Schultz Will Manage 908,000-SF Portfolio

The portfolio represents a diverse group of assets in the northern and central portions of the Garden State, ranging from single-tenant distribution facilities to multi-tenant, multi-story office buildings, according to Schultz. His firm will provide the owner with day-to-day property management, leasing, construction management and repositioning services for the various properties.

Among the properties included in the deal are the Princeton Office Park, a 225,000-sf mixed-use complex located in Quakerbridge; 2 Ford Ave., a 185,639-sf office building in Milltown; 1 Apollo Dr., a 120,000-sf office and warehouse complex located in Whippany; 230-240 Davidson Ave., a 68,780-sf office/warehouse facility in Somerset; and the 64,000-sf Somerset Trade Building, an office complex located in Branchburg, Somerset County.

Also on the list of assets are 11 Industrial Ave., a 60,320-sf industrial facility sited in New Brunswick; 865 Centennial Ave., a 53,226-sf office/warehouse building nearby in Piscataway; 25 Eastmans Rd., a 45,750-sf office and warehouse facility in Hanover; the 36,000-sf Lauffer Building, an office facility in Somerset; 101 Okner Parkway, a 35,000-sf industrial building in Livingston; and the Kilmer Building, a 14,942-sf office building in Edison.

The Schultz Organization/TCN Worldwide is a region-wide real estate firm involved in leasing, investment sales, management, development and consulting activities. TCN Worldwide is an organization consisting of more than 2,000 member agents in over 100 offices around the world. Schultz is also one of the founding members of TCN Metro, a consortium of real estate companies operating in New Jersey, New York City and Long Island.