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Top out marks half-way at Commercenter/Totowa.

Top out marks half-way at Commercenter/Totowa

George Kessel Associates "topped out" stell on the sixth building at Commercenter/Totowa this month, marking the midway point in development of the 47-acre business park.

The property has bucked recent commercial market trends, filling as quickly as buildings are completed. Approved plans call for up to 12 buildings and 1 million square feet when the park is finished.

20 Commerce Way, a 41,000-square-foot speculative structure, will be ready in December. Totowa Mayor Jack Masklee and Councilman Don Weiner joined George, Steven and Jeffrey Kessel, partners in the Bergenfield-based development firm, on the construction site of this single-story "flex" building.

The building sits in the center of the complex. It borders a natural-wooded area and is surrounded by the four existing high-tech buildings, each averaging 50,000 square feet and each close to 100 percent leased. A three-story, 56,790-square-foot office building, which is 87 percent occupied, marks the park's entrance.

The newest building is similar to the first single-story modular structures, described by Jeffrey Kessel as "hybrid" buildings because they combine "aesthetics and function."

"The flexibility of Commercenter/Totowa buildings has attracted both consolidating and expanding companies," Kessel noted. "We can satisfy diverse uses; combining office, warehouse, research, showroom, distribution and light assembly facilities in one location."

20 Commerce Way will offer units starting at 4,600 square feet. Exteriors contain large reflective-glass areas, oversized windows and unique architectural styling, surrounded by attractively landscaped grounds. At the same time, each unit has a loading dock and large bay areas, separate entrance way, individually controlled HVAC systems. 20-foot ceiling heights, heavy power and abundant on-site parking.

Current tenants at Commercenter/Totowa include; National Community Bank, Stratton Travel, Minolta Business Systems, the Gestetner Corporation, Sandvik Process Systems, Caremark Inc. (a division of Baxter International), Konica Business Machines U.S.A., Hearst Corporation, Hoffman LaRoche and Relectronic (a division of Siemans Corporation.)

George Kessel Associates, recipient of the 1990 NJ NAIOP Division II Developer of the Year Award, has been involved in more than 1 million square feet of commercial projects in northern New Jersey.

PHOTO : Jeffrey Kessel, partner; Totowa Mayor Jack Masklee; George Kessel, partner; Councilman Don Weiner; Steven Kessel,partner, at the Topping Our Ceremony marking the half-way point at 47-acre Commercenter/Totowa Business Park developed by George Kessel Associates.
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Title Annotation:"topped out" steel on sixth building
Publication:Real Estate Weekly
Date:Oct 9, 1991
Words:388
Previous Article:Walter Oertly adds ILGWU.
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