Real estate firm Denholtz Associates recently announced it has signed a series of flex industrial leases in Bridgewater and a commercial lease in Clark.
The Bridgewater transactions saw seven companies sign leases, renewals or expansions at the Bridgewater Business Park. The deals total 34,545 square feet at the 380,000-square-foot complex, located at 1W-5W Chimney Rock Road, 7W-10W Chimney Rock Road and 24E-30E Kearney St.
The deals include:
- Medeo Fencing School, renewal of 9,005 square feet;
- Industrial Rubber Co., renewal of 8,000 square feet;
- Shaolin Kung Fu & Tai Chi LLC, lease for 6,000 square feet for a training facility;
- K&S Hydraulics Inc., renewal of 4,000 square feet;
- Bridgewater Marbleworks, expansion into additional 3,300 square feet;
- Hillside Corvette, renewal of 2,840 square feet;
- 4M Connect LLC, renewal of 1,400 square feet.
The Bridgewater Business Park is undergoing a multiphase, propertywide renovation project, Denholtz said in a news release.
“Our ability to negotiate leases with new tenants only speaks to half of the Denholtz leasing strategy,” Kristine B. Hurlbut, senior vice president of leasing, said in a prepared statement. “We also leverage our substantial in-house capabilities and continue to execute significant capital improvements across our portfolio to ensure that we continue to retain current tenants.
“Our dual-pronged approach to leasing enables us to maintain high occupancy throughout our portfolio and deliver superior risk-adjusted returns to our investors.”
Jordan Zimmel of Zimmel Associates represented Denholtz in these transactions.
In the Clark transaction, Denholtz signed a lease with Thal MoldBuilding LLC for 10,051 square feet at the Clark Commercial Center, bringing that portfolio to full occupancy.
The mold-making company will use the 33 Terminal Ave. facility to design and manufacturing quality moldings, Denholtz said in a news release.
Clark Commercial Center includes 10 buildings totaling 283,201 square feet along Terminal Avenue. More than 190,000 square feet of the space is leased to cosmetics giant L’Oreal for its North American research and development facility.
“Our ability to achieve full occupancy with such a variety of tenants speaks to our commitment to our multitenant diversification strategy,” Hurlbut said.
David Zimmel of Zimmel Associates represented both parties in this transaction.