The Edison, NJ-based Adler Development was represented in-houseby partner Joshua Adler, and the tenant was represented byexecutive director Jason Goldman of Cushman & Wakefield. Termsof the long-term deal, which includes 3,500 sf of office space,were not released.
"E-Lite wanted to establish a presence on the East Coast toserve its customers better," Goldman says. "Proximity to the NewJersey Turnpike and to a port were a priority for them." Thebuilding is situated on 15 acres near Exit 8A of the Turnpike.
"Tenants value the 8A submarket's proximity to Port Elizabeth,and its access to the Boston/Washington corridor," Adler says. "Therecent improvements to the interchange have eased traffic flow hereas well. Even in this economy, there is sustained demand forproduct here."
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