Breaking NewsGlobeSt.com will be offline for scheduled maintenance Friday Feb. 26 9 PM US EST to Saturday Feb. 27 6 AM EST. We apologize for the inconvenience.

 
X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LAWRENCEVILLE, NJ-Films for the Humanities, a division of Primedia Corp., has signed a lease for 54,000 sf of office, production and warehouse space at 2572 Brunswick Pike, a 195,000-sf multi-tenant facility. The building is now fully leased as Primedia replaces a printing company that vacated the space last year.

Locally based Buschman Partners, as exclusive agent, represented the owner of the building, whose identity was not disclosed. GVA Williams spoke for the tenant. The total value of the 10-year lease “is in excess of $3 million,” according to Steve Tolcash, senior partner at Buschman Partners, who not only spoke for the owner in the lease transaction, but had sold the asset to the current owner six years ago.

“This property presented a great opportunity for ‘Films’ to expand in this market area into a building that fits all of its needs,” Tolcash continues. “The market for good quality office, warehouse, flex product throughout our market area remains strong, and there were extremely few other options in the market for Primedia.”

The Primedia division’s space includes a total of 20,000 sf of office space and about 34,000 sf of production and warehouse space, according to Tolcash. The site also contains more than 200 parking spaces.

Buschman Partners, a corporate real estate services firm, has in the past several years been involved in transactions totaling more than five million sf with a value in excess of $200 million.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.