Sheldon Gross Realty EVP Bob Nathin brokers lease for 308,550 s/f building
SOMERSET, NJ — Sheldon Gross Realty, through executive vice president Bob Nathin, has negotiated a long-term lease of the 308,550 s/f building at 101 Randolph Rd. in Somerset.
The location has been leased to snacks and confections maker PIM Brands, a subsidiary of New Jersey-based Promotion In Motion, Inc. Nathin worked on the transaction with Chuck Fern of Cushman and Wakefield; JLL represented the landlord, Bridge Development Partners.
PIM Brands also operates several other facilities, including a 250,000 s/f production location in the immediate vicinity. So, the new building – which will be utilized both for warehousing and distribution – represents another expansion. Parent company Promotion in Motion is among the world’s 50 largest candy manufacturers.
“I’ve worked with Promotion In Motion on multiple transactions,” said Nathin. “This building addresses the company’s growing needs related to warehousing and product distribution. With its primary manufacturing location literally around the corner, 101 Randolph Rd.is an ideal location.”