Longpoint Realty Partners LP has purchased a two-building, 98,000-square-foot warehouse complex in Clifton, in a deal arranged by Lee & Associates New Jersey. Josh Krantz, a senior vice president with the brokerage team, represented Kessler-Schwartz Associates in its sale of the property at 31-35 Styertowne Road. He noted that the complex was a legacy asset for the seller, a multigenerational, multifamily ownership entity, prompting the off-market deal with the Boston-based private equity firm. Terms were…
Donation Drive for Suits for Success Underway Now
DONATE YOUR EXTRA BUSINESS ATTIRELee & Associates NJ will be hosting another Donation Drive to benefit Suits for Success. If your items are appropriate to wear to work and if you would still feel comfortable wearing your donated item to an interview, we’ll take it. Your donation will be helping someone less fortunate get on the road to success!ALL DONATIONS ARE TAX-DEDUCTIBLE.If you have any questions, please call Nicole Pietrontone at 732.369.5846THANK YOU FOR YOUR…
Lee & Associates Arranges 60,000 SF Medical Lease for St. Joseph’s Health
Investment will Create Enhanced Medical Hub Elmwood Park, NJ (June 2019) – Lee & Associates – New Jersey (Lee & Associates), a leading New Jersey-based full-service independent commercial real estate firm, announced it has represented St. Joseph’s Health in securing a long-term lease of 60,000-square-feet within a new 125,000 sf Medical Arts Complex being developed by CHA Partners (CHA) in Totowa, New Jersey. Lee & Associates brokers Brian Lynch, Peter Rasmusson, Jason Lynch and Joe…
Lee & Associates, marking 10 years in New Jersey, is primed for additional expansion
Rick Marchisio and Brian Lynch had been friends and industry colleagues for nearly 20 years, and they had often mused about the day they’d join forces to launch their own firm. Lee & Associates — a commercial real estate brokerage with roots on the West Coast — provided that opportunity in late 2008. The firm was in search of a new office in New Jersey, offering a chance to combine Lynch’s background in property management…
Santander Bank renews long term lease at Crossroads at Livingston on 301 South Livingston Ave.
ELMWOOD PARK, New Jersey—March 14, 2018—Santander Bank has signed a long term extension of its lease at Crossroads at Livingston, 301 South Livingston Avenue in Livingston, N.J. The nearly 5,000 SF bank branch offers a full range of financial products and banking services, including drive-up and 24 hour ATM access. “We are pleased that Santander Bank, a longtime tenant of our building, has extended its lease”, said Eldad Levy, President of Centrock Corporation, owner of…
Lee NJ Donation Drive Supports the Less Fortunate to get on the Road of Success
Lee & Associates NJ hosted another Donation Drive to benefit Suits for Success earlier this year. Many professional suits, blouses, skirts, shoes, bags and ties were donated to assist other man and women to find their way back into the workplace, to make a great first impression, and to land a job that could change their lives. And we delivered. Great job and thanks to all who supported this wonderful cause.
Toys R Us Closure Creates New Jersey Commercial Real Estate Opportunities
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…
Jersey City Is Hot, Hot, Hot for Commercial Real Estate
Jersey City’s Harborside waterfront has long been a pleasant enough walking path for commuters headed to or from the train station. Today, though, Harborside has become the place to be. Soon to be anchored by a high-tech, 40-story Class A office building with 1.2 million square feet of space, Harborside is the place to be for those interested in commercial real estate. The long-term plan for the area is ambitious, following Brooklyn’s lead in transforming…