Zimmel Associates on Thursday said it successfully closed a landmark transaction, capping off a strong year.
An $18 million sale of six buildings totaling 73,573 square feet on Terminal Road in Clark highlights Zimmel’s expertise and leadership in the industrial and retail real estate markets.
The properties—located at 301, 315, 33, 75, 89, and 225 Terminal Road—were sold to a long-term Zimmel client who previously acquired three other buildings totaling 150,000 square feet on the same street two years ago.
With this acquisition, the buyer now owns nine properties spanning one side of Terminal Road, strengthening their presence in this strategically located corridor.
The portfolio features a mix of single-story industrial buildings, office space, and retail properties, including a Dunkin’ Donuts and retail strip center. Under the ownership of Denholtz Properties, significant investments over the last decade—including the development of key assets like the retail center and Dunkin’ Donuts, completed three years ago—helped enhance the properties’ overall value.
“We’ve represented these properties for Denholtz for over a decade, maintaining stabilized long-term leases that enhanced their appeal to buyers,” David Zimmel, president of Zimmel Associates said. “The location, just off the Garden State Parkway, combined with the Clark market’s strong performance, made this portfolio an exceptional opportunity for the buyer to expand their footprint.”
Zimmel Associates will continue as the exclusive leasing broker for the buyer’s portfolio, handling current and upcoming opportunities:
â—Ź 159 Terminal Road: 34,000 square feet of industrial space (Available April 2025)
â—Ź 133 Terminal Road: 40,000 square feet of industrial space (Available April 2025)
â—Ź 75 Terminal Road: 9,000 square feet of one-story office space (Available immediately)
“This sale marks a full-circle moment for Denholtz Properties,” Zimmel added. “From acquisition and strategic improvements to achieving maximum value, it’s a testament to the strength of the market and the foresight of everyone involved.”
