News

News

Sheldon Gross Realty in West Orange, New Jersey, is one of the leading names in property management. Read one of our news pieces written by our very own Jonathan Glick for the Mid Atlantic Real Estate Journal.

In the Past 365 Days, Sheldon Gross Realty Has Brokered 27 Deals Totaling 342,056 S/F

Clinton Office Building Article

47 Acres Wall Article


News

  • Since the third quarter of 2011, Sheldon Gross Realty Inc. has been experiencing an ever increasing volume of interest in the properties they are marketing. In the past 365 days, Sheldon Gross Realty Inc. has brokered 27 deals totaling 342,056 square feet. Currently, we represent 60 available spaces for lease, totaling 991,158 square feet.
  • Most of our properties available for lease have offers and believe that most will be completed this quarter. This holds true for all sectors we serve: retail, office, and industrial. Our listing at 113 Route 46 (Willow Square Mall) in Wayne has to be one of our most active retail listings.
  • Eight months ago, we had very little interest, and now we have leases out on a majority of the spaces with back-up offers in place. In Middlesex County, we have 250,000 square foot warehouse buildings on the market for more than two years each: 17 Kimberly Road, East Brunswick, and 3 Taylor Road, Edison, have now been leased to long-term tenants. In addition, we represent 12 properties for sale, totaling 31,658 square feet of RBA valued at $28,124,000.
  • While the activity is not as brisk for purchasing, there is definite interest by companies who foresee owning a facility in the near future. Hopefully, if the positive business trends we are experiencing continue, this will translate into more sales transactions.