Cronheim gets off to promising start.

Despite a lukewarm Northern and Central NJ commercial leasing market, Peter Wisniewski, executive vice president of David Cronheim Company, has reported a promising start to the year, with lease transactions completed by the Cronheim Sales Team totaling over 60,000 s/f in the first quarter.

Transactions of note include the leasing of the 16,604 s/f commercial/ warehouse building at 2536 Springfield Ave in Union to Maple Crest Auto Group and 16,500 s/f at 562 Central Ave in New Providence leased to Aerocrine in early January. In addition, Cronheim facilitated the sublease of 8,670 s/f at 111 Pavonia Ave in Jersey City to Global Association of Risk Professionals, who originally occupied 4,400 s/f at 100 Pavonia Ave. Cronheim facilitated the sublease of that space as well to Millennium IT Inc. USA, with John Aires of NAI Hanson representing the subtenant.

Wisniewski commented, "Our sales activity remains brisk. We now see an adjustment in lease prices. As development hurdles increase for new construction, it gives us confidence that the future leasing climate in industrial, retail and office is turning the corner."

Cronheim Sales Team is Peter Wisniewski, executive vice president, Chris Flammer, director of retail leasing, Robert Steelman, sales associate and Rose Mikolon, sales associate.