Zimmel brokers industrial building in Eatontown

By Emily Bader
Eatontown | Dec 2, 2019 at 11:03 am

Zimmel Associates announced Monday it has brokered the sale of an industrial building in Eatontown.

The 68,500-square-foot building is situated on 4.5 acres and located at 200 Industrial Way West, Zimmel said.

The firm’s David Zimmel and Jason Zimmel handled the sale and represented the buyer, Denholtz Acquisition LLC. The seller, Industrial Eatontown LLC, was represented by Ray Musalo of Greiner-Maltz Real Estate and Joe Soos of Preferred Industrial Properties.

“They are always in the market for an acquisition,” David Zimmel said. “We found this building in Eatontown, it was vacant, we showed it to Denholtz Acquisition LLC and a deal was consummated in 30 days.”

The building, which was formerly occupied by a pharmaceutical company, features 24-foot ceilings, eight loading docks and 8,500 square feet of office space. It is within close access to Exit 105 of the Garden State Parkway and routes 18, 33 and 66.

In addition to the sale, David Zimmel and Jason Zimmel were both hired by the buyer to lease the building.

“We are extremely optimistic that a tenant will be found quickly due to the fact there are limited leasing opportunities for industrial space available in the area.” David Zimmel said.

Emily Bader | ebader@roi-nj.com | emilybader