Lee & Associates New Jersey Arranges 35,312 SF Office Lease in Warren, NJ
Lee & Associates New Jersey Arranges 35,312 SF
Office Lease in Warren, NJ
Matheson Tri-Gas Expands Regional Office
Elmwood Park, NJ - (August 2019) - Lee & Associates New Jersey, a leading New Jersey based full-service independent commercial real estate firm, announced it has brokered a 35,313 SF long-term lease agreement on behalf of Matheson Tri-Gas for the top floor at 3 Mountainview Road, Warren, NJ.
The new building, which sits alongside Route 78, was most recently occupied in its entirety by Chubb Corp. The owner of the property, KRE Group, is planning major renovations to the property as part of its plan to attract multiple office tenants. Matheson Tri-Gas is a major domestic and international supplier of industrial gases.
Brian Lynch SIOR and Peter Rasmusson CCIM from Lee & Associates New Jersey represented the tenant. Newmark Knight Frank’s Jamie Drummond, Andrew Perrotti and Dan Reider represented KRE Group.
“Our recent acquisition of the HyCo business assets unit from Linde required us to find a larger space,” said Stephen Stroud, Executive Vice President and General Counsel at Matheson Tri-Gas. “While we were offered many attractive proposals, 3 Mountainview Road addressed all of our needs at the best price.” The Class A 105,000 SF three-story building features high ceilings, underground covered parking and exceptional visibility for building signage along Route 78.
“We are thrilled to commence our re-tenanting efforts of 3 Mountainview with Matheson Tri-Gas’ lease of the entire top floor,” said Justin J. Gingeleskie, Director of Leasing for KRE Group. Mr. Gingeleskie also noted that the improvements to the common areas and grounds are expected to be completed by year end and include a complete renovation of the building’s lobby, cafeteria, and the addition of a 75-person common conference facility as well as a new fitness center. The landlord is also expanding on-site parking. Details can be found at www.3mountainview.com.
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Lee & Associates Media Contact: Martha Morley/201-493-7996