Kurt Praschak / 973.992-7800, x.289 / [email protected]
Alexa Cangialosi / 973.992-7800, x.172 / [email protected]
Sheldon Gross Realty EVP Bob Nathin brokers lease for 308,550-square-foot building
SOMERSET, NJ (March 18, 2021) – Sheldon Gross Realty, through Executive Vice President Bob Nathin, has negotiated a long-term lease of the 308,550-square-foot building at 101 Randolph Road in Somerset. The location has been leased to snacks and confections maker PIM Brands, a subsidiary of New Jersey-based Promotion In Motion, Inc. Nathin worked on the transaction with Chuck Fern of Cushman and Wakefield; JLL represented the landlord, Bridge Development Partners.
PIM Brands also operates several other facilities, including a 250,000-square-foot production location in the immediate vicinity. So, the new building – which will be utilized both for warehousing and distribution – represents another expansion. Parent company Promotion in Motion is among the world’s 50 largest candy manufacturers.
“I’ve worked with Promotion In Motion on multiple transactions,” says Nathin. “This building addresses the company’s growing needs related to warehousing and product distribution. With its primary manufacturing location literally around the corner, 101 Randolph Road is an ideal location.”
About Sheldon Gross Realty
Based in New Jersey and also licensed in New York State, 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 973.325.6200