Hamilton, NJ — Fennelly Associates, and Keyser, a full-service commercial real estate brokerage firm based in Scottsdale, AZ, announced they have negotiated the sale of a 9,772 s/f office building at 2291 Rte. 33 in Hamilton. for $2.3M. Fennelly Associates and Keyser represented the buyer, DMI, in the transaction.
Established in 1957 in Melville, N.Y, DMI is one of the longest-running, continuously operating cooperative warehouse groups in the US. Amidst significant growth, the company recognized that its existing warehouse space was ill-suited to its needs both in function and size. The firm initially contacted Keyser to secure a new warehouse space that would allow for efficient cross-docking and storage capabilities. Earlier in 2023, the company negotiated a lease for a brand-new 845,078 s/f warehouse located at 1365 Lamberton Rd. in Trenton. However, its growth also necessitated a new office. Keyser, leveraging the SIOR network, contacted Jerry Fennelly, SIOR, president of Fennelly Associates, to help DMI secure an office space for the company. Fennelly was able to identify 2291 Rte. 33 in nearby Hamilton as the ideal location for DMI’s offices.
“The national reach of the SIOR network ensures companies can find a trusted, experienced broker to help them meet their space needs in any market and asset class,” said Fennelly. “We were happy to work with Keyser to provide DMI with an ideal office space to accompany their brand-new warehouse. We look forward to the next opportunity to work closely with our SIOR colleagues to help a client achieve its goals.”
At the Van Nest Office Park in Hamilton, Fennelly Associates brokered leases for 3,700 s/f with Thrive Financial Services, 1,945 s/f with Empro Insurance, and 1,450 s/f with Caplin Point Labs at 3840 Quakerbridge Rd. Jerry Fennelly, SIOR represented the landlord in all three transactions.
3840 Quakerbridge Rd. is a 33,000 s/f, two-story office building located less than two miles from the intersection of Rte. 1 and I-295. 3840 Quakerbridge Rd., joined by an identical adjacent building at 3836 Quakerbridge Rd. forms the Van Nest Office Park, a modern office campus bordering the Van Nest Wildlife Refuge, a 98-acre wildlife management area.