JGT says 2000 will be record year.
Recent highlights in the office sector include more than 140,000 SF of leases and sales for many of the region's leading corporations.
Adam Silver, principal, represented Westcliff & Company in their acquisition of Old Bridge Centre, a 36,525 SF office building located on Route 18. Silver also represented the seller in this transaction.
Silver, along with C. Beth Krinsky, vice president, sold a 30,268 SF office building in Eatontown to 81 Corbett Way, L.L.C. JGT was instrumental in advising the purchasers on the strength of the office market conditions in the Eatontown area and the demand for quality space from the hi-tech industry. Brothers Commercial Brokerage, Inc. was the co-broker. Silver and Krinsky subsequently leased the entire facility to Hydra WEB Technologies, Inc. on a long-term lease through the cooperation of co-broker, C.B. Richard Ellis.
Principals David Simon, Robert Dinner, Bill Cariste, and Stan Simon closed a 18,000 SF lease for Fremont Indemnity Company at Mount Kemble Corporate Center in Morris township. JGT represented both Fremont, a long-term client, and the owners of the newly completed 220,000 SF class "A" office building.
Marc Shein, principal, along with Adam Silver, closed a 12,959 SF sale from K.R. Holdings to Real Star, L.L.C. at 300 Corporate Boulevard in Manalapan. JGT represented both the seller and purchaser.
Wayne Kasbar, vice president, and Doug Twyman, principal, closed a 10,040 SF lease for JustBalls.Com, Inc. at the Office Center at Market Fair in Princeton.
Judy Cohen, vice president, closed a 8,440 SF lease for the Carrier Foundation at the Middlesex Business Center in South Plainfield. Carrier Foundation is one of the oldest, largest and most successful psychiatric treatment center in New Jersey with seven community-based out-patient centers [sim] the state-
David Simon, principal, closed a 7,700 SF lease for Click4.com, Inc. at 3 Becker Farm Road in Roseland. The Internet company is relocating from West Orange. Insignia/ESG was the co-broker.
Simon also represented Hamilton Scientific, LTD. in a 5,560 SF lease at 101 Eisenhower Parkway in Roseland. The computer company is relocating from Florham Park.
Wayne Kasbar, vice president, represented the Office Center at Market Fair in Princeton, a 66,500 SF office building in a lease to Edudex.com. The Internet information provider to the educational market was represented by Commercial Property Network.
"During each of the past five years JGT has set a record for our performance in the office, industrial, and retail markets," stated Stan Simon. "Our consistent strong results are a reflection of the depth of our firm, our emphasis on teamwork, and our knowledge of the marketplace. In 2000, we are again on pace to have an outstanding record year," Simon concluded.
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|Publication:||Real Estate Weekly|
|Article Type:||Brief Article|
|Date:||Sep 27, 2000|
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