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Newmark of NJ to market former Sumitomo Machinery HQ.

Newmark of New Jersey, Inc., the Hackensack-based commercial real estate firm, has been named exclusive agent for the former Sumitomo Machinery Corp. of America corporate headquarters facility, a 63,708-squarefoot office and industrial facility at 7 Malcolm Avenue, Teterboro, Bergen County, New Jersey.

Newmark of New Jersey President, Jaime Weiss, announced the appointment noting that in recent months the firm has closed in excess of 400,000 square feet of industrial transactions with an aggregate rental in excess of $18 million.

The Sumitomo facility is a one-story and partial mezzanine industrial corporate headquarters facility located Teterboro Airport and U.S. Routes 17 and 46, just minutes from Interstate 80 and The New Jersey Turnpike. The Sumitomo facility is less than 10 minutes to The George Washington Bridge and within easy access of New York City, Newark Airport and Port Newark. The one-story brick industrial facility with reinforced concrete floors features 18,000 square feet of office and hi-tech space, tailboard and drive-in loading facilities, floor drains, heavy power and three two-ton and one five-ton overhead cranes. Located on 7.46 acres, the property provides for both parking and building expansion capabilities. According to Weiss, the property is being offered for either sale or lease.
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Title Annotation:Newmark of New Jersey Inc. brokers corporate headquarters facility in Bergen County, New Jersey
Publication:Real Estate Weekly
Date:Mar 24, 1993
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