NORTHERN NJ — Jordan Zimmel, VP of Zimmel Associates, has orchestrated the acquisition of three leases, and two sales across New Jersey.
Levine, Furman, and Rubin, LLC, esteemed Estate Planning and Elder Law Attorneys from East Brunswick, sought premium office space in the Monroe, Marlboro, or Morganville area. Leveraging his expertise, Jordan Zimmel identified a promising sublease opportunity. When the sub-tenant negotiated a buyout, Zimmel transitioned to a direct lease agreement with the landlord, securing a 5,000 s/f space "as-is" for a five-year term under the original sub-lease conditions. This prime property located at 1113 – 1116 Campus Dr. West in Morganville, managed by CBRE, is now the new home for Levine, Furman, and Rubin, LLC, with Zimmel representing the tenant and orchestrating a flawless transaction.
In Bernardsville, Jordan Zimmel executed an impressive lease agreement with LaBar Golf Renovation, a highly successful golf course renovation company. Initially leasing 1,500 s/f at 150 Morristown Rd., LaBar expanded by an additional 1,100 s/f within a year due to the area's potential and their business growth.
Following the property's sale from Denholtz Properties to Pride Global and LaBar’s subsequent business boom, they opted for a substantial expansion, leasing an additional 5,400 s/f for seven years. As a result, they will be relinquishing their initial spaces. Jordan Zimmel managed both sides of this transaction, ensuring a seamless process for all parties involved.
The third major lease orchestrated by Jordan Zimmel was at 5 West Chimney Rock Rd. in Bridgewater, a 22,000 s/f building managed by Zimmel Associates.
The building’s front section was leased to an existing tenant needing additional space after their original building and nearby buildings were demolished to make way for a larger structure. This transition freed up 8,000 s/f, which was promptly leased by Palmieri Movers, a family-owned and operated business.
"Palmieri Movers had been in regular contact with us for years regarding this park, but we previously had no suitable space to meet their requirements," said Zimmel.
"Coincidentally, they reached out to us just as the 8,000 s/f became available.
Seizing the opportunity, they immediately decided to lease the space for five years. This timely arrangement benefitted both parties, showcasing our commitment to accommodating the changing needs of our clients."
In Roselle, Jordan Zimmel negotiated the sale of two prominent buildings located at 223-235 Saint George Ave. for $1.2 million. The properties span 0.74 acres and include a 2,600 s/f Jiffy Lube, a long-time tenant since the late '80s, providing essential automotive services to the community. The adjacent mixed-use building, totaling 2,663 s/f, features a popular hair salon on the ground floor and two residential units above.
Situated in a prime location with excellent frontage on Saint George Ave., the buildings benefit from high visibility and substantial foot traffic, complemented by major tenants in the area, such as McDonald's. Roselle's vibrant community, excellent schools, and proximity to major highways, including Rte. 1 and Rte. 9, make it an attractive area for both businesses and residents.
"The owner of this complex essentially owned the entire street, gradually subdividing and selling off each building. These were the last two in their portfolio on the street," said Jordan Zimmel.