Kushner Cos. Selects Cassidy Turley to Lease Oakland Industrial Site

NEW JERSEY—Cassidy Turley has been named the exclusive leasing agent for 5 Thornton Road, a 151,874-sq.-ft. manufacturing and warehouse facility in Oakland, N.J. owned by Kushner Cos.

The Cassidy Turley team of Senior Vice President, Principal Howard Weinberg and Associate Vice President Matthew Turse is handling the assignment.

Currently, cosmetics manufacturer Estee Lauder Cos. Inc. is a tenant at the building, which currently uses its space for its Aramis division. The company will be consolidating its use at the building allowing for the property to be move-in ready by the spring of 2013.

Located in a corporate industrial park setting on eight acres, the building offers an on-site back-up generator as well as 100,000 sq. ft. of rooftop solar panels. Approximately 45,000 sq. ft. of space has a new roof with a 20-year warranty. Property features include a full-service cafeteria and filtration system.

In addition, the property includes 13,350 sq. ft. of office space and 31,650 sq. ft. of air-conditioned production space.

Located within a secure, gated environment, the facility is in close proximity to Interstate 287, the New York Throughway, Lincoln Tunnel and George Washington Bridge.

Please or Register to post comments.

Latest poll

Total CMBS Issuance Volume

There has been $30.3 billion in new CMBS issuance to date in 2013, according to Commercial Mortgage Alert. That puts the industry on pace to smash last year’s volume of $48.4 billion and will make 2013 the busiest year for CMBS issuance since 2007. Where do you think total CMBS issuance volume will end up in 2013?

 

Newsletter Signup

NREI Daily Regional Newsletters

Connect With Us
National Real Estate Investor Related Sites