THE BLAU & BERG COMPANY ARRANGES LEASE OF 260,320 SQ. FT. INDUSTRIAL PROPERTY IN EDISON, NJ TO ONE STOP LOGISTICS LLC
SHORT HILLS, NJ, June 14, 2017
The Blau & Berg Company, a prominent commercial real estate brokerage firm in the New Jersey and Tri-State area since 1932, recently brokered the lease of a 260,320 SF industrial property located at 77 Executive Avenue in Edison, NJ, to One Stop Logistics LLC. Brian P. DiPinto, Supply Chain Solutions, Logistics, and Rail Specialist of The Blau & Berg Company was the procuring broker for the tenant in the transaction, while Linda Hill and Doug Bansbach from Cushman & Wakefield jointly represented the landlord. Read More (PDF)
THE BLAU & BERG COMPANY SUPPORTS HABITAT FOR HUMANITY OF GREATER NEWARK’S SPRING CORPORATE CHALLENGE
SHORT HILLS, NJ, June 5, 2017
The Blau & Berg Company, a prominent commercial real estate brokerage firm in the New Jersey and Tri-State area since 1932, recently partnered with Habitat for Humanity of Greater Newark to support its Spring Corporate Challenge.
Habitat for Humanity of Greater Newark, founded in 1986, is dedicated to building homes for low income families in Essex, Hudson & Union Counties, NJ. On May 19, 2017 The Blau & Berg Company provided a sponsorship donation and a volunteer team that worked on a home in Harmony Point, an urban-style condominium subdivision and the largest project of Habitat for Humanity of Greater Newark to date. 10 employees collaborated to tile, install flooring, paint and more, helping to revitalize the local community and creating a rewarding team experience. Read More / View Photos
ALESSANDRO (ALEX) CONTE NAMED TO THE COTSAKOS COLLEGE OF BUSINESS ADVISORY AND ADVANCEMENT BOARD OF WILLIAM PATERSON UNIVERSITY
SHORT HILLS, NJ, May 8, 2017
The Blau & Berg Company, a prominent commercial real estate brokerage firm in the New Jersey and Tri-State area since 1932, is proud to announce that Alessandro (Alex) Conte, CCIM, SIOR, has been named to The Cotsakos College of Business Advisory and Advancement Board of William Paterson University. Appointed by the Dean, Alex’s role on the board will include providing leadership through professional excellence as well as offering advice to the Dean and other University leaders to advance William Paterson’s mission and achieve it’s strategic goals.
BRIAN DIPINTO TO SPEAK AT CAPRE’S FIFTH ANNUAL NORTHEAST INDUSTRIAL REAL ESTATE SUMMIT
SHORT HILLS, NJ, April 24, 2017
The Blau & Berg Company, a prominent commercial real estate brokerage firm in the New Jersey and Tri-State area since 1932, today announced that Brian DiPinto, Supply Chain Solutions, Logistics and Rail Specialist, will speak at CAPRE’s Fifth Annual Northeast Industrial Real Estate & E-Commerce Distribution Summit in Jersey City, NJ on Tuesday, April 25.
The summit will focus on the evolving dynamics of industrial real estate activities in New Jersey, New York and Pennsylvania due to the Amazon effect. As a featured speaker, Brian DiPinto will utilize his comprehensive background in warehousing, transportation, supply chain solutions and logistics to analyze the impact of e-commerce on the northeast industrial market. Attendees of the event will include leading industrial real estate developers, investors, equity and debt sources, logistics executives, and tenants from the northeast and across the U.S.
For more information on Brian DiPinto, visit http://www.blauberg.com/bio/brian-p-dipinto/.
CHRISTIAN WALSIFER BECOMES SHAREHOLDER IN THE BLAU & BERG COMPANY AND IS NAMED SENIOR DIRECTOR
SHORT HILLS, NJ, April 18, 2017
The Blau & Berg Company, a prominent commercial real estate brokerage firm in the New Jersey and Tri-State area since 1932, has named Christian Walsifer, CCIM, a shareholder in the company. He has also been promoted to Senior Director.
“Christian is an invaluable member of the team and a trusted partner,” noted Jason M. Crimmins, President. “His deep industry knowledge and proven leadership skills make him a great fit for this expanded role in the company.”
