South Plainfield space opens.Denholtz Associates has announced the completion of a new retail/office building at Oak Tree Business Center in South Plainfield South Plainfield, borough (1990 pop. 20,489), Middlesex co., NE N.J.; inc. 1926. It is the seat of several research and consulting firms and has plants that make chemicals, plastics, spices and flavorings, cosmetics, rubber products, pigments, electrical machinery, , N.J. Leasing activity at the 36,000 SF neighborhood shopping and professional office center has been extremely strong, with more than 75% of the available space leased. The building was formerly used as flex space Flex space is a term used for lightly zoned buildings. It is mainly used when referring to industrial or office space. History Flex space evolved from light industrial warehouses being converted to office space. . A new 3,100 SF lease was recently signed by Sylvan Learning Sylvan Learning (formerly Sylvan Learning Center) is a chain of franchised tutoring centers which provide personalized tutoring in reading, writing, mathematics, study skills and test-prep for college entrance and state exams. Center at the office portion of the new building. Alan Gott, of R.J. Brunelli and Co., Inc. is the exclusive leasing agent for the retail space at Oak Tree and Zimmel Associates is the exclusive broker for the office space. Currently, one corner retail store fronting on Oak Tree Road and 7,000 SF of office space at the new building are available. Located directly across from a new shopping center shopping center, a concentration of retail, service, and entertainment enterprises designed to serve the surrounding region. The modern shopping center differs from its antecedents—bazaars and marketplaces—in that the shops are usually amalgamated into anchored by A&P, Oak Tree Business Center is strategically situated at the intersection intersection /in·ter·sec·tion/ (-sek´shun) a site at which one structure crosses another. intersection a site at which one structure crosses another. of Park Avenue and Oak Tree Road in South Plainfield. The Center was developed and is owned by Denholtz Associates and its joint venture partner, Tucker Enterprise of Clark, N.J. "We are extremely pleased to report very strong leasing at our new building at Oak Tree Business Center," said Kristine Burnitis, Director of Leasing for Denholtz Associates. "The success of our leasing campaign is a reflection of the tremendous demand for quality new retail and office space at Oak Tree." Denholtz Associates is a privately-held development, investment and management company active in office, industrial, flex and retail real estate throughout the East Coast. The company targets value-added real estate whereby its substantial in-house resources and financial strength can capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. opportunities that exist in the marketplace. Currently, Denholtz Associates is aggressively pursuing investment opportunities throughout the region. |
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