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Colliers National Platform Instrumental in Space Provider’s Move Into the Northeast

NORTH BERGEN, N.J., Aug. 31, 2018 CustomSpace has leased 82,200 square feet of industrial space at 7001 Anpesil Drive in North Bergen, N.J., announced Colliers International NJ LLC, Inc. (NASDAQ:CIGI, TSX:CIG). The expansion represents the full-service warehousing, storage, and office space provider’s first East Coast footprint.

CustomSpace was represented by Colliers’ Senior Vice President Mike Davis, based out of Redwood City, Calif., and Senior Managing Director Richard M. Warshauer from Colliers’ New York City office with his New Jersey colleagues. William Connors, from the William Connors agency served as landlord representative for Pelvil Realty, LLP.

CustomSpace provides full-service warehousing, storage, and office space to businesses and individuals looking for 250 to 10,000 square feet. The company has existing locations in multiple metro areas — including Los Angeles, Miami, San Francisco, Seattle and Houston — and wanted to enter the New Jersey and New York City markets. CustomSpace engaged Colliers to identify a location that would provide central access to these markets at a competitive price.

“We examined the accessibility to CustomSpace’s potential customer market, along with the availability of space, to identify the best location,” Warshauer said. “Within those parameters, we quickly identified 7001 Anpesil Drive in North Bergen as a property that offered all the attributes that CustomSpace was seeking.”

The transaction illustrates the benefits of Colliers’ broker network and comprehensive service platform. Davis, who previously assisted CustomSpace with its expansion activity, coordinated with Warshauer and colleagues in New Jersey to provide market knowledge and hands-on leadership.

“Working together, we were able to understand the client’s needs and analyze the market to create a solution that provides efficiency and cost savings while positioning this valued client for continued growth,” said Executive Managing Director Dennis Waggner, Colliers Market Leader in New Jersey.

CustomSpace offers a unique service — combining flexible leases, fast move-in, and custom unit sizes with a wide range of amenities and services from forklifts to package handling, and 7001 Anpesil Drive checked off all the major requirements for CustomSpace’s operations, according to Warshauer.

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About Colliers International Group

Colliers International Group Inc. (NASDAQ: CIGI; TSX: CIG) is an industry leading global real estate services company with more than 15,000 skilled professionals operating in 69 countries. With an enterprising culture and significant employee ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting.

Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice that help clients accelerate their success. Colliers has been ranked among the top 100 outsourcing firms by the International Association of Outsourcing Professionals’ Global Outsourcing for 13 consecutive years, more than any other real estate services firm.

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For further information, please contact:

Evelyn Weiss Francisco, Vice President
Caryl Communications
Phone: 201-796-7788
Email: evelyn@caryl.com