NORTHERN NJ — The Blau & Berg Company has arranged a lease of a ± 5.5 AC parcel with a ± 11,200 s/f building at 87 Doremus Ave. in Newark. Blau and Berg’s Jason Crimmins, CCIM, SIOR, Alessandro (Alex) Conte, CCIM, SIOR, and Peter Murano, SIOR represented the landlord, while Blau & Berg senior associate Troy Schaasfma represented the new tenant, Caucasus Auto Import.
Located in Newark, the parcel at 87 Doremus sits less than one mile from Highways 1 & 9, with direct access to the Lincoln Tunnel and I-95, and in close proximity to Newark Liberty International Airport and the Ports of Newark and Elizabeth.
“Continued demand for Industrial Outdoor Storage (IOS) has made parcels such as this one at 87 Doremus valuable contributors to this growing asset class as an extension of industrial hubs, especially in and around the port region,” said Jason Crimmins, president of Blau & Berg. “There are a limited number of prime locations available to meet the logistics needs of those looking to operate in this space, so we were especially pleased we could arrange this lease between the landlord and Caucasus through our in-house relationships.”
In Carlstadt, The Blau & Berg Company has finalized a lease extension on a ± 2 AC truck terminal on Avenue A. The lease extension was brokered by Crimmins, Murano, and Crimmins.
The facility features a ± 7,500 s/f maintenance and transload facility with six docks and two drive-ins. The property sits in close proximity to Interchange 16w of the NJ Tpke., adjacent to the Meadowlands Sports Complex, and Rte. 17, Rte. 46 and Rte. 3.
“Location was a key variable in the tenant committing to extending the lease on this property”, said Crimmins. “Well positioned distribution and truck facilities in this area are still in demand due to the limited amount of IOS parcels in the Meadowlands.”
Using Rework freight services was a great decision for me! The company approached the task professionally, ensuring fast and reliable delivery of goods. I especially liked the flexibility in choosing tariffs and the personal approach of managers. All stages of logistics were transparent and prompt, which helped save time and minimize costs. Now I am sure that the cargo will always be delivered on time and intact.