Short Hills-based The Blau & Berg Co. on Wednesday said it helped negotiate a 13,242-square-foot industrial lease on DeForest Avenue in East Hanover.
Troy Schaafsma, Senior Associate, and Alessandro (Alex) Conte, executive vice president with The Blau & Berg Company, acted as both the listing and procuring brokers.
The space is part of a larger 38,000-square-foot facility and was leased to a division of the State of New Jersey. Sitting on just over one-acre the facility is comprised of several research and development labs. The State of New Jersey originally leased the space for two years before agreeing to an extension.
“We were confident that we found a space that fit the very specific requirements the State of New Jersey set forth,” Schaafsma said, “but as is the nature of any state lease, there was an initial trial period. We were pleased that, based on the locale and proximity to other cooperating state agencies, along with the benefits of the space itself, they determined that this facility was more than sufficient for their needs and were comfortable signing a lengthy extension.”
