Denholtz Associates Reports Strong Leasing Activity in 20152.2.2016
Matawan, NJ (February 2, 2016) – Denholtz Associates, a privately held, fully integrated real estate development, investment and management company, reports strong leasing activity throughout 2015, totaling 948,707-square-feet of new and renewal lease transactions. In New Jersey alone Denholtz Associates executed 142 lease transactions totaling 608,332-square-feet.
“2015 ushered in a number of exciting opportunities and investments that allowed us to showcase our expertise in a number of areas including acquisitions, ground up construction and adaptive reuse. Our finance, leasing, and property management teams worked hard to leverage our full suite of capabilities resulting in nearly a million square feet of lease transactions,” said Steven Denholtz, CEO of Denholtz Associates. “Our leasing success is a testament to our property management experience and our ability to add value to underperforming assets in high-quality, targeted locations which reduces risk and increases profit. In 2016, we look forward to continuing to grow our business in New Jersey, where we are headquartered but also throughout Florida where we are actively looking for opportunities to acquire properties.”
Notable lease transactions from 2015 include:
TopFlight Jr. Sports Academy, Inc., leased 20,090-square-feet of space at the Bridgewater Industrial Park in Bridgewater, New Jersey.
Fedcap Rehabilitation Services, Inc., leased 11,500-square-feet at the Fairfield Business Center in Fairfield, New Jersey.
The Northern New Jersey Center for Advanced Endoscopy, LLC, leased 9,950-square-feet at 270 Sylvan Avenue in Englewood Cliffs, New Jersey.
Midwest Tropicals, Inc., leased 9,759-square-feet of space at Elmhurst Metro Court, in Elmhurst, Illinois.
GGI, LLC, (The Genesis Group) leased 8,773-square-feet of office space in The Times Building in Tampa, Florida.
“The nature of our multi-tenant diversification strategy means that we are always very busy in the leasing department and 2015 was particularly fruitful,” said Kristine Hurlbut, Senior Vice President of Leasing at Denholtz Associates. “The majority of our tenants occupy less than 10,000-square-feet, which allows us to achieve superior risk adjusted returns.”