PISCATAWAY, NJ — Shoe wholesaler R&J Warehouse has signed a 103,350 s/f, full-building lease at Rutgers Industrial Center in Piscataway, announced Levin Management Corporation (LMC), asset manager for the five-building, 535,000 s/f industrial/warehouse complex. R&J Warehouse’s new space in 140 Circle Dr. North represents an expansion of the New York-based company’s operations, according to Robert Carson, LMC’s executive vice president. “The company will assume tenancy of the single-story building in late summer – immediately after the current tenant’s lease expires,” he noted. “The fact that the building will experience no period of vacancy reflects current market fundamentals. The industrial/warehouse sector is performing extremely well, and this lease clearly demonstrates sustained demand for quality space in Northern and Central New Jersey.” Rutgers Industrial Centers’ prime location and superior highway access drove R&J Warehouse’s interest in the 140 Circle Dr. North lease opportunity, Carson noted. The property sits in the heart of Middlesex County, easily accessible to I-287 and just five miles from Exit 10 of the New Jersey Turnpike. Commuter rail service, Newark Liberty International Airport, New York City and New Jersey seaports are all nearby. The R&J Warehouse transaction marks the third new lease signing at Rutgers Industrial Center in the last 18 months, and underscores the depth and breadth of LMC’s commercial platform. Chuck Fern of Cushman & Wakefield served as landlord broker in negotiating the transaction.
In other Levin news, Levin Management Corporation has announced the addition of eight new team members. The appointments span a variety of departments – including accounting, marketing, property management and legal – and underscore a period of record business growth for the North Plainfield-based organization.
The recent additions include controller Lai Lau, who brings more than 30 years of accounting experience specializing in shopping centers and commercial buildings to her new role. Aleksandra Pulawska-Baron also has come on board as a staff accountant, with more than 16 years of experience working on and overseeing audits at industry-leading accounting firms. Rounding out LMC’s newest accounting department personnel are bookkeeper Valerie Trani, accounts payable specialist Jason Pompeo and administrative assistant Donna Gonzalez.Additionally, Maria Tsampounieri has been appointed as marketing associate in the LMC marketing department. Her duties include helping to implement consumer engagement marketing programs for select client properties. LMC’s latest staff additions also include property manager Dylan Rotchford and legal department administrative assistant Sher’rae Bush.
“This is a productive, exciting time for our company, with momentum that is continuing in 2018,” said Matthew Harding, LMC president. “We take great pride in the quality of our team, and our newest additions are no exception. We are pleased to welcome these experienced professionals, who will be instrumental in helping us uphold the quality services our clients have come to expect while sustaining our growth and positioning LMC for future success.”