Colliers Houston Completes Five Industrial Deals

PINE BROOK, NJ-Colliers Houston & Co. recently completed five industrial transactions totaling 31,849-square-feet, all within the 480,000-square-foot, six-building Montville Business Center here. Colliers Houston’s Howard Weinberg, senior vice president; Matthew Turse, senior associate; and Austin Godfrey, associate, have been spearheading the marketing efforts of these properties on behalf of building owner First Industrial Realty Trust.

These five transactions were co-brokered by Steven Beyda and Alex Previdi of Jones Lang LaSalle; Scott Kraft and Ron Kraft of Allied Realty; Irv Weiss of SBWE, Inc.; and Lew Solomon, with Lee & Company. In addition, Colliers Houston also cooperated with Rick Vanderbeck, regional manager for First Industrial.

Med Graphix signed a 6,128-square-foot long-term lease expansion at 30 Chapin Rd., a 76,770-square-foot industrial/flex space that is situated off of Route 46, with access to Routes 80 and 280. Also signing at 30 Chapin was Canvas 4 Life, Inc., which leased 5,328 square feet of space that will serve as its US headquarters, the company’s first US location.

At the 76,497-square-foot 26 Chapin Rd., two other companies picked up US headquarters space. Refine Technology, LLC signed a 6,123-square-foot lease and PCR Technology expanded its operation with a lease for 6,970 square feet.

Unitek USA, Inc. leased 7,300-square-feet of space at 45 Route 46, an 84,284-square-foot industrial warehouse property located at exit 47B off of Route 80. Unitek plans to use the space as a warehouse and storage facility.

“By all accounts, the commercial real estate market continues to struggle on a national level, which is changing the ways in which lease transactions are being completed, particularly here in New Jersey,” says Weinberg. “However, we remain confident in the overall strength of New Jersey’s office market.”