"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.
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