HQ Fitout for Coining Set to Begin in Montvale

MONTVALE, NJ-With full approvals recently in place, the interior fitout of Coining, Inc.’s new headquarters at 15 Mercedes Dr. here is set to begin shortly, announced Cushman & Wakefield, Inc. in East Rutherford. Coining, a high-end manufacturer of parts and materials for the semiconductor industry, leased the entire, 59,000-square-foot building last fall. Its move there later this year not only will bring new manufacturing employment to New Jersey, but also will mark the next chapter for what had been an obsolete laboratory facility.

Thomas Vetter and Jeff DeMagistris of NAI James E. Hanson, Inc. represented Coining in the lease. “Coining’s commitment is highly significant for New Jersey–our state has lost a large number of manufacturing jobs in recent years,” says Cushman & Wakefield’s Robert Rudin, who represented landlord the Hampshire Cos. in orchestrating the long-term lease with team members Matthew Seltzer and Dan Johnsen.

Founded in 1965 and currently headquartered in Saddle Brook, Coining has experienced steady organic growth through the years and, in early 2009, acquired Semiconductor Packaging Materials, a competitor based in Armonk, NY. “In a perfect world, we wanted to draw a straight line between Saddle Brook and Armonk, and find a point in the center for our relocation,” Gary Holcomb, Coining’s CEO tells GlobeSt.com. “The building at 15 Mercedes fit everything we wanted. It seemed too good to be true.”