X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

(To read more on the industrial market, click here.)

KENILWORTH, NJ-After a series of three deals, Topcon America has rearranged its North American facilities in Pennsylvania and New Jersey. The Paramus, NJ-based subsidiary of Japan’s Topcon Corp. makes surveying, ophthalmic, GPS and industrial instruments and control products.

The series of deals was arranged by Real Estate Strategies Corp., based here. According to Andrew B. Zezas, the firm’s president, the transactions totaling 74,000 sf included the sale of Topcon America’s office and manufacturing facility and the leasing of office space in Norristown, PA. It also included the leasing of warehouse space in Bergen County, NJ.

“Topcon America realized they no longer needed their facility in Norristown,” Zezas says. “They wanted to consolidate the bulk of the company’s operations in Northern New Jersey, where its headquarters is presently located in Paramus, while keeping a small amount of office space in Norristown for employees located in that area.”

“Topcon engaged us to coordinate a plan,” says Matthew D. Kirby, Real Estate Strategies’ vice president. “These transactions marked a big step for the company.”

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
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

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 © 2020 ALM Media Properties, LLC. All Rights Reserved.