Team Resources Inc., based here, represented both the owner and the tenant in the transaction. The firm's David Cantor spoke for Whitehall Industrial Properties, while Don Kornbluth represented Amex Computers.
The facility is located in the heart of the Meadowlands industrial marketplace, which is among the strongest in the region with a current vacancy rate of less than 4%, according to Mark McConnell, senior vice president of Whitehall. "This transactions reflects our ability to deliver quality industrial space in one of the most desirable markets in the country," according to McConnell.
Whitehall Industrial Properties was co-founded by Michael Nachamkin, its current president, and the Whitehall Street Real Estate Limited Partnership of Goldman Sachs with the goal of acquiring and redeveloping industrial properties in the Northeast.
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