X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ROSELAND, NJ-West Orange-based Sheldon Gross Realty Inc. has completed an 8,500-square-foot industrial lease transaction at 119 Harrison Ave. in Roseland. Robert Kelley, corporate sales representative at SGR, represented both the tenant, Par Code Symbology & Arlo Electronics Corp., and the landlord, Four Steel Corporate LLC. Par Code will utilize the new space to manufacture and print specialty rugged bar code labels that are used in warehouse environments.

“Formerly located in Fairfield, Par Code expressed an interest in relocating to an industrial space that would better meet their growing spatial demands and location requirements,” says SGR president Sheldon Gross. Terms of the lease were not available by deadline.

119 Harrison is a 17,000-square-foot freestanding industrial building situated near Interstate 280 and Route 46 in the heart of Essex County’s industrial corridor. The building features state-of-the-art amenities, such as air conditioning throughout and is currently 100%-occupied, with a tenant roster that includes Verizon Inc.

In addition to the Harrison deal, SGR was also recently appointed the exclusive sales agent for a 6,000-square-foot office building located at 19 Hutton Ave. in West Orange. Kelley will be spearheading this project on behalf of the seller, DCG Corplan Consulting, a leading management, consulting and strategic planning company.

“Given the economic conditions that are currently in place, DCG Corplan is willing to offer the right tenant or investor competitive sale terms, with a partial leaseback option,” Kelley says. “Overall, we believe that West Orange remains an attractive submarket for office tenants and we look forward to meeting the needs of both a prospective tenant or investor and those of our client.”

These deals come on the heels of a 125,580-square-foot relocation and expansion lease at 401 Cabot Dr. in Washington Township, which SGR closed earlier this month. Executive vice president Jonathan Glick represented the tenant, Eastern Bag & Paper Co., in this transaction, while property manager and broker Matrix Development Group represented the industrial facility’s owner AEW Capital Management.

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

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.