Newsletters

CBRE Seals 148,000-SF Renewal

SOUTH BRUNSWICK, NJ-CB Richard Ellis negotiated Franco Apparel's 148,147-square-foot lease renewal at 210 Docks Corner Rd. here.

By Maria Wood | Updated on November 06, 2009

SOUTH BRUNSWICK, NJ-CB Richard Ellis negotiated Franco Apparel’s long-term, 148,147-square-foot lease renewal at 210 Docks Corner Rd. here. The former manufacturing facility was expanded and renovated in 1998 and is now a 1.2-million-square-foot warehouse/distribution building located in the Exit 8A submarket.CB Richard Ellis first vice presidents Scott Belfer and Lou Belfer represented the tenant, a manufacturer of children’s clothing and licensed apparel to the NBA, NHL, NCAA, MLB, Starter, Shaq and Russell Athletic.

In a statement, Scott Belfer said that CBRE was brought in “to take a hard look at Franco Apparel’s options in a marketplace that is currently favorable to tenants. With over a year to go on their lease, and a strong desire to remain in the Exit 8A submarket, CBRE negotiated a long-term lease renewal, with an immediate reduction to the rental rate on their behalf.”

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? Sign In Now

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Resource Center

CRE strategies and business decisions are only as strong as the data that powers them, and that data better be correct. This self-assessment will help you gauge your current data management capabilities.

Assessment

Sponsored by Cherre

Data Management Scorecard: A Health Check for Your Data Management Capabilities and Challenges

CRE strategies and business decisions are only as strong as the data that powers them, and that data better be correct. This self-assessment will help you gauge your current data management capabilities.

Browse More Resources ›

CRE strategies and business decisions are only as strong as the data that powers them, and that data better be correct. This self-assessment will help you gauge your current data management capabilities.

Assessment

Sponsored by Cherre

Data Management Scorecard: A Health Check for Your Data Management Capabilities and Challenges

CRE strategies and business decisions are only as strong as the data that powers them, and that data better be correct. This self-assessment will help you gauge your current data management capabilities.

Browse More Resources ›

Does your data inspire confidence or is there a significant lack of trust in its validity? Use this assessment to gauge where your organization’s data practices are at today and what gaps exist.

Assessment

Sponsored by Cherre

Enabling Stakeholder Confidence in Your Data: A Self-Assessment for Real Estate Organizations

Does your data inspire confidence or is there a significant lack of trust in its validity? Use this assessment to gauge where your organization’s data practices are at today and what gaps exist.

Browse More Resources ›

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

Copyright © 2024 ALM Global, LLC. All Rights Reserved.