MONTVILLE TOWNSHIP, NJ — Chapin Leasing &Management has completed four lease transactions totaling94,000 square feet at Montville Corporate CentreIII. Located at 19 Chapin Road inthe Pine Brook section of Montville Township, the property is ownedby a joint venture partnership of AEW CapitalManagement and Chapin. AEW owns the property on behalf of one of itsinstitutional clients. Chapin also serves asexclusive leasing and management agent for the property.
Montville Corporate Centre III consists of fourhigh-quality flex industrial buildings totaling 530,000 squarefeet. Located in the Eastern Morris industrialsubmarket, Montville Corporate Center offersimmediate access to the I-80/I- 280/Rt. 46 and I-287 interchangesand has access to several retail centers and officeheadquarters.
Chapin's Joshua Meisnerexclusively represented AEW in the transactions,working collaboratively with each tenant's broker. Thetransactions included:
- 34,000 square feet of flex/office space to Trane USInc. J.C. Giordono and ChrisConklin of Jones Lang LaSalle representedthe tenant.
- 31,000 square feet of flex space to I.J. FisnarInc. Robert Adams of GardenState Realty represented the tenant.
- 22,000 square feet of flex/industrial space to Polekand Polek. Scott Kraft of Allied Realtyrepresented the tenant.
7,000 square feet of office space to a tenant that declined tobe identified.
These new tenants will join Doosan,Pitney Bowes Mail Services, RymaxMarketing Services, Samsung Electronics andRicoh, among others. Available suites at MontvilleCorporate Centre III range in size from 11,000 to 61,000square feet (divisible) of flex and office space. The largestcontiguous block of vacant flex space is 61,000 square feetconsisting of high finished office, with the flexibility ofconversion to 22-foot clear height warehouse. The corporatecampus features units of flex, office and industrial with private24/7 access to each tenant suite, minimum loss factor, and ampleparking.
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
