{"id":356,"date":"2017-04-21T17:53:51","date_gmt":"2017-04-21T17:53:51","guid":{"rendered":"https:\/\/www.lee-associates.com\/wbe-dev\/?p=356"},"modified":"2017-06-19T16:00:13","modified_gmt":"2017-06-19T16:00:13","slug":"mountainside-chatham-fairfield-deals","status":"publish","type":"post","link":"https:\/\/www.lee-associates.com\/wbe\/2017\/04\/21\/mountainside-chatham-fairfield-deals\/","title":{"rendered":"Mountainside, Chatham &amp; Fairfield Deals"},"content":{"rendered":"<p style=\"text-align: left\" align=\"center\"><strong>Lee &amp; Associates New Jersey Closes Over $15 Million in Transactions\u00a0<\/strong><\/p>\n<p>ELMWOOD PARK, New Jersey\u2014April 21, 2017\u2014Doug Gaffney and Jason Lynch of Lee &amp; Associates New Jersey, recently closed three transactions with an aggregate deal value exceeding $15 million.<\/p>\n<p>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.\u00a0 The two building campus is located at 256-270 Sheffield St. in Mountainside, New Jersey.\u00a0 In late 2016, the team had procured a tenant to fill the partially vacant complex.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-349\" src=\"https:\/\/www.lee-associates.com\/wbe\/wp-content\/uploads\/sites\/100\/2017\/04\/270-Main-300x198.jpg\" alt=\"\" width=\"300\" height=\"198\" srcset=\"https:\/\/www.lee-associates.com\/wbe\/wp-content\/uploads\/sites\/100\/2017\/04\/270-Main-300x198.jpg 300w, https:\/\/www.lee-associates.com\/wbe\/wp-content\/uploads\/sites\/100\/2017\/04\/270-Main.jpg 432w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>\u00a0<img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-348\" src=\"https:\/\/www.lee-associates.com\/wbe\/wp-content\/uploads\/sites\/100\/2017\/04\/256-Main-300x198.jpg\" alt=\"\" width=\"300\" height=\"198\" srcset=\"https:\/\/www.lee-associates.com\/wbe\/wp-content\/uploads\/sites\/100\/2017\/04\/256-Main-300x198.jpg 300w, https:\/\/www.lee-associates.com\/wbe\/wp-content\/uploads\/sites\/100\/2017\/04\/256-Main.jpg 432w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/p>\n<p>In addition, Gaffney and Lynch, represented California Closets in its lease renewal for their NJ office and showroom headquarters located at 4 Gardner Rd., parallel to Route 46.\u00a0 The landlord is Prologis U.S. Logistics Fund.\u00a0 Lastly, Gaffney represented the law firm of Blume Forte et al in Chatham.\u00a0 \u00a0A long-term lease renewal of 19,500 square feet was structured at One Main Street.\u00a0 Justin Gingeleskie, of the KRE Group, represented the landlord.<\/p>\n<p>\u201cWe have seen an uptick in business confidence over the last few months and well located properties continue to benefit from tenant and investor demand, said Doug Gaffney, senior vice president of Lee &amp; Associates New Jersey. \u201cNorthern New Jersey\u2019s strong demographics along main transportation corridors have contributed to the net absorption in these submarkets. \u00a0\u00a0As evidenced by these recently closed deals, the industrial market continues to be a hot sector (in case of the Mountainside sale and Fairfield lease renewal) while well located office properties with strong management (like the KRE Group\u2019s asset in Chatham) continue to exhibit increased leasing activity. \u201c<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lee &amp; Associates New Jersey Closes Over $15 Million in Transactions\u00a0 ELMWOOD PARK, New Jersey\u2014April 21, 2017\u2014Doug Gaffney and Jason Lynch of Lee &amp; 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.\u00a0 The two building campus is located at 256-270 Sheffield St&#8230;.<\/p>\n","protected":false},"author":37,"featured_media":372,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[15,12,13,11,9,10,14],"class_list":["post-356","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-releases","tag-256-257-sheffield-st","tag-doug-gaffney","tag-industrial","tag-jason-lynch","tag-lee-associates-new-jersey","tag-mountainside","tag-panther-graphics-llc"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.5 (Yoast SEO v28.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Mountainside, Chatham &amp; Fairfield Deals - WBE Group<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lee-associates.com\/wbe\/2017\/04\/21\/mountainside-chatham-fairfield-deals\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mountainside, Chatham &amp; Fairfield Deals\" \/>\n<meta property=\"og:description\" content=\"Lee &amp; Associates New Jersey Closes Over $15 Million in Transactions\u00a0 ELMWOOD PARK, New Jersey\u2014April 21, 2017\u2014Doug Gaffney and Jason Lynch of Lee &amp; Associates New Jersey, recently closed three transactions with an aggregate deal value exceeding $15 million. 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