Zimmel Brokers 140,000 Sq. Ft. Lease at Heller Industrial Park, Edison, NJ
Edison, NJ, September 29, 2015--Zimmel Associates, the Edison, NJ-based corporate real estate services firm, has represented Packaging and Distribution Resources, Inc. in a new long-term lease for 140,000 sq. ft. of industrial space at 40–48 Sawmill Pond Road South, which is located within Heller Park, Edison, NJ. David Zimmel, president, Zimmel Associates, negotiated the transaction, which is valued at $4 million plus.
David Zimmel also brokered PDR’s new lease for 4,000 sq. ft. of corporate office space at Raritan Plaza 1. Raritan Plaza 1 is a glass façade Class A office building connected to the Sheraton Edison Hotel and Conference Center at Raritan Center in Edison, NJ. It is a short driving distance from Heller Park.
Packaging and Distribution Resources (PDR) is a major warehouse, distribution and assembly services company, and long-standing Zimmel Associates client. The company will relocate its Sayreville, NJ operations to Edison, NJ.
“The 40–48 Sawmill Pond Road South building offers numerous advantages to PDR,” says David Zimmel. “The ceiling heights are 36 ft., as compared to 24 ft. at their Sayreville location. They will gain 50 percent more cubic space per sq. ft. allowing for more pallet positions and storage capacity per sq. ft. It is a much more efficient use of space, and was a major selling point.”
“The vacancy rate for quality warehouse space in the Edison, Piscataway and South Plainfield, NJ market is less than five percent,” adds Zimmel. “I contacted my client shortly after becoming aware that the Heller Park space was available and the deal was closed within a matter of days. PDR made a prompt decision to secure the space, which is ideal for their business.”
Additional features of PDR’s new space at 40-48 Saw Mill Pond Road include 15 tailboard loading docks, high volume ESFR sprinklers, 6,000 sq. ft. of office space, ample parking and a stellar location off of Exit 10 of the New Jersey Turnpike (I-95), at the crossroads of Interstate 287/440, the Garden State Parkway, and US Routes 1 and 9. Known for its outstanding location and well-maintained buildings, Heller Park Edison contains 8 million sq. ft.
Zimmel Associates is an Edison, NJ-based commercial real estate brokerage firm that provides knowledgeable personalized services to local, regional and national clients, and represents more than five million sq. ft. of exclusive office, industrial and flex space throughout New Jersey. David Zimmel is consistently named a Power Broker by CoStar and an All-Star Broker by property owners. For more information, visit http://www.zimmel.com.