Denholtz Associates Sells Two Fully Occupied Flex Properties in East Brunswick, N.J.10.20.2016
East Brunswick, N.J. (October 24, 2016) – Denholtz Associates has announced the sale of two fully-leased flex properties totaling 107,000 square feet located at One Kimberly Road and Ten Alvin Court in East Brunswick, N.J. The sale was made to Greek Development.
These fully stabilized, 100% occupied properties are located only an hour from New York City and feature easy access to Route 18 via Tices Lane and are in close proximity to Exit 9 of the New Jersey Turnpike. Tenants at the two properties range from industrial to recreational including Center Stage Dance Studio and Jumping Jungle Children’s Recreational Center.
“Our ability to stabilize and obtain full occupancy at both properties coupled with the assets’ centralized location near major area highways and ample parking made this pair of buildings highly attractive to potential buyers,” said Steven Denholtz, CEO of Denholtz Associates. “Through our investment strategy we were able to capitalize on our investment and sell the buildings to a qualified buyer.”
David Zimmel of Zimmel Associates, was the exclusive broker representing Denholtz and Greek Development in the transaction.