THE BLAU & BERG COMPANY ANNOUNCES 4.5-ACRE DEVELOPMENT OPPORTUNITY IN YONKERS, NY
SHORT HILLS, April 5, 2017
The Blau & Berg Company, a prominent commercial real estate brokerage firm in the New Jersey and Tri-State area since 1932, recently announced the availability of a 4.5-acre development opportunity located at 630 Central Park in Yonkers, NY.
Situated along the Hudson River adjacent to New York City’s northern border, Yonkers is the fourth largest city in New York State and the largest in Westchester County. The downtown waterfront district is the hallmark of the city and continues to grow with hundreds of new luxury high-rise apartments, gourmet restaurants, shopping and parks, all just a 25 minute train ride to midtown Manhattan. The city offers the charm of suburban living and the commercial activity of a large metropolitan area.
THE BLAU & BERG COMPANY IS NAMED EXCLUSIVE AGENT FOR THE SALE OF THE FORMER CORY WAREHOUSE IN ELIZABETH, NJ
SHORT HILLS, NJ, March 7, 2017
The Blau & Berg Company, a prominent commercial real estate brokerage firm in the New Jersey and Tri-State area since 1932, has been named the exclusive agent for the sale of the former Cory Warehouse located at 720 South Front Street in Elizabeth, NJ. Jason M. Crimmins, CCIM, SIOR, Alex Conte, CCIM, SIOR and Peter J. Murano, SIOR are the procuring brokers.
With proximity to Port Newark, Port Elizabeth and Newark Liberty International airport, as well as easy access to the Goethals Bridge, NJ Turnpike, US 1/9 and I-78, this 400,000 SF industrial property is in an ideal location. It consists of three facilities on 13 acres: a 318,651 SF facility with 70 docks, a 13,051 maintenance garage with 8 drive-in bays, and an 81,834 SF, three-story facility; and offers redevelopment potential.
THE BLAU & BERG COMPANY CONTINUES STRONG LEASING ACTIVITY AT THE SHORT HILLS EXECUTIVE CENTER IN SHORT HILLS, NJ
SHORT HILLS, NJ February 23, 2017
The Blau & Berg Company, a prominent commercial real estate brokerage firm in the New Jersey and Tri-State area since 1932, reports strong leasing activity at the Short Hills Executive Center, recently executing more than 20,000 SF of lease transactions.
The Blau & Berg Company was awarded the exclusive leasing assignment by the owner of the property, Stone Mountain Properties, in late 2014. Situated in Short Hills, NJ, a community recognized as one of New Jersey’s most desirable towns in which to live, work and do business, this property offers access to world-class shopping, dining and area amenities, all in a serene setting. Featuring 83,430 SF and four stories, the Short Hills Executive Center is located at 830 Morris Turnpike just 19 miles from midtown Manhattan, 12 miles from Newark International Airport, and minutes from NJ Transit rail service to New York City.
ALESSANDRO (ALEX) CONTE BECOMES SHAREHOLDER IN THE BLAU & BERG COMPANY AND IS NAMED EXECUTIVE VICE PRESIDENT
SHORT HILLS, NJ, January 30, 2017
The Blau & Berg Company, a prominent commercial real estate brokerage firm in the New Jersey and Tri-State area since 1932, has named Alessandro (Alex) Conte, CCIM, SIOR, a shareholder in the company. He has also been named Executive Vice President.
“Alex’s dedication to the company and our clients is unparalleled,” noted Jason M. Crimmins, President. “His vested interest in The Blau & Berg Company will only continue to drive our success in the future.”
THE BLAU & BERG COMPANY ARRANGES SALE OF 54,126 SQ. FT. RETAIL PROPERTY IN NEWARK, NJ TO JJ OPERATING, INC.
SHORT HILLS, NJ, January 6, 2017
The Blau & Berg Company, a prominent commercial real estate brokerage firm in the New Jersey and Tri-State area since 1932, recently brokered the sale of a 54,126 SF retail property located at 237-249 South Orange Avenue in Newark, NJ, to JJ Operating Inc., a family owned real estate investment and management company based in New York, NY. Alex Conte, CCIM, SIOR, Jason Crimmins, CCIM, SIOR and Peter J. Murano, SIOR of The Blau & Berg Company were the procuring brokers representing the seller and buyer in the transaction.
