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Lee & Associates: Strong Interest Reflects Sustained Market Velocity
CLIFTON, N.J., (Oct. 12, 2022) – Commercial glass distributor H Global Commerce Inc. this month leased 28,700 square feet of warehouse space at 31 Styertowne Road in Clifton, announced Lee & Associates New Jersey. The commercial real estate services firm’s Josh Krantz, Michael Schaible and Troy Wisse represented property owner Longpoint Realty Partners in the transaction. David Simon of Prominent Properties served as tenant broker.
The property at 31 Styertowne Road sits 12 miles west of Manhattan. “Interest in this opportunity not only reflects sustained velocity for industrial leasing in Northern New Jersey, but also shows strong momentum for the greater Clifton industrial submarket,” Krantz said. “If we showed the building two dozen times, 20 prospects came from New York City. In every case, they commented on the proximity and convenience of this location.”
The single story, multi-tenant warehouse is part of a two-building campus recently purchased by Boston-based Longpoint Realty Partners; Krantz brokered that sale. The property offers easy access to the New Jersey Turnpike, Garden State Parkway, Route 21 and other regional highways. Multiple loading docks, drive-in doors and ample parking also contribute to its appeal. Planned updates include LED lighting and window replacements.
Lee & Associates is a full-service, international commercial real estate firm with over 70 locations in the United States. As the fastest-growing broker-owned firm in the nation, the company is uniquely qualified to support clients’ real estate needs in the local, national and international markets. Lee & Associates New Jersey has locations throughout the state and specializes in commercial real estate brokerage, including industrial, office, medical, retail and multi-family leasing and investment; property and asset management; receivership; and procurement of debt and equity. Additional information can be found at lee-associates.com.
About Lee & Associates New Jersey
611 River Drive, 4th Floor
Elmwood Park, NJ 07407
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