Newmark of NJ arranges 180,000 sf lease deal.
Jaime M. Weiss, president of Hackensack-based Newmark Real Estate Services, has announced the long-term lease of the 180,000 square foot warehouse and distribution center located at 1201 Valley Brook Avenue, Lyndhurst, New Jersey to BANY Distribution Services on behalf of the Northwestern Mutual Life Insurance Company and Jos. L. Muscarelle, Inc., owners of the property. Newmark acted as exclusive brokers for BANY Distribution Services in this transaction and John A. Nathans, senior vice president of Jos. L. Muscarelle, Inc. represented the landlord in its negotiation with BANY. BANY will utilize the facility as its nationwide distribution center. The building is located in the prestigious Lyndhurst Industrial Park. The facility was constructed in 1970 by Jos. L. Muscarelle, Inc. for Nationwide Shipping. The facility was used exclusively for JC Penney.
|Printer friendly Cite/link Email Feedback|
|Title Annotation:||Newmark Real Estate Services; New Jersey|
|Publication:||Real Estate Weekly|
|Date:||Oct 7, 1992|
|Previous Article:||Helping corporations adjust.|
|Next Article:||NJ building contractors announce rise in permits.|