EDISON, NJ-Locally based Zimmel Associates has brokered long-term leases for two separate packaging companies: Packaging Systems, Inc. and Paragon Packaging. In the first transaction, president David Zimmel represented Packaging Systems, Inc. in a long-term lease for 95,000 square feet at 207 Mac Ln. in Keasbey, NJ, which is within Raritan Center. Packaging Systems--formerly located in Hillside, NJ--provides packaging, display and distribution services for a wide range of industries.

“Packaging's managing director, Bob Harmon, has been a client of ours for more than 30 years,” said David Zimmel. “Over the years we have leased and sold his company more than one million square feet of space. Their new location in Raritan Center will serve them well with its close proximity to the New Jersey Turnpike, other major highways and excellent labor pool.” The value of the transaction was in excess of $2 million. Bussell Realty represented the building owner. “Our offices are located within Raritan Center as well,” adds Zimmel. “There are a variety of attractive leasing opportunities here that range from office and light manufacturing to warehouse.”

In the second transaction, Paragon Packaging signed a 10-year lease renewal for 100,000 square feet at US Land Resources-owned 600 Blair Rd. in Carteret, NJ. The transaction was valued just under $6 million. Zimmel, who represented both parties, tells GlobeSt.com, “The owner accommodated Paragon with a highly competitive rent that influenced their decision to stay."