The iconic American toy store, Toys R Us, filed Chapter 11 bankruptcy in September 2017. In mid-March 2018, the retail chain announced that it was going out of business and shutting down its 1,758 locations around the world. Toys R Us operated in more than 25 cities in New Jersey. For companies looking to get a good deal on prime commercial real estate in the New Jersey market, bidding for the closed Toys R Us…
Lee & Associates New Jersey Announces Sale of 50 – 52 Fadem Road in Springfiled, NJ
ELMWOOD PARK, New Jersey—April 6, 2018—The New Jersey office of Lee & Associates is pleased to announce the sale of 50-52 Fadem Road in Springfield, New Jersey, a modern, 207,000 SF industrial facility on 10+ acres. Attributes include ceiling heights ranging from 22 to 32 feet, multiple loading docks and executive office space. Situated just off Route 22 in Springfield, the facility has direct, toll free access to Port Newark/Elizabeth. The team of Rick Marchisio, Crista Bartolomeo…
Lee & Associates 2017 Broker Summit
It’s time again to sign up for the 2017 Broker Summit! …Keep Calm and Rock On! When and Where? October 11 – 12, 2017 @ The Encore, Las Vegas, NV The Lee Rock tour, which started in 1979 and continues today with its 24-7, 365-day tour across the U.S. and Canada, will make a stop in Las Vegas, October 11-12, as we gather for Lee & Associates’ huge two-day Broker Summit. The list of events…
One Acre with Redevelopment Potential: Be Part of the Trenton Rebirth!
FOR SALE: Adeline and Malone Streets, Trenton, NJ 08611 View Aerial Property Tour below: Why Trenton? Watch Video below: View Offering Memo Property Highlights: School Building: 30,000 SF – Usable for education, recreation, office, conversion to multi-family housing – possible 20 apartments Parsonage: 7,500 SF – Usable for office, housing – possible 5 apartments Residential Property: 2,000 SF Other: 7 Car Garage Parking + 22 exterior parking spaces BE PART OF THE TRENTON REBIRTH A City…
Mountainside, Chatham & Fairfield Deals
Lee & Associates New Jersey Closes Over $15 Million in Transactions ELMWOOD PARK, New Jersey—April 21, 2017—Doug Gaffney and Jason Lynch of Lee & Associates New Jersey, recently closed three transactions with an aggregate deal value exceeding $15 million. In the largest of the three transactions, the team sold a fully leased two building industrial complex on 9.2 acres on behalf of Panther Graphics LLC. The two building campus is located at 256-270 Sheffield St….
Structured Finance Raises Lee Industry Profile
ELMWOOD PARK, NJ—Here are two basic market truths. First is that we’re still feeling the effects of the 2008 downturn as the market continues to rebuild its capital-market position. Second is that, as a market presence, Lee & Associates, the Orange, CA-based brokerage house, has always been thought of as just that, a brokerage house. While responding to the first issue, Gary Sopko and Matthew Schnurr solved the second when, earlier this year, they joined Lee to launch the firm’s structured…
First Transit Group Inks Lease Agreement at 896 Frelinghuysen Ave.
ELMWOOD PARK, NJ – October 2016 – Scott Deutchman, who joined Lee and Associates as Vice President in December 2014, recently announced the 7-year lease of 896 Frelinghuysen Avenue in Newark, New Jersey. The deal, in which Lee & Associates represented First Transit Group out of Cincinnati, Ohio, encompasses more than 83,000 square feet and will serve as a depot for vehicles that transport individuals in the Essex & Union County districts in New Jersey —as First Transit is contracted…
Lee & Associates Lists Mixed-Use Building on Clinton Avenue
EDISON, NJ – September 2016 Commercial real estate services company Lee & Associates NJ is pleased to list a property at 485 Clinton Avenue in Newark with great potential for development. The building is situated directly across the street from city of Newark Police Headquarters. This is a prime corner location at Clinton Avenue and Bergen Street. The building’s location lends itself to the development of street level retail with apartments on upper floors. The…
The Tile Shop Signs Lease for South Brunswick Space
ELMWOOD PARK, NJ – August 2016 – The Tile Shop has agreed to lease just over 103,000 square feet of industrial space for their regional distribution center at Heller Park in South Brunswick. Dave Saltzman, Sr. Vice President from Lee & Associates – New Jersey represented the Tile Shop, and negotiated with David Paster from Heller Industrial Parks on the agreement for the property. The Tile shop is a rapidly growing national retailer of imported…