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David Zimmel Wraps Up Leases Totaling $8 million For Two Major Packaging Companies
100,000 and 95,000 sq. ft. leased for the long term
May 5, 2010

Edison, NJ August 14, 2012 -David Zimmel, president, Zimmel Associates, the Edison, New Jersey based corporate real estate services firm, has brokered two long term leases for two separate major packaging companies.

In the first transaction, David Zimmel represented Packaging Systems, Inc. in a long-term lease for 95,000 square feet at 207 Mac Lane in Keasbey, which is within Raritan Center. Packaging Systems, formerly located in Hillside, NJ provides packaging, display, filling, and distribution services for a wide range of industries.

"Bob Harmon, the managing partner at Packaging Systems has been a client of ours for more than 30 years," said David Zimmel. "Over the years we have leased and sold his company more than one million square feet of space. Their new location in Raritan Center will serve them well with its close proximity to the New Jersey Turnpike, other major highways and excellent labor pool." The value of the transaction was in excess of $2 million. Bussell Realty represented the building owner.

"Our offices are located within Raritan Center as well," added Zimmel. "There are numerous attractive leasing opportunities here that range from office to light manufacturing to warehouse. Our firm is very attuned to the availability and amenities of space in the area."

In the second transaction, Paragon Packaging signed a ten-year lease renewal negotiated by David Zimmel for 100,000 square feet at 600 Blair Road in Carteret. United States Land Resources owns the building. The transaction was valued just under $6 million.

Zimmel, who represented both parties, said, "We conducted a search for Paragon and together we determined that the Blair Road location best suited their needs. The owner accommodated them with a highly competitive rent that influenced their decision to stay. "Paragon is certainly invested in the existing space with regard to their equipment and operations and it is centrally located in an area that suits their line of work," added Zimmel.

Paragon Packaging's customers include a variety of industries including major pharmaceutical and cosmetics companies.

Zimmel Associates is an Edison, NJ based brokerage firm that provides personalized commercial brokerage services to local, regional and national clients who want to sell, lease or purchase properties. Zimmel offers their clients the fullest exposure for their properties and the widest knowledge of availability for those seeking properties. The firm's exclusives include four million square feet of quality office, industrial and flex space throughout New Jersey. For more information visit www.zimmel.com.

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