Changeable times create property management opportunities,
as commercial real estate exec unveils pair of new deals
Locations in Summit, Union being managed by Sheldon Gross Realty
WEST ORANGE, NJ (April 13, 2022) – From transitioning out of the pandemic, to the challenges posed by the Great Resignation, it seems change is the only constant. That’s true in nearly every business sector, including the management of commercial properties.
Marcy Gross, president of Sheldon Gross Realty, sees every reason to be optimistic about growth. And she bases her bullish perspective on input from the commercial building owners she communicates with daily. The significant majority of them express a strong commitment to their properties being as desirable as possible.
“There’s no doubt the global pandemic will change how we’ll manage buildings and properties used for business,” Gross observes. “Every other industry is being impacted by the pandemic, and there’s no reason for ours to be an exception. But change isn’t necessarily a negative, and we’ve been experiencing a particular eagerness by property owners to make sure their buildings meet the needs of tenants and prospective tenants. I certainly expect this to continue.”
Backing up the point, Sheldon Gross Realty recently added two additional properties to the ranks of those it manages. These are a 20,000-square-foot office space on Rahway Avenue in Union, and an upscale, retail space in Summit, at the corner of Summit and Springfield avenues.
“As long as people own office buildings, warehouses, industrial properties, and retail spaces, there’s going to be a need for expert property managers,” Gross says. “If there are changes in what owners or tenants want from these properties, that’s fine. We’ll adapt accordingly – but the essential service we provide won’t change significantly.”
The Summit location currently features 9 stores – The Committed Pig, The Meat House, Summit Eye & Optical, LaPastaria Restaurant, Fireplace Store, Home Again Design, Cove Carpet/Kelly Flooring, Central Barber Shop, and Ateliers 113 Salon. There currently are no vacancies on the property, but Sheldon Gross Realty’s contract does call for the company to handle full leasing and management. The entire Union building is leased by a single tenant.
About Sheldon Gross Realty
Based in New Jersey, Sheldon Gross Realty, Inc. offers clients a broad array of specialized services, including office, industrial and retail brokerage; tenant representation; property and asset management; office relocation; and consulting. Founded in 1962, the firm is known for its long-term client relationships, high percentage of repeat business, and a stellar, 95 percent success rate in leasing/selling the property assignment it undertakes. Featuring an exceptional team of professionals renowned for outstanding customer service and committed to unparalleled market research, Sheldon Gross Realty addresses its clients’ corporate real estate needs on a local, regional, and national scale.
Additional information is available online, at www.sheldongrossrealty.com. A free consultation is available by calling 862.930-5714.and fabrication of stone products.
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