"With the lack of new construction in the marketplace, coupled with strong demand for space, we are confident this new class A office building will experience significant leasing activity," Steve Geltzeiler, director of leasing for Denholtz, tells GlobeSt.com. Geltzeiler is handling the leasing assignment with sales associate David Zaro. The sale price of the site was not disclosed.
Dubbed Metropark South II, the building is being marketed for multi-tenancy, according to Geltzeiler. Slated for completion in about one year, the building is near Denholtz's Metropark South I, a 130,000-sf office building that is 100% leased. Both assets are near Exit 120 of the Garden State Parkway. "We look forward to building our presence in the Exit 120 submarket on the foundation of these two assets," Geltzeiler says.
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