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Denholtz Properties Signs New Lease for 16,006 Square Feet of Flex Space with Metal Fabricator in Bridgewater, N.J.

11/12/2019

Bridgewater, N.J. (November 12, 2019) – Denholtz Properties, a privately held, fully integrated real estate development and investment company, announces a new lease deal with Dec’s Metal Fabrication, LLC for 16,006 square feet of flex industrial space at 27 E Kearney Street in the Bridgewater Business Park in Bridgewater, N.J.

Located in the heart of Somerset County straddling the border of Bound Brook and Bridgewater, the Bridgewater Business Park is made up of 17 flex/industrial buildings totaling 405,000 square feet. Situated at the convergence of Routes 202/206, Route 22, I-287 and I-78, the complex offers a highly strategic location in one of the state’s busiest retail corridors less than a quarter mile from the newly constructed Chimney Rock Crossing, a 218,000-square-foot retail center anchored by Whole Foods.

In addition to ideal accessibility, the Bridgewater Business Park boasts a wide variety of industrial/flex spaces to meet the diverse space needs of tenants hoping to call Bridgewater home.  Earlier this year, Denholtz Properties bolstered their presence in the complex with the acquisition of 6W Chimney Rock Road, a 26,000-square-foot industrial building fully leased to UPS. With the acquisition, Denholtz Properties now owns and manages 17 buildings comprising 405,000 square feet spanning 1W-10W Chimney Rock Road and 24E-30E Kearney Street in the complex.

“Bridgewater’s ideal highway accessibility and strong area demographics continue to make it a top destination for a variety of New Jersey businesses,” said Kristine B. Hurlbut, Senior Vice President of Leasing at Denholtz Properties. “The Bridgewater Business Park’s flexibility and ease of access have allowed us to enjoy high levels of leasing activity and tenant retention, positioning this portfolio for continued favorable returns over both the near and long terms.”

Jordan Zimmel of Zimmel Associates represented Denholtz Properties and Dec’s Metal Fabrication in the exclusive transaction.

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About Denholtz Properties

Denholtz Properties is a leading privately held, fully integrated commercial real estate development and investment company. Powered by technology and driven by their deep experience, they are continually working to reimagine real estate, creating innovative living and working spaces. Their diversified portfolio of real estate investments spans industrial and office properties as well as transit-oriented mixed-use and value-add projects in urban cores aimed at enhancing and transforming the communities to deliver superior risk-adjusted returns to investors. Additional information for Denholtz Properties is available online at http://www.denholtz.com/

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11/12/2019 - 10:45

Source

Denholtz Properties

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