Coldwell Banker Commercial/Feist & Feist Realty Co., a Roseland, NJ-based company that dates back to 1903, represented the property owner, who was not named. Weichert Commercial represented the tenant in the transaction. The terms of the lease were not disclosed.
"This is a significant warehouse lease for Newark," according to John H. Adams, president and CEO of Coldwell Banker Commercial/Feist & Feist. "It demonstrates the strength of the industrial real estate market, and I feel it also demonstrates our strength in industrial real estate."
Besides its headquarters office, Coldwell Banker Commercial/Feist & Feist has regional offices in Central New Jersey and in Allentown, PA. The firm's client list includes General Foods, Merck, Philip Morris, Anheuser-Busch, Hoffman-La Roche, Bausch & Lomb, Johnson & Johnson, Prudential and Rutgers University.
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