishment. I think it is very special to work with my father and two of my brothers. We want to keep growing our business and to be a part of that is very fulfilling.
Who or what has been the strongest influence in your career? My father. I have always looked up to my father throughout my life. Seeing the effort he puts not only into business but into his family as wel
CLARK, NJ — Full-service real estate company Mountain Development Corp. (MDC) and joint-venture partner Bukiet Building and Management Co., LLC (Bukiet) have recently sold 67 Walnut Ave., a 76,000 s/f five-story office building in Clark. The multi-tenanted Union County building was traded to a private investor for $10.525 million.
MDC and Bukiet purchased the building in 2015 and have completed a series of capital improvements – including a new roof, new parking lot, new e
CLARK AND SOMERSET, NJ — Zimmel Associates reports the sale of industrial buildings in Clark and Somerset. Both buildings were exclusive listings of the firm.
In the first transaction David Zimmel, CEO, Zimmel Associates, handled the $3.6 million sale of 51 Terminal Avenue, Clark, a 30,000 s/f, one-story, free-standing industrial building that features quick access to Exit 135 of the Garden State Pkwy. The buyer is WBC Industries, Inc., a distributor of VELCRO and Aplix hook
What is your greatest professional accomplishment? Obtaining my Brokers License. What is your most notable deal or transaction? A 100,000 s/f office lease in Metropark for Hatch Mott Macdonald. We represented Hatch Mott Macdonald on the leasing side. It was one of our biggest deals ever. Who or what has been the strongest influence in your career? My father and grandfather who I luckily was able to learn the business from. Tell us how and when you began your career in the pro
What is your greatest professional accomplishment? A 10-year lease for a 27,000 s/f warehouse in Avenel. This was one of my favorite professional accomplishments because it was 10-year term and the size and type of building for this transaction was difficult to find. After touring limited buildings with my client, this building suited all their needs with minimal work. What is your most notable, deal or transaction? Leasing of a 42,000 s/f warehouse in East Brunswick. This wa
What is your greatest professional accomplishment? Recently helping to sell 51 Terminal Blvd., a 30,000 s/f building in Clark. Being a part of the process was a great learning experience at this point of my career. The building had some unique characteristics. Having the opportunity to participate in a deal like that from the very beginning to the end showed me first hand that there is always a customer for every building and we as brokers can help them see the potential. We
Somerset, NJ — David Zimmel, CEO, Zimmel Associates, the Edison-based corporate real estate services firm, has brokered the $6.8 million sale of Two Executive Dr., an 83,258 s/f office building located in Somerset, to the Torsiello Organization, Edison, one of the leading construction, development and property management companies.The seller is Denholtz Associates, the Matawan-based real estate management and investment firm. The building is known as Somerset Executive Square
Barring any unforeseen events, and as long as interest rates stay close to where they are now, New Jersey’s office and industrial real estate markets in 2018 should be somewhat similar to 2017. I think it's going to be another robust year for the industrial sector, but not as record breaking. The office market will be active, yet overall absorption rates will stay about the same.
Industrial rents are the highest I have ever seen in my 35 plus years of serving this marketpla
EDISON, NJ, — Zimmel Associates reports recent deals. “As a company, we have been extremely active in the industrial market and are seeing good opportunity for tenants in the office market,” said Jordan Zimmel, vice president, Zimmel associates. Recent deals at the firm include:
Jordan Zimmel arranged a 15-year lease of 22,128 s/f at One Murray Rd., East Hanover, NJ, to Central Jersey Volleyball Academy. “This type of business requires high ceilings and clear span space with
EDISON, NJ — Zimmel Associates, the Edison, NJ based corporate real estate services firm, reports recent leases in Edison and Clark, NJ.
In the first transaction, EOS Energy Storage signed a 10-year lease for 3920 Park Ave., a 63,500 s/f freestanding brick building located in Edison. EOS Energy Storage provides energy storage solutions for utilities and commercial and industrial facilities.
The owner of the building is United States Land Resources of Morristown. David Zimme
East Brunswick, NJ — Denholtz Associates, a privately held, fully integrated real estate development, investment and management company, has announced the sale of two fully-leased flex properties totaling 107,000 s/f located at One Kimberly Rd. and Ten Alvin Court in East Brunswick. The sale was made to Greek Development.
These fully stabilized, 100% occupied properties are located only an hour from New York City and feature easy access to Rte. 18 via Tices Lane and are in
New Heights As Zimmel Associates, the Edison, NJ based corporate real estate services firm marks its 30th year in business, David Zimmel, president and CEO says, “The past three decades have flown by like lightening. It is amazing how much our industry and company have evolved over the years.”
Zimmel’s firm, located in Raritan Center, specializes in the leasing, sale and management of industrial, office and investment properties and represents more than five million sq. ft.
David Zimmel is president and owner of Zimmel Associates, a highly successful boutique corporate real estate services firm located in Edison, NJ. Founded in 1986 by Zimmel and his father Bernard, Zimmel Associates is well known in the state for industrial and office space leasing, sales, on-and off-market investment opportunities, advantageous sale/leaseback transactions and 1031 exchanges that help investors retain capital.
His positive point of view about the challenges o
How is the office space market in NJ doing?
There has been a sight decline in vacancies overall. However, the office market remains somewhat flat. Certain areas such as Metro Park, Jersey City, Weehawken, Hoboken and Newark show rent growth.
For instance, in Metro Park we handle 100 Wood Ave., a 130,000 s/f building. Rent is $26 a s/f and only two units are available of 2,500 and 2,300 s/f. Areas such as Red Bank, Westfield, Cranford and Somerville show some growth as we
Q First, what is flex space? A. Flex space is industrial space that can have a higher office space component, averaging 20 to 40 percent, whereas a standard industrial building may have 15 percent of office space. It offers more flexibility for usage as office, assembly, warehousing or manufacturing, whereas standard industrial space can be limiting. A typical flex building contains 50,000 s/f that divides into 5,000 and 10,000 s/f units. Tenants can start in 5,000 s/f and ex