SHORT HILLS, NJ, November 7, 2023 –The Blau & Berg Company, a prominent commercial real estate brokerage firm in the New Jersey and Tri-State area since 1932, has brokered the lease of ±13,242 SF on DeForest Avenue in East Hanover. Troy Schaafsma, Senior Associate, Jason M. Crimmins, SIOR, CCIM, Peter J. Murano, Jr., SIOR, and Alessandro (Alex) Conte, CCIM, SIOR, acted as both the listing and procuring brokers.
The industrial space is part of a larger ±38,000 facility and was leased to a division of the State of New Jersey. Sitting on just over 1 AC, the facility is comprised of several Research & Development labs. The State of New Jersey originally leased the space for two years before agreeing to an extension.
“We were confident that we found a space that fit the very specific requirements the State of New Jersey set forth,” offered Schaafsma, “but as is the nature of any state lease, there was an initial trial period. We were pleased that, based on the locale and proximity to other cooperating state agencies, along with the benefits of the space itself, they determined that this facility was more than sufficient for their needs and were comfortable signing a lengthy extension.”