Cushman & Wakefield Brokers 22,000-Sq.-Ft. Meadowlands Lease
Relevent Partners Relocates Warehouse to ProLogis Property in Lyndhurst, N.J.
- Newark, NJ (1888PressRelease) October 29, 2011 - Relevent Partners, LLC, a New York City-based experiential firm, has leased 22,000 square feet at Meadowlands Distribution Center, 1275 Valley Brook Ave. in Lyndhurst, announced commercial real estate services firm Cushman & Wakefield, Inc. The company will relocate its regional warehouse to the property from Jersey City this fall in an expansion move.
Cushman & Wakefield's Stephen Elman and Robert Adams represented Relevent Partners in negotiating the long-term lease. Jeff Chaus of Chaus Realty serves as broker for ProLogis, the property's owner.
"Our client has grown substantially and needed larger storage space," Adams said. "Superior highway access and proximity to Manhattan were among the key locational drivers in the site search. The Meadowlands submarket was a natural choice.
"Additionally, Relevent Partners wanted a clean, functional facility with minimal office space," he noted. "Meadowlands Distribution Center fit the bill perfectly. ProLogis is known as a responsive, flexible landlord, which also added to this property's appeal."
About Cushman & Wakefield
Cushman & Wakefield is the world's largest privately-held commercial real estate services firm. Founded in 1917, it has 234 offices in 61 countries and more than 13,000 employees. The firm represents a diverse customer base ranging from small businesses to Fortune 500 companies. It offers a complete range of services within five primary disciplines: Transaction Services, including tenant and landlord representation in office, industrial and retail real estate; Capital Markets, including property sales, investment management, investment banking, debt and equity financing; Corporate Occupier & Investor Services, including integrated real estate strategies for large corporations and property owners; Consulting Services, including business and real estate consulting; and Valuation & Advisory, including appraisals, highest and best use analysis, dispute resolution and litigation support, along with specialized expertise in various industry sectors. A recognized leader in global real estate research, the firm publishes a broad array of proprietary reports available on its online Knowledge Center at www.cushmanwakefield.com.
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