RAHWAY, NJ, May 2020 – Health Pharma USA, who currently leases 5,000 sq. ft. at 1560 – 1566 Hart Street, Rahway, NJ, needed additional industrial space for its growing company. Jaime Zimmel, of Zimmel Associates was able to secure an additional 10,000 sq. ft. in the same building the tenant is currently in. The 40,000 sq. ft. building is one of five buildings that comprise the 200,000+ sq. ft. flex building, which provides units of 5,000 – 15,000 sq. ft.
The building offers direct access to Routes 1 and 9, and the New Jersey Turnpike, along with close proximity to New York City, NJ Transit, Port Elizabeth, and Newark Airport. With ample parking spaces, 18-foot clear ceiling height, two loading docks and a total of 3,000 sq. ft. of office space on two floors, the tenant happily leased the additional 10,000 sq. ft.
“Due to the challenges of COVID-19, the ability to lease space is a little more difficult,” says Zimmel. “The owner was cognizant of this and was able to cater towards the tenant to a concession, allowing the tenant to expand, move in, do necessary work and set up the space.” By closely watching the CDC, WHO and OSHA Guidelines and following physical distancing and safety measures whenever on-site or meeting with others, Zimmel Associates has continued to provide the services that have made them a standard in Excellence for the last 33 years.
Jaime Zimmel represented both the landlord, Alard Realty LLC, and the long-term tenant Health Pharma USA. “We were still able to do a market rate rent due to the virus because industrial space is still needed and there was not a lot available at that time.” says Zimmel.
ABOUT ZIMMEL ASSOCIATES:
Zimmel Associates provides personalized commercial brokerage services to local, regional, and national clients who want to sell, lease or purchase properties. Our exceptional market knowledge ensures maximum exposure for our exclusive client properties and complete availability information for tenants seeking properties. If you have a property for sale or lease, or, if you are looking for a property, please visit us at www.Zimmel.com. We will give you a knowledgeable overview of local market rents, property values, building costs, availability, demand, and demographics.
