Sudler's Lakewood Spec Building More Than 85 Percent Leased

LAKEWOOD, NJ—Less than one year after Sudler completed new construction of the 140,000 square foot industrial building at 1001 New Hampshire Ave. in Lakewood, NJ, the building is already more than 85 percent leased, and Sudler is preparing to launch another spec project in the area.

“We knew that this building would lease quickly but we were pleasantly surprised when we leased 30,000 square feet to SkyZone before we were complete,” says Peter Sudler, president and CEO of The Sudler Companies about SkyZone Trampoline Park, with which Sudler worked to create a climate-controlled facility featuring 32-foot high ceilings. 

Sudler's other tenants include Perma Pure, a manufacturer of gas conditioning solutions for medical, scientific, and environmental monitoring applications, which needed 34,700 square feet for its New Jersey headquarters.  Sudler also leased 28,000 square feet of shell warehouse space for a refrigerated warehouse and distribution center with loading docks to Trinity Seafood, also known as Buckhead Beef, and worked with Blackman Plumbing on a 28,000-square-foot space for relocating and expanding its central New Jersey customized bathrooms and kitchens fixtures showroom.

Sudler's success in the region can be linked to its central location in Lakewood, as well as it being within an Urban Enterprise Zone.

“We're providing modern, efficient warehouse space with easy access to air and water ports via the nearby NJ Turnpike,” says Sudler.  “We're attracting businesses that want to stay and expand in New Jersey as well as from other states.

The success of the speculative property has prompted Sudler to announce that it will start site work soon for another spec project, a 70,000-square-foot warehouse at 1205 Paco Way, which the developer says is already attracting interest.

Sudler has been developing in Lakewood since the 1960s, including its Corporate Park Lakewood, a 1.2 million square-foot property that has been 98 percent leased since January 2014.

1001 New Hampshire Ave. is situated conveniently off the newly designed and completed Exit 88/89 Interchange of the Garden State Parkway.

1001 New Hampshire was constructed with state-of-the-art tilt-up construction panels and offers 32 foot clear ceilings, multiple loading docks that are tailboard or drive-in, and an ESFR sprinkler system among other energy efficient features.