Real Estate

Bread maker renews leases at two Carlstadt properties

By Eric Strauss
Carlstadt | November 9, 2017 at 11:21 am

By Eric Strauss
November 9, 2017 at 11:21 am

Colliers International NJ LLC Inc.
425 Gotham Parkway, Carlstadt.

Tribeca Oven Inc., an artisan bread maker, has renewed a pair of industrial leases in Carlstadt, according to real estate firm Colliers International NJ LLC Inc.

The company occupies 425 and 447 Gotham Parkway, two adjacent buildings that house its distribution and bakery operations, respectively. Tribeca Oven moved from New York City to Carlstadt in 2004.

Colliers’ John Donnelly of the Parsippany office co-brokered the long-term renewals, along with JLL’s Jeff Miller, who represents Tribeca Oven’s parent, C.H. Guenther & Son Inc., nationally.

“Tribeca Oven maintains a modern bakery operation with sophisticated infrastructure at its Carlstadt operation,” Donnelly said in a prepared statement. “The level of investment in this manufacturing space, and the efficiency of having a seamless distribution operation right next door, connected by a tunnel, made renewing in place the logical choice.”

Institutional investors advised by J.P. Morgan Asset Management own the 115,000-square-foot 425 Gotham, while Prologis 2 L.P. owns the 53,000-square-foot 447 Gotham.

JLL’s Brian Golden served as landlord representative for both deals, while Prologis’ Paul Rosen and Jason Tenenbaum took part in the 447 Gotham renewal effort.

“All parties involved were committed to a successful outcome, and collaborated extremely well together,” Donnelly said.

2017-11-13T10:49:06+00:00
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