CBRE arranges lease renewal for Hishi Plastics USA in Lincoln Park

CBRE said Tuesday that it facilitated the lease renewal of Hishi Plastics USA at 600 Ryerson Road in Lincoln Park.

The CBRE team of Thomas Mallaney and Denise Kokulak have again renewed Hishi Plastics USA to continue its occupancy of its 40,000-square-foot office/manufacturing facility in Morris County. The team worked closely with Chris Vergano, general manager of operations, Hishi Plastics USA.

Hishi Plastics USA, a division of Mitsubishi Chemical America, was founded in 1985. From its state-of-the-art production facility in Lincoln Park, Hishi Plastics USA is a vertically integrated manufacturer of seamless heat shrinkable PVC and PETG tubing. Mitsubishi Chemical in Japan is a world leader in the manufacturer of plastic films.

“We are pleased to have had a new opportunity to work with Chris and to represent Hishi Plastics in this new long-term leasehold,” Mallaney said. “We also want to acknowledge the timely responses by the building ownership, Dominic Frassetto of the Frassetto Cos., who was instrumental in this transaction.”