EDISON, NJ, — Zimmel Associates reports recent deals. “As a company, we have been extremely active in the industrial market and are seeing good opportunity for tenants in the office market,” said Jordan Zimmel, vice president, Zimmel associates. Recent deals at the firm include:
Jordan Zimmel arranged a 15-year lease of 22,128 s/f at One Murray Rd., East Hanover, NJ, to Central Jersey Volleyball Academy. “This type of business requires high ceilings and clear span space with no columns, which can be hard to find,” said Jordan Zimmel. “One Murray Rd. is a new building and met all the tenant’s space and demographic requirements. It is zoned for recreational use and is located near schools,” he adds. Zimmel represented Central Jersey Volleyball Academy in the transaction. The landlord is Diamond City Sports, LLC.
Scan Shipping, an international shipping and logistics company, leased 5,000 s/f of office space at 140 Smith St., Keasbey, a five- story 24,000 s/f office building located just outside of Raritan Center. “The landlord, Parkway Corporate Center, LLC, did a complete build-out to tailor the space for Scan Shipping,” said Jordan Zimmel, who handles the building for owner Parkway Corporate Center, LLC. Zimmel represented the owner and the tenant in the transaction.
Jaime Zimmel, vice president, Zimmel Associates, brokered the sale of 19 East Elizabeth Ave., Linden, a 14,000 s/f two-story industrial building located near the Linden train station, to F. C. Foods for a sale price of $1.1 million in a 1031 exchange. “We were able to negotiate a favorable sale price as the building had been vacant for quite some time. The new owner plans to fully renovate it to meet approvals for food manufacturing,” said Jaime Zimmel.
Jaime Zimmel also brokered the lease of 18 Self Blvd., a 20,000 s/f freestanding warehouse in Alard Industrial Park, Carteret, to Aeronet, Inc., a worldwide logistics and shipping company. “They liked the building as it was move in ready and located right off Exit 12 of the New Jersey Tpke.,” he said. Alard Industrial Park, which consists of 11 flex buildings totaling 140,000 s/f, is handled exclusively by Zimmel Associates.
Jason Zimmel, sales associate, Zimmel Associates, arranged the lease of 1,200 s/f of office space at 1090 King Georges Post Rd., Edison, to Transportation Services of America; and the lease of approximately 1,200 s/f at 906 Oak Tree Rd., South Plainfield, NJ, to ASC Corp., a staffing firm.