Denholtz Associates Completes Over One Million Square Feet in Lease Transactions for Second Consecutive Year1.31.2018
Matawan, N.J. (January 31, 2018) – Denholtz Associates reports another year of strong leasing activity throughout 2017 with 191 new and renewal lease deals signed for a total of 1,067,211-square-feet. Denholtz Associates executed 147 lease transactions totaling 711,396 square feet for its properties in New Jersey and inked 44 leases for 355,815 square feet in Florida.
“When our team looked at the successes of 2016, we saw much to celebrate but also recognized substantial opportunities to build upon in the new year. Our completion of several capital improvement projects in Florida and New Jersey provided us with the ability to negotiate lease renewals with several of our larger tenants while securing new tenants attracted by these quality spaces,” said Steven Denholtz, CEO of Denholtz Associates. “Breaking the million square-foot milestone in back-to-back years is a testament to the hard work and dedication of our experienced finance, leasing, and property management teams who make our continued success possible. As we look towards the remainder of 2018, we look forward to continuing to search for investments in both Florida and New Jersey that provide us with the opportunity to both create value for our investors and provide homes for businesses of all types.”
Notable lease transactions from 2017 include:
Taylor Media leased 21,514 square feet of office space and 1,168 square feet of rooftop space at 490 First Avenue in St. Petersburg, Florida.
Century Packaging renewed its 20,000-square-foot lease at Edgeboro Corporate Center in East Brunswick, New Jersey.
Times Publishing Company renewed their 18,250-square-foot lease at 1000 North Ashley Drive in Tampa, Florida.
Supply Technologies, LLC leased 17,094 square feet at 7036 Snowdrift Road in Upper Macungie, Pennsylvania.
Curant Health Florida LLC expanded into 5,661 square feet and renewed 11,310 square feet at the Pinellas Business Park in St. Petersburg, Florida.
Power Design, Inc. signed a lease for 13,760 square feet at the Pinellas Business Park in St. Petersburg, Florida.
Lawbook Exchange, Ltd. renewed its lease consisting of 11,700 square feet at 33 Terminal Avenue located in the Clark Commercial Center in Clark, New Jersey.
Woodrow Orlando LLC d/b/a The Great Escape Room signed an 8,742-square-foot lease at 100 E. Pine Street in Orlando, Florida.
Hiossen, Inc. signed a lease for 8,277 square feet at 270 Sylvan Avenue in Englewood Cliffs, New Jersey.
Ansa Assuncao, LLP signed a 6,292-square-foot lease at Metropark South at 100 Matawan Road in Matawan, New Jersey.
“Our ability to meet the needs of a wide range of tenant types and sizes, has enabled us to build a diverse tenant roster across our portfolio. Our multi-tenant diversification strategy ensures that our office and industrial properties can maintain high occupancy regardless of the real estate cycle,” said Kristine B. Hurlbut, Senior Vice President of Leasing at Denholtz Associates. “We look forward to continuing our momentum into 2018 through leveraging our in-house property management team and capital improvement strategy to create unique and in-demand leasing opportunities for tenants of all sizes.”