Denholtz Associates Inks Lease with Thal MoldBuilding, LLC Bringing the Clark Commercial Center to Full Occupancy6.13.2018
Clark, N.J. (June 13, 2018) – Denholtz Associates has announced a new lease with Thal MoldBuilding, LLC for 10,051 square feet of commercial space at their Clark Commercial Center in Clark, N.J. to bring the portfolio to full occupancy.
Founded by Jim Thal in 1981, Thal MoldBuilding, LLC is made up of a unique group of master mold makers, specializing in the design, manufacturing, maintenance and repair of injection molds for critical applications. Thal MoldBuilding, LLC will utilize the 10,051 square foot space at 33 Terminal Avenue to design and manufacture quality moldings and continue to serve their wide range of clients.
Acquired by Denholtz Associates in October 2015 in a joint venture with MB1 Capital Partners, the Clark Commercial Center consists of 10 commercial buildings totaling 283,201 square feet, spanning an entire block along Terminal Avenue in Clark, N.J. The campus resides in one of New Jersey’s best demographic areas, conveniently located just off Exit 135 of the Garden State Parkway and a short distance from the New Jersey Turnpike. In addition, the property is positioned within close-proximity to a variety of restaurants, banks, hotels and other suburban conveniences.
In addition to Thal MoldBuilding, LLC, the Clark Commercial Center already houses a wide range of tenants including L’Oreal, one of the largest cosmetics companies in the world, leasing over 190,000 square feet of the portfolio and housing its North American research and development facility on the property. Other major tenants include Retro Fitness and KinderCare.
“Already the home to a number of quality tenants, the welcoming of Thal MoldBuilding, LLC marks 100% occupancy at the Clark Commercial Center,” said Kristine B. Hurlbut, Senior Vice President of Leasing at Denholtz Associates. “Our ability to achieve full occupancy with such a variety of tenants speaks to our commitment to our multi-tenant diversification strategy, allowing us to provide superior, risk adjusted returns to our investors and offer an array of enhanced amenities and services to the town’s residents.”
David Zimmel of Zimmel Associates represented Denholtz Associates and Thal MoldBuilding, LLC in the transaction.