Duo Turns Over Close to 1.5 Mil SF in Deals Across Central New Jersey

MORRIS PLAINS, NJ-Not content to lie on a beach somewhere the past few months, Charles Fern and Joel Lubin, executive vice presidents for Weichert Commercial of Morris Plains, NJ, capped off the summer with a spate of transactions across Central New Jersey. Their efforts, a mirror of the transactional activity in the hot New Jersey industrial market, concluded with the sale a 107,000-sf building in North Brunswick, NJ to Trans City, an out-of-state investor, on behalf of Steiner Equities.

That wasn’t anywhere near the duo’s biggest deal of the season by any means. That honor goes to its lease of most of the 329,000-sf former Tops Appliance distribution facility in Edison to RPM, which will use it as a cigar distribution center. Jacobson, Goldfarb & Tanzman of Woodbridge, NJ represented Tops, which recently shut down its retail operations.

In addition, Lubin and Fern signed Selective Distribution to a lease for 100,000 sf at a Heller Construction warehouse in Edison, NJ. And, Principal Financial closed on a 15-acre parcel listed exclusively by Weichert in South Brunswick, NJ. Approvals have been obtained to build a 240,000-sf industrial facility on the Melrich Road site, which will be used for undisclosed purposes.