Heller Industrial Parks Honors Brokers for 2011 Deals
EDISON, NJ – (May 22, 2012) – Heller Industrial Parks, one of the nation’s largest privately held owners and developers of industrial real estate, recently hosted its annual broker recognition dinner to honor those who worked with Heller to complete 36 deals totaling 4.2 million square feet in 2011. These transactions generated more than $2 million in broker commissions.
“Over the years, Heller has made every effort to establish mutually beneficial relationships with the New Jersey brokerage community,” said Jeffrey J. Milanaik, President, Heller Industrial Parks, Inc. “This event is one additional way to thank them for working with us to place high-quality tenants in our properties.”
Brokers honored by Heller for their 2011 accomplishments were:
- Arthur Reinitz, AJR Commercial Realty Inc.
- James Skoglund, AJR Commercial Realty Inc.
- Chuck Fern, Jones Lang LaSalle (now with Cassidy Turley)
- Ed Dudzinski, Atlantic Real Estate Services
- Rich Greenberg, Atlantic Real Estate Services
- Kenneth Crimmins, Blau & Berg
- Manny Judah, Bussel Realty Corp.
- Lou Belfer, CBRE
- Stephen Elman, Cushman & Wakefield
- Rachel Pittard, Cushman & Wakefield
- Frank Caccavo, Cushman & Wakefield
- Paul Cohen, CBRE
- Jason Barton, Jones Lang LaSalle (now with Cassidy Turley)
- Joel Lubin, Jones Lang LaSalle
- Joe D’Agostino, Lance Bram Commercial Brokerage
- Lance Shalit, Lance Bram Commercial Brokerage
- Lonnie Pannucci, Logistical Properties, Inc.
- Rich Galuppo, NAI/DiLeo-Bram & Co.
- Andrew Zezas, Real Estate Strategies Corporation
- Ken Rubin, Rubin Realty Associates
- Doug Richter, Sperry Van Ness
- Ron Sholom, Team Resources/SBWE
- Tony Baseil, Weichert Commercial Brokerage, Inc.
The event was held on March 7 at the Metuchen Inn in Metuchen, N.J.
To keep open lines of communication with brokers, Heller sends out bi-weekly notices on availabilities in its portfolio and offers special promotions. Those efforts are just part of the firm’s relationship-centric approach and dedication to real estate fundamentals.
Milanaik adds that brokers appreciate working with Heller becausethe company maintains a robust financial condition that enables them to establish rental rates that are lower than neighboring industrial property owners. Also envied is Heller’s pattern of reducing mortgages and lowering expenses to increases profits, which are then reinvested back into the properties. Low debt service, aggressive rental rates and a sound working relationship with the brokerage community enable Heller to consistently exceed a 99 percent occupancy level.
Founded in 1966, Heller Industrial Parks (HIP) is one of the nation’s largest privately held industrial park owner/developers, specializing in the building, leasing and management of strategically located distributions centers. The company’s success lies in its ability to locate and reposition overlooked development opportunities. HIP owns 12.4 million square feet concentrated in New Jersey’s heavily traveled Northeast corridor, 1.6 million square feet in the Dallas/Ft. Worth area, 420,000 square feet in rapidly expanding Houston, and 1.6 million square feet in Pennsylvania, Illinois, Indiana and Kentucky. While industrial distribution centers are the core of the company’s business, Heller is currently offering “customer-centric” services like energy-efficient lighting, solar power and its Edison Industrial Park has been granted Foreign Trade Zone (FTZ) status. For more information, visit www.hellerpark.com