This free-standing retail property is in a prime location across the street from University Hospital, an independent medical center with more than 500 licensed beds, an active medical staff of more than 600, and over 3,000 employees. Formerly occupied by Pathmark and with Dunkin Donuts leasing 2,100 sq. ft. of space in a corner location on the property, JJ Operating plans to redevelop the building to enhance the exterior, add visibility on Bergen Street and provide customizable space opportunities to retailers, medical offices and other complementary businesses. Significant revitalization occurring in the area has already sparked the influx of national retailers within the vicinity, including well-known brands such as Marshall’s, PNC Bank and Rite Aid.
THE CLASS B OFFICE MARKET IS STRONG IN NORTHERN NEW JERSEY
NE Real Estate Business: December 14, 2016
In the office segment there has been plenty of news regarding Class A assets. Companies have been flocking towards upgraded space. Landlords have made significant capital expenditures to their buildings to attract and retain these tenants. We have seen parking decks being built, investments to achieve LEED certification and the addition of upgraded amenities, such as cafés, fitness facilities, day care centers, and shuttles to mass transit.
In the midst of these discussions, the Class B building seems to be getting lost. Class B office buildings do not have all of the bells and whistles of their Class A counterparts. However, this has not stopped them from experiencing a resurgence over the last few years. Current vacancy of Class B office space in the Northern New Jersey market is 13.4 percent. The vacancy rate has seen a steady decline from 15 percent at the end of 2014. The asking rents in the market average around $21.50 based on a gross number. The absorption of space over the last two years has been the best we have seen in more than 10 years. According to CoStar, 1.1 million square feet of Class B office space was leased in Northern New Jersey during 2015, and 2016 is trending higher.
LOGISTICS FIRM SIGNS LEASE FOR 343K SQ. FT. OFF OF INTERCHANGE 8A
NJ Biz: December 7, 2016
Short Hills-based commercial real estate brokerage The Blau & Berg Co. negotiated a lease for a global logistics firm in the Interchange 8A submarket, it announced Wednesday.
The undisclosed tenant, a provider of supply chain management solutions, is taking 343,485 square feet on Middlesex Center Boulevard in Monroe Township.
Charles T. Kavanagh, executive vice president of Blau & Berg, procured the tenant in the deal, while Marc Petrella of Cushman & Wakefield represented the landlord, GLP.
“E-commerce is driving demand for premium facilities, particularly along the New Jersey Turnpike corridors that provide good accessibility and access to its customers and densely populated areas,” Jason M. Crimmins, Blau & Berg president, said in a prepared statement. “The industrial vacancy rate for northern and central New Jersey markets is currently at a historically low level.”
THE NEW JERSEY INDUSTRIAL MARKET REMAINS SCORCHING HOT
MARE Journal: November 25, 2016
The New Jersey Industrial market has proven to continue its trend of being scorching hot. Leasing velocity at 8A has once again landed big tenants for big blocks of space. The Blau & Berg Company procured 343,485 square feet for UPS for its ecommerce fulfillment, Central Garden & Pet assumed 550,050 square feet and Wayfair leased 1,240,000 square feet. Not to be outdone, Amazon forged ahead to absorb 809,000 square feet at exit 12, which brings their total New Jersey footprint to +/- 7,000,000 square feet.
THE BLAU & BERG COMPANY NEGOTIATES THE SALE OF ±72,100 SF PERTH AMBOY, NJ
SHORT HILLS, NJ, December 22, 2014
The Blau & Berg Company negotiated the sale of 940 State Street in Perth Amboy, NJ from 940 State Street, LLC to Wang & Xu, LLC. The transaction included ±72,100 SF of warehouse and office space with three bays and three grade-level drive-ins. This industrial property is situated on ±3.58 AC and contains one 10-ton crane, two 7.5-ton cranes and two 3-ton cranes.
STONE MOUNTAIN PROPERTIES WELCOMES TECTONIC ENGINEERING & SURVEYING CONSULTANTS, P.C. TO THE SHORT HILLS EXECUTIVE CENTER
SHORT HILLS, NJ, December 4, 2014
Stone Mountain Properties proudly welcomes TECTONIC Engineering & Surveying Consultants, P.C. (TECTONIC) to 830 Morris Turnpike in Short Hills, NJ. The class-A, 83,430-SF, office facility consists of four stories with a 4:1,000 parking ratio (over 60 are covered spaces). The move to Short Hills will help TECTONIC better service their clients with this additional location.
THE BLAU & BERG COMPANY HAS WON THE LEASING ASSIGNMENT FOR STONE MOUNTAIN PROPERTIES' CLASS A BUILDING IN SHORT HILLS, NJ
SHORT HILLS, NJ, November 26, 2014
The Blau & Berg Company has won the leasing assignment for the Short Hills Executive Center’s 83,430-SF, class-A, office facility owned by Stone Mountain Properties. The office building consists of four stories, close to 30,000 SF floor plates, 4:1,000 parking ratio (over 60 are covered spaces). Located in the Short Hills-Summit submarket, the property is nearby the NJ Transit train stations in Summit and Millburn. The Blau & Berg Company is honored to represent this property.
THE BLAU & BERG COMPANY NEGOTIATES THE SALE OF ±70,000 SF IN CLIFTON, NJ FOR THE STRO COMPANIES AND B&B IRON WORKS, INC.
SHORT HILLS, NJ, November 14, 2014
The Blau & Berg Company negotiated the sale of 1 Broad Street, Clifton, NJ from The Stro Companies to B&B Iron Works, Inc. The transaction included ±70,000 SF of industrial manufacturing space with drive-in doors. The Stro Companies has many flex and industrial acquisitions in New Jersey, including the Clifton property they have sold to B&B Iron Works, Inc. B&B Iron Works, Inc. specializes in the fabrication of complex structural steel and miscellaneous metal projects. This move provides B&B with a better way to service their customers.
THE BLAU & BERG COMPANY AND JONES LANG LASALLE NEGOTIATE THE SALE OF 205,000 SF IN UNION, NJ FOR AMERICAN CARGO EXPRESS AND GENLYTE GROUP, INCORPORATED
SHORT HILLS, NJ, November 5, 2014
The Blau & Berg Company and Jones Lang LaSalle negotiated the sale of 2345 Vauxhall Road in Union, NJ from Genlyte Group, Incorporated to American Cargo Express. The transaction included 205,000 SF of industrial space with loading docks and drive-in doors. American Cargo Express is preparing to move from Elizabeth in late November.
THE BLAU & BERG COMPANY NEGOTIATES THE SALE OF 87,250 SF IN UNION, NJ FOR D’ARTAGNAN AND MILLSTEIN ACQUISITIONS, LLC
SHORT HILLS, NJ, October 17, 2014
The Blau & Berg Company negotiated the sale of 600 Green Lane in Union, NJ from Harold Leonard & Co., Inc. to Millstein Acquisitions, LLC and D’Artagnan. The purchase hugely benefits all parties involved in the transaction.
THE BLAU & BERG COMPANY NEGOTIATES A LONG-TERM LEASE FOR SHELLEY’S FOODSERVICE WHICH BRINGS JOBS TO NEWARK, NJ
SHORT HILLS, NJ, October 10, 2014
The Blau & Berg Company negotiated a long-term lease between landlord, Urban Renewal Corporation and tenant, Shelley’s Foodservice for 24,400 SF at 93 Albert Avenue in Newark, NJ. The new tenant relocates to the Albert Avenue with major benefits for their own company, as well as for the City of Newark.
THE BLAU & BERG COMPANY HELPS NEGOTIATE A 5-YEAR LEASE FOR 157,425 SF IN CARTERET, NJ
Centerpoint Minue, LLC (Represented by Cushman & Wakefield) Leases to J. Cioffi Leasing & Trucking, Inc. (Represented by The Blau & Berg Company and Cassidy Turley)
SHORT HILLS, NJ, September 16, 2014
The Blau & Berg Company joined Cushman & Wakefield and Cassidy Turley to negotiate a 5-year lease for 60-62 Minue Street in Carteret, NJ. The building is 157,425 SF of warehouse and office space with 17 dock doors and 2 drive-ins. The new tenant, J. Cioffi Leasing & Trucking, Inc. relocated to the Minue Street property to better accommodate their clients with more space.