BASKING RIDGE, N.J. – Kislak recently leased 34 Columbia Road in Branchburg, a 24,000 sq. ft. warehouse/tech property owned by EI Realty of Cedar Knolls, New Jersey. This property was long occupied by Valence, a technology company whose business model had changed and only required a small portion of the building where most of the investment dollars were made to develop microchip technology.
Peter Wisniewski, an executive vice president with Kislak, found the opportunity to merge two companies under one roof by leasing the entire property to JAG Finishing, a high end millwork company who then leased back a small portion to Valence allowing them to continue their business development plans.
The Somerset County industrial market has tightened considerably over the last 12 months. Kislak represents several credit clients looking to buy and lease modern warehouse spaces in this market with limited quality product features (i.e., higher ceilings greater than 20′, good loading and truck parking).
About The Kislak Company, Inc.
The Kislak Company, Inc., which is headquartered in Woodbridge, New Jersey, is a leading commercial real estate brokerage consistently recognized for its investment sales success. Established in 1906, Kislak’s market leadership position and longevity are due to its ability to offer clients a personalized, hands-on approach, coupled with the unrivaled expertise of its long-tenured team of professionals. Kislak’s prestigious client base includes individual investors and owners, partnerships, financial institutions, and REITs. The firm’s 30 professionals provide comprehensive market coverage throughout New Jersey, New York, Pennsylvania and Delaware.
Now in its 112th year, Kislak was among a select group of firms recognized as a 2017 Power Broker by CoStar Group, Inc. and this was the firm’s twelfth consecutive recognition.
For more information about The Kislak Company, Inc., please contact Jason Pucci, C.O.O., at (732) 750-3000 or email@example.com, or visit www.kislakrealty